Robust gold price and a rising dividend
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 c ....
07 Jan 2020
WHI Equity Research: Caledonia Mining (CMCL) 070120
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WHI Equity Research: Caledonia Mining (CMCL) 070120
Caledonia Mining Corporation PLC (CMCL:LON) | 820 -41 (-0.6%) | Mkt Cap: 157.4m
- Published:
07 Jan 2020 -
Author:
Paul Smith -
Pages:
20
Robust gold price and a rising dividend
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 c ....