Caledonia operates the profitable Blanket gold mine in Zimbabwe. It is expanding production to over 80koz/yr with a fully funded plan to sink a new shaft in the middle of the mine – the new Central Shaft – already de-risked and nearly 1km deep (990m). Caledonia has net cash ($12m) and pays a dividend (currently yielding 4%). On top of the expanding, quality asset which underpins the financial stability of Caledonia, it is also perhaps the premier Zimbabwe recovery story in London and well placed ....
21 Mar 2018
The premier Zimbabwe recovery story
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
The premier Zimbabwe recovery story
Caledonia Mining Corporation PLC (CMCL:LON) | 820 -41 (-0.6%) | Mkt Cap: 157.4m
- Published:
21 Mar 2018 -
Author:
Paul Smith -
Pages:
24
Caledonia operates the profitable Blanket gold mine in Zimbabwe. It is expanding production to over 80koz/yr with a fully funded plan to sink a new shaft in the middle of the mine – the new Central Shaft – already de-risked and nearly 1km deep (990m). Caledonia has net cash ($12m) and pays a dividend (currently yielding 4%). On top of the expanding, quality asset which underpins the financial stability of Caledonia, it is also perhaps the premier Zimbabwe recovery story in London and well placed ....