Gold continued its rally amid global pandemic uncertainty, with prices hitting new records to start the week. The price of metal for immediate delivery closed in on $2,000 an ounce.
Spot gold rose as much as 0.6 percent on Monday to $1,988.40 an ounce, while most-active futures traded as high as $2,009.50 on the Comex. Bullion had its biggest monthly gain since 2012, soaring 11 percent in June as investors weighed a weaker dollar and record-low US real yields.
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.