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Caledonia Mining Corporation

Gold prices stabilising

The price of the yellow metal is holding the bid at the start of the week but has been pressured to an area of support in recent sessions.

At the time of writing, XAU/USD is trading at $1,888.83 between a low of $1,880.60 and a high of $1,891.82.

Gold fell off a cliff last week, cracking the $1,900 level, on the news of a covid vaccine but has since established a demand zone in the low $1,880s. 

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.