Caledonia Mining Corporation Plc COM SHS NPV (DI) (LON:CMCL) CFO Mark Learmonth talks to DirectorsTalk about its Q3 production update. Mark talks us through the highlights of the update, explains the commissioning process of the new mill, its effects and what investors should be looking out for in terms of news flow in the coming months.
About Caledonia Mining Corporation Plc COM SHS NPV (DI) – Following the implementation of indigenisation in Zimbabwe, Caledonia’s primary asset is a 49% interest in an operating gold mine in Zimbabwe (“Blanket”). Caledonia’s shares are listed in Canada on the Toronto Stock Exchange as “CAL”, on London’s AIM as “CMCL” and are also traded on the American OTCQX as “CALVF”. At 30 June 2016, Caledonia had net cash of US$10.6m. Blanket plans to increase production from 42,800 ounces in 2015 to approximately 80,000 ounces in 2021; Blanket’s target production for 2016 is approximately 50,000 ounces. Caledonia expects to publish its results for the quarter to 30 September 2016 on 14 November 2016.