Gold jumps to highest since Oct 2012

Gold rose over 1% on Monday to its highest in more than seven years as dismal U.S. data underscored how badly the Covid-19 pandemic has damaged the world’s top economy, while palladium soared over 9% on better-than-expected demand outlook.

Spot gold was up 1.1% at $1,760.85 per ounce by 0402 GMT, after rising to its highest since Oct. 12, 2012 at $1,763.51. U.S. gold futures gained 0.8% to $1,770.50.

“Markets are pricing in that the (economic) recovery is going to be a little slower than previously expected, and that’s probably going to require an environment of lower rates,” said IG Markets analyst Kyle Rodda, adding that Friday’s “really poor” U.S. economic data was the big catalyst.

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 which produced 54,512 ounces of gold in 2018 at an All in Sustaining Cost of $802/oz.

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 declares $0.14 quarterly dividend

Gold miner Caledonia Mining has declared a quarterly dividend of $0.14 on each of the company’s shares. The total dividends paid in 2021 were $0.50 – almost 50% higher than in 2020. Caledonia is targeting production of 73 000 oz

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Caledonia Mining clarifies ex-dividend dates for quarterly dividend

Caledonia Mining Corporation Plc (LON:CMCL)  announced on April 4, 2022 that the Board of Directors had declared a quarterly dividend of 14 United States cents (US$0.14) on each of the Company’s shares.  The relevant dates relating to the dividend were announced

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Caledonia Mining declare quarterly dividend of US$0.14

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 ·   The total dividends paid in 2021 were

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

New gold-rich shaft brings fortune for Blanket Mine

Gold producer, Caledonia Mining Corporation’s chief executive officer Steve Curtis Thursday said the year 2021 was a turning point for the company after commissioning Zimbabwe’s largest gold producer Blanket mine, a new central shaft. Curtis said

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Caledonia Mining AGM to be held on Wednesday May 4, 2022

Caledonia Mining Corporation Plc (LON:CMCL) has announced that documents comprising a notice of annual general meeting of shareholders and a management information circular – solicitation of proxies together with a proxy form are now available at: https://www.caledoniamining.com/investors/shareholder-information/#shareholder-meeting-documents The AGM will be held at Radisson Blu

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Caledonia seeks more gold assets

Victoria Falls Stock Exchange (VFEX) listed Caledonia Mining Corporation says it continues to evaluate further investment opportunities in Zimbabwe’s mining gold sector after hitting record gold output Caledonia, which intends to transform itself into a mid-tier,

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Zimbabwe’s mining sector on right path

A leading local gold producer, Caledonia Mining, has described Zimbabwe’s mining sector reforms as having started to achieve meaningful results. The Jersey Channel Islands-headquartered company, has invested millions of dollars during the past few years at

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Caledonia Mining reports gross revenues of $121 million

Caledonia Mining Corporation Plc (LON:CMCL) has announced its operating and financial results for the year ended December 31, 2021. Further information on the financial and operating results for the Year and the quarter ended December 31, 2021 can

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Gold price at one-year high

Gold price has rallied to its one-year high, breaching the ₹51,000 per 10 grams mark in February as demand for safe haven assets went up after Russia invaded Ukraine. On Monday, the yellow metal price was

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Gold hits near nine-month high

Gold hit a near nine-month high on Tuesday, as the situation in Eastern Europe intensified after Russia ordered troops into breakaway regions of eastern Ukraine, supporting demand for safe-haven bullion. Spot gold was up 0.2% at

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Gold resumes rally

Gold prices extended gains to a fresh three-month peak on Monday as concerns around the Russia-Ukraine conflict supported bullion’s safe-haven appeal and sparked fears of supply disruption in the palladium market. Spot gold gained 0.3% to $1,864.94

CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Gold gains as inflation risks boost safe-haven appeal

Gold prices climbed to a more than one-week high on Monday, supported by inflation worries and lingering geopolitical risks, as markets awaited key U.S. inflation data for cues on the Federal Reserve’s interest rate hike trajectory.