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Caledonia Mining: How is Gold produced?

Caledonia Mining Corporation PLC COM SHS NPV (DI) Chief Executive Officer Steve Curtis explains what goes on at Blanket Mine for those that haven’t had the opportunity to visit.


Following the implementation of indigenisation in Zimbabwe, Caledonia Mining’s primary asset is a 49% interest in an operating gold mine in Zimbabwe (“Blanket”). Caledonia’s shares are listed on the NYSE American as “CMCL” and on the Toronto Stock Exchange as “CAL”; depository interests representing the Company’s shares are also admitted for trading on AIM of the London Stock Exchange plc.

At 30 June 2017, Caledonia had net cash of US $10.8 million. Blanket plans to increase production from 50,351 ounces in 2016 to approximately 80,000 ounces in 2021; Blanket’s target production for 2017 is between 54,000 and 56,000 ounces. Caledonia expects to publish its results for the quarter to September 30, 2017 on or about November 13, 2017.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.