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CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Gold holds steady on virus fears

Gold prices steadied on Monday after a steep fall in the previous session, as concerns over a worsening COVID-19 pandemic and intensifying U.S.-China tensions underpinned the metal’s safe-haven appeal.

FUNDAMENTALS

Spot gold was steady at $2,033.40 per ounce by 0045 GMT

Gold fell more than 1.5% on Friday after hitting a record high of $2,072.50, as the U.S. dollar regained some ground.

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.

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