Philip has more than 20 years' experience writing about companies, general finance and investing matters for a variety of publications. His career has involved spells at the Investors Chronicle, where he was small companies and companies editor, Investors Week and most recently as editor of online financial news wire Sharecast. He has also contributed to a wide range of financial-focused publications on a freelance basis.
“The funds raised should allow the company to swiftly commence resource definition drilling in our high potential Anzá gold project"
A placing at 14.7p was oversubscribed and the money means work can start at Anza (in Colombia)
Sales were US$9.32bn, compared to forecasts of US$9.2bn
Caledonia retains operational control of Blanket and ownership of 49% of the mine in Zimbabwe
Anza covers 100 sq km and has valid mining and environmental permits
Investment bankers Cofarco and Zeus Capital are in discussions with a number of oil traders, merchant banks and service providers
The Zimbabwe-based miner produced approximately 12,522 ounces of gold from the Blanket mine
The Ulster-based miner said plans are in hand to increase the blasting frequency