Caledonia Mining continues to produce gold in Zimbabwe, while lockdown exemption application is processed
Caledonia has built up a strong inventory of spares to sustain it during the coronavirus uncertainty
Company
Caledonia Mining Corporation PLC
LON:CMCL
Caledonia Mining Corporation Plc is a Zimbabwean focused exploration, development and mining corporation. The company owns a 64% stake in the gold-producing Blanket Mine, 100% stakes in the Bilboes Sulphide Project and the Motapa and Maligreen gold mining claims, all situated in Zimbabwe. After increasing the production at Blanket to 80,000oz in 2022, its main focus areas are to maintain production at around 75-80,000oz at Blanket, progress the Bilboes project and become a multi-asset gold producer in Zimbabwe.
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Caledonia expects no interruption to gold production currently, has US$12mln cash in hand
Caledonia has a strong track record of production in Zimbabwe
Caledonia Mining “delighted” with strong performance as Q4 sees record production
"I am delighted by Blanket Mine's strong performance which resulted in a record level of production in the [fourth] quarter,” said Steve Curtis, Calendonia's chief executive
Caledonia Mining shares hit a five year high, but with a 40% boost to production due next year there could be more to come
Caledonia Mining has a well-established track record of dividend payments
Caledonia Mining says 2019 earnings to be substantially higher than market expectations
The gold producer said the outperformance was due to the combined effects of the continued strength of the gold price, higher than expected production for 2019 and lower than expected operating costs
Caledonia Mining boosts stake in Blanket mine to 64%
The original MOU was signed in November 2018 with the price US$16.7mln
Caledonia delivers record quarterly gold production from the Blanket mine in Zimbabwe
Caledonia's expansion programme at the Blanket mine is now well advanced
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Caledonia Mining lifts dividend as gold mine delivers improved financial performance
Better grades, higher output and elevated gold prices are all factors in Caledonia's improved financial performance.
Caledonia Mining production rises as grades pick up
Output rose in the second six weeks as Caledonia used generators it has installed at the gold mine to keep operations running.
Caledonia Mining adds additional back-up power at Blanket mine
In addition to an extra 6Mw of diesel capacity now being installed, a solar power option is being considered.
Caledonia Mining Corporation production report confirms its on-track to acheive targets
"Production in the third quarter of 2019 was slightly below our target but showed steady growth in production on the previous two quarters,” said chief executive Steve Curtis.
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Today's Market View - Base metals gain on positive trade talk speculation
SP Angel . Morning View . Thursday 10 10 19Base metals gain on positive trade talk speculationAura Energy Limited* (LON:AURA) 0.525p, Mkt Cap £6.8m – Haggan resource upgradeAvesoro Resources (LON:ASO) 89p, Mkt Cap £72.6m – Lower Q3 gold out
Caledonia Mining expects better recoveries and lower costs from new plant at Blanket
"The new oxygen plant will provide up to six tonnes of improved oxygen supply to the Blanket Carbon-in-Leach plant which is expected to increase recoveries to approximately 94 per cent."
Caledonia Mining boosts gold production, benefits from foreign exchange gain
Caledonia has signed a new power supply agreement which appears to have reduced the incidence of load-shedding
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Caledonia Mining completes shaft sinking at Blanket mine
"We now commence the equipping phase, which will take approximately 12 months, after which we can commence the production ramp-up towards our target of 80,000 ounces of gold in 2022."
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Caledonia Mining maintains 2019 guidance as second-quarter production ticks up
Gold production from the group's Blanket mine in Zimbabwe was 6.4% higher compared to the first quarter, with the full-year forecast maintained at between 53,000-56,000 ounces
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Gold production from Caledonia’s Blanket mine dips, as per plan
Caledonia is moving towards a medium-term production target of 80,000 ounces per year
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Caledonia Mining notified of gold price rise by Zimbabwe refinery
The aim is to incentivise gold production in Zimbabwe, said Caledonia.
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The UK index of leading shares closed up around ten points at 7,271, while the FTSE 250 added 66 points at 19,531
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Quarterly production results show Caledonia Mining still on track to hit full-year target
Caledonia's medium-term production target is 80,000 ounces
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FTSE 100 ahead at the close as investor appetite returns
The premier UK share index finished around 33 points higher at 7,469
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Caledonia Mining books US$21.5mln in gross profits for 2018 as expansion work continues
Caledonia owns a 49% direct interest in the Blanket mine but is looking to acquire a further 15%
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FTSE 100 closes firmly in red as traders flee risk ahead of Fed statement
The UK blue-chip index finished down nearly 33 points lower at 7,291
“Genuine attempt to open up Zimbabwe for business”: Caledonia Mining takes near-term hit against backdrop of improving outlook
Caledonia is taking a short-term hit, but there are grounds for cautious optimism longer-term
Caledonia Mining predicts hit to 2019 earnings from monetary policy change in Zimbabwe
The estimated impact on earnings assumes a gold price of US$1,300 for the rest of year, the Blanket mine achieving the production guidance of 53,000 to 56,000 ounces of gold and no changes to operating costs
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Caledonia Mining boosts quarterly gold production, looks ahead to 80,000 ounces in 2021
Work on the new shaft is nearing completion, ahead of a planned step-change in production
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Caledonia Mining moving steadily towards 80,000 ounce production target by 2021
The expansion plans will boost margins as well as output
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Caledonia Mining shows quarter-on-quarter improvement
"We addressed some of the operating challenges which the business experienced in previous quarters"
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Caledonia agrees legally binding deal to acquire a further 15% of the Blanket mine
Caledonia is increasing its ownership in Blanket, following a change in government rules
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Caledonia Mining declares quarterly dividend, remains on track for full year payout of US$0.275
Caledonia remains on track to produce between 55,000 and 59,000 ounces of gold this year
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Caledonia Mining adds 13% to mining resource at Blanket Mine in Zimbabwe
Measured and Indicated ounces are now 805,000oz, up from 714,000oz in August 2017
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Caledonia Mining signs MoU to buy 15% stake in Blanket mine for US$16.6mln
Caledonia said it remains on track to achieve its production target of 80,000 ounces by 2021 at the Blanket mine
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Caledonia Mining sees year-on-year production at Blanket creep up in first half
The gold miner said around 25,582 ounces of gold had been produced in the first half of the year, marginally ahead of the 25,316 ounces produced in the same period a year ago
FTSE 100 closes higher Thursday as traders come back to equities
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Caledonia Mining sees earnings boost in first quarter
The Zimbabwe gold miner expects to produce 55-59,000 ounces for the full year
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Caledonia Mining on track to hit full-year production guidance after solid first quarter
Caledonia’s 49%-owned Blanket mine in Zimbabwe produced 12,924 ounces of gold in the first three months of 2018, leaving it on track to achieve full-year production guidance of 55,000-59,000 ounces
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