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Caledonia Mining Corporation

Gold gains as dollar dips

Gold rose on Monday, supported by a softer dollar and bets for further U.S. monetary stimulus to revive the pandemic-hit economy outweighing pressure from optimism over a possible COVID-19 vaccine rollout next month.

Spot gold rose 0.2% to $1,874.30 per ounce by 0729 GMT and U.S. gold futures fell 0.1% to $1,870.90.

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.