Caledonia’s interim results demonstrate improved financials due not only to the higher gold price, but also the effects of successfully implementing its Revised Investment Plan (RIP), including a higher gold grade from below the 750m level. Cash is starting to build again after a period of reduction due to RIP implementation and a weak H116 gold price.
15 Aug 2016
Production up, costs down, cash building
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Production up, costs down, cash building
Capital & Regional plc (CAL:LON) | 51.1 0.6 2.4% | Mkt Cap: 114.9m
- Published:
15 Aug 2016 -
Author:
Tom Hayes -
Pages:
3
Caledonia’s interim results demonstrate improved financials due not only to the higher gold price, but also the effects of successfully implementing its Revised Investment Plan (RIP), including a higher gold grade from below the 750m level. Cash is starting to build again after a period of reduction due to RIP implementation and a weak H116 gold price.