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Caledonia Mining delivering exactly as promised says CFO Learmonth

The Zimbabwe-focused gold miner is producing exactly what it said it would, says CFO Mark Learmonth, after production rose 20% in its latest quarter.
For the full year, the group is also on target to meet its previous 50,000 ounce forecast for the 49% owned Blanket mine.
Also working in its favour is the recent rise in the gold price.
And Learmonth explains that as a producer with high fixed costs, this has the impact of 'turbo-charging' Caledonia's (LON:CMCL TSX:CAL) margins and earnings and revenues.

Quick facts: Caledonia Mining Corporation PLC

Price: 1300 GBX

AIM:CMCL
Market: AIM
Market Cap: £149.77 m
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Caledonia Mining's Blanket Mine 'a solid performer' despite challenging quarter

Steve Curtis, chief executive of Caledonia Mining Corporation PLC (LON:CMCL, TSX:CAL), tells Proactive's Andrew Scott gold output during the three months to the end of June was marginally higher than the first quarter of 2018, in line with expectations. The Zimbabwe-focused gold miner...

on 08/10/2018

2 min read