Caledonia yesterday reported its Q2 2018 and H1 results from its Blanket mine in Zimbabwe. Production is on track for full year guidance of between 55-59koz gold and we leave our forecast of 57.4koz unchanged. Production costs were in line with expectations and the mine generated $5.8m net cash over H1 from operating activities. Net cash at the end of the period was $5.3m (from $10.8m - Dec 2017) as working capital changed and some one-off cost were incurred and $10.8m was spent on capital expen ....
10 Aug 2018
Q2 Results
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Q2 Results
Caledonia Mining Corporation PLC (CMCL:LON) | 820 0 0.0% | Mkt Cap: 157.4m
- Published:
10 Aug 2018 -
Author:
Paul Smith -
Pages:
4
Caledonia yesterday reported its Q2 2018 and H1 results from its Blanket mine in Zimbabwe. Production is on track for full year guidance of between 55-59koz gold and we leave our forecast of 57.4koz unchanged. Production costs were in line with expectations and the mine generated $5.8m net cash over H1 from operating activities. Net cash at the end of the period was $5.3m (from $10.8m - Dec 2017) as working capital changed and some one-off cost were incurred and $10.8m was spent on capital expen ....