Caledonia Mining Corp's Mark Learmonth says CMCL has been 'very profitable' for several quarters

We were delighted to welcome Mark Learmonth, CFO at Caledonia Mining Corporation (CMCL) to our London South East webinar (6.7.2021).

Caledonia Mining Corporation hold 64% of the Blanket gold mine in Zimbabwe, and also have two exploration projects in the country. After 5 years and $67 million dollars Caledonia have successfully completed a new 1,200 metre shaft which is now in operation. Numbers announced on 6.7.2021 show that gold production hit a new high this quarter, with a stated target of 67,000 ounces for 2021 and 80,000 ounces by 2022. CMCL pay a rising quarterly dividend which is now 13 cents a share.

The news boosted the share price up 6% on the day, giving CMCL a market cap of £117M.

Caledonia's ticker is CMCL and it is listed on both AIM and NYSE.