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.
Caledonia Min (CMCL)