Raised forecasts and new fair value on gold price outlook
Caledonia Mining continues to make great strides in the redevelopment of its Blanket mine in Zimbabwe. An extraordinary 5-year period of self-funded investment to sink a new Central Shaft in the mine, to future proof production for the next 15+ years (at least), is almost at an end. The period of final construction and commissioning is coinciding with a period of high gold price which removes pressure on final funding requirements, and ....
17 Jun 2020
WHI Morning Comment: Caledonia Mining (CMCL)
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WHI Morning Comment: Caledonia Mining (CMCL)
Caledonia Mining Corporation PLC (CMCL:LON) | 820 0 0.0% | Mkt Cap: 157.4m
- Published:
17 Jun 2020 -
Author:
Paul Smith -
Pages:
5
Raised forecasts and new fair value on gold price outlook
Caledonia Mining continues to make great strides in the redevelopment of its Blanket mine in Zimbabwe. An extraordinary 5-year period of self-funded investment to sink a new Central Shaft in the mine, to future proof production for the next 15+ years (at least), is almost at an end. The period of final construction and commissioning is coinciding with a period of high gold price which removes pressure on final funding requirements, and ....