Caledonia Mining Corporation (LON:CMCL) CFO Mark Learmonth chats with DirectorsTalk about the 2015 Q4 increase on previous quarters, explains the 2016 50,000 ounces target, dividend policy and the impact of the company move from Canada to Jersey will have on shareholders.
You can view the news releases to which this interview relates here: Gold Production Increases, 9th Quarterly Dividend & Canada to Jersey
About Caledonia Mining Corporation
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”. Caledonia Mining Corporation is debt-free and at September 30, 2015 had cash of C$22.4m. Blanket is a low-cost producer: in 2014 Blanket’s on-mine costs were US$652 per ounce of gold produced and its all-in sustaining cost was US$969 per ounce of gold produced. Caledonia expects to publish its results for the quarter and 12 months to December 31, 2015 at the end of March, 2016.