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Caledonia Mining reports 'excellent performance' at Blanket has continued into Q4

Caledonia Mining PLC's (LON:CMCL) Mark Learmonth talks Proactive London's Andrew Scott through the miner's third quarter update.

Production at its Blanket mine in Zimbabwe rose by 7% in the period.

Gross profits increased 75% to US$8.5mln helped by a higher gold price, though the devaluation of Zimbabwe's currency meant higher net profits but lower earnings per share.

Quick facts: Caledonia Mining Corporation PLC

Price: 720 GBX

AIM:CMCL
Market: AIM
Market Cap: £82.91 m
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Caledonia Mining's Steve Curtis talks application to continue Blanket operations

Caledonia Mining Corporation PLC's (LON:CMCL)(TSE:CAL) Steve Curtis tells Proactive London's Andrew Scott the Blanket mine is continuing to operate despite a lockdown in the country as it has applied for an exemption on the grounds that it is able to operate in a manner that contributes to the...

4 days, 11 hours ago

2 min read