Be sure to check our sister interview main ratings news website

Caledonia Mining’s Central Shaft is now fully operational

Caledonia Mining Corporation Plc (LON:CMCL) has announced that its Central Shaft is now fully operational.

Commenting on the announcement, Steve Curtis, Chief Executive Officer, said:

“I am delighted to announce that our new Central Shaft, which is the deepest shaft of any gold mine in Zimbabwe, is fully operational. We can now start to hoist rock, men and material on a daily basis, which will solve our hoisting constraints and facilitate the planned expansion in mine capacity targeting 80,000 oz of gold production per year.

“Commissioning the Central Shaft has been the culmination of a six-year project costing approximately $67million, all funded through internal cash flow.

“This has been an owner-funded and built project by the Blanket team and I would like to thank everyone for their hard work and especially for achieving the completion of the shaft without any serious accidents, recording only two lost time injuries.” 

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

More articles like this

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Caledonia Mining declares quarterly dividend of US$0.14

5th July 2022

Caledonia Mining Corporation Plc (LON:CMCL) has announced that the Board of Directors has declared a quarterly dividend of 14 United States cents (US$0.14) on each of the Company’s shares. Highlights ·   Company on track to hit target

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Gold prices inch higher

4th July 2022

Gold inched higher in choppy trade on Monday, as weakness in Treasury yields kept prices above the $1,800-mark and marginally outweighed pressure stemming from elevated U.S. dollar levels. Spot gold was up 0.1% at $1,811.99 per ounce,

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Caledonia’s Solar Project & Tailings Dam

14th June 2022

Caledonia Mining Corporation plc (LON:CMCL) is a profitable cash generative gold producer with a strong growth profile, Caledonia’s primary asset is the Blanket Mine in Zimbabwe.

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Gwanda mine raises US$8 million from Victoria Falls bourse

10th June 2022

With only six months after officially listing on the Victoria Falls Stock Exchange (VFEX), Jersey domiciled gold producer, Caledonia Mining Corporation, which operates Blanket Mine in Gwanda, says the United States-dollar denominated bourse has ushered in

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Gold price strong

31st May 2022

Gold futures enjoyed modest weekly gains, despite slowing US inflation gains and Fed optimism. The yellow metal has been struggling in recent months due to the US central bank’s aggressive and hawkish campaign. Gold prices could look

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Blanket Mine General Manager

26th May 2022

Caledonia Mining Corporation plc (LON:CMCL) is a profitable cash generative gold producer with a strong growth profile, Caledonia’s primary asset is the Blanket Mine in Zimbabwe.

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Caledonia posts highest first-quarter output on record

20th May 2022

Dual-listed Caledonia Mining Corporation posted earnings before interest, taxes, depreciation and amortisation (Ebitda) of $14.6-million for the quarter ended March 31, compared with Ebitda of $9.7-million reported for the quarter ended March 31, 2021. Adjusted earnings per share

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Gold output rockets as new assets dig deeper

11th May 2022

Output from Zimbabwe’s gold mines firmed to 7,6 tonnes during the first quarter, driven by fresh investments into resuscitating idle assets, as big operators deepened shafts. The sector produced four tonnes during the same period in

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Gold steady as investors look to Fed rate decision

5th May 2022

Gold prices steadied on Wednesday, a day after hitting an over two-month low, as investors awaited a policy decision by the U.S. Federal Reserve and cues on its future interest rate trajectory. Spot gold was little changed

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Caledonia posts record quarterly gold output

28th April 2022

Gold production at Caledonia Mining Corporation’s Gwanda-based Blanket Mine jumped 40 percent to 18 515 ounces in the first quarter to March 31 2021 compared to 13 197 ounces produced in the previous quarter driven by

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Gold rises to five-week high 

19th April 2022

Gold rose to a five-week high as the war in Europe, elevated inflation, and the risk of a US recession boosted demand for the haven asset. The precious metal climbed as much as 0.8 per cent after

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Gold gains over 1% 

13th April 2022

Gold advanced more than 1% on Tuesday as Treasury yields eased after U.S. inflation data drove expectations that the Federal Reserve may not need to be as aggressive in tightening policy in the longer term. Spot

© 2023 – DirectorsTalk. All rights reserved. Reproduction in whole or in part, in any form or medium without express written permission is prohibited.