With the productive, low operating cost Blanket gold mine in Zimbabwe in the final stages of a fully funded expansion, with little debt and paying a dividend, Caledonia Mining remains a strong mid-cap gold play and the best Zimbabwe recovery story in our opinion. Expansion of production to >80koz gold per year has required the sinking of a new Central Shaft to revitalise an existing mine and to access the defined resources in the centre of the mine. The company is unfavourably valued against its ....
07 Jan 2020
Robust gold price and a rising dividend
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Robust gold price and a rising dividend
Caledonia Mining Corporation PLC (CMCL:LON) | 815 -40.7 (-0.6%) | Mkt Cap: 156.4m
- Published:
07 Jan 2020 -
Author:
Paul Smith -
Pages:
20
With the productive, low operating cost Blanket gold mine in Zimbabwe in the final stages of a fully funded expansion, with little debt and paying a dividend, Caledonia Mining remains a strong mid-cap gold play and the best Zimbabwe recovery story in our opinion. Expansion of production to >80koz gold per year has required the sinking of a new Central Shaft to revitalise an existing mine and to access the defined resources in the centre of the mine. The company is unfavourably valued against its ....