Caledonia Mining Corporation PLC (LON:CMCL) VP Corporate Development Maurice Mason joins Commodity-TV’s Chief Editor Jochen Straiger for an interview discussing their latest developments.
Following the implementation of indigenisation in Zimbabwe, Caledonia Mining’s primary asset is a 49 per cent 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”; and depository interests representing the Company’s shares are admitted for trading on AIM of the London Stock Exchange plc as “CMCL”.
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 15, 2017.