Caledonia has today announced its Q1 financial results from the Blanket mine in Zimbabwe. Against the backdrop of difficulties in the Zimbabwean economy with local Zim dollar stabilisation against the US$, the mine performed in line with expectations. Revenues and profit were down on lower gold production, but net profit attributable was up on foreign exchange gains (and disposal of the South African Eersteling non-core gold asset) to $9.3m. Adjusted eps was 23c and net cash at $9.7m with the mi ....
14 May 2019
Morning Comment
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Morning Comment
Caledonia Mining Corporation PLC (CMCL:LON) | 825 41.3 0.6% | Mkt Cap: 158.4m
- Published:
14 May 2019 -
Author:
Paul Smith -
Pages:
4
Caledonia has today announced its Q1 financial results from the Blanket mine in Zimbabwe. Against the backdrop of difficulties in the Zimbabwean economy with local Zim dollar stabilisation against the US$, the mine performed in line with expectations. Revenues and profit were down on lower gold production, but net profit attributable was up on foreign exchange gains (and disposal of the South African Eersteling non-core gold asset) to $9.3m. Adjusted eps was 23c and net cash at $9.7m with the mi ....