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CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Gold futures gain on spot demand

Gold prices on Tuesday rose by Rs 836 to Rs 50,584 per 10 gram in futures trade as speculators created fresh positions on firm spot demand. On the Multi Commodity Exchange, gold contracts for December delivery traded higher by Rs 836, or 1.68 per cent, at Rs 50,584 per 10 gram in a business turnover of 10,846 lots.

Fresh positions built up by participants led to the rise in gold prices, analysts said.

Caledonia Mining Corporation plc (LON:CMCL) is a profitable cash generative gold producer with a strong growth profile, Caledonia’s primary asset is the Blanket Mine in Zimbabwe which produced 54,512 ounces of gold in 2018 at an All in Sustaining Cost of $802/oz.