Caledonia Mining (Caledonia) has had a good start to 2018 and its share price is up 22.5% year to date. Caledonia produced 56.1koz of gold during 2017, marginally beating its guidance for production of 54- 56koz, despite suffering from electricity shortages and underground logistical issues (which it has since addressed). It remains on track to deliver output of 80koz by 2021 (all funded from internally generated cash flow). With capex peaking this year, we see a marked improvement in cash-fl
05 Jul 2018
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Caledonia Mining Corporation PLC (CMCL:LON) | 845 -42.3 (-0.6%) | Mkt Cap: 162.2m
- Published:
05 Jul 2018 -
Author:
Ed Marten -
Pages:
35
Caledonia Mining (Caledonia) has had a good start to 2018 and its share price is up 22.5% year to date. Caledonia produced 56.1koz of gold during 2017, marginally beating its guidance for production of 54- 56koz, despite suffering from electricity shortages and underground logistical issues (which it has since addressed). It remains on track to deliver output of 80koz by 2021 (all funded from internally generated cash flow). With capex peaking this year, we see a marked improvement in cash-fl