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CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Gold tops $1,800

These are strange times on Wall Street. Stocks are surging on optimism about a potential economic rebound. Yet investors are still very nervous about the growing threat of a second wave of Covid-19 cases in the United States.

Just look at the rally in gold.

The price of the metal is now above $1,800 an ounce — its highest level since September 2011 — and it is creeping toward that record high of more than $1,900. Gold has soared nearly 19% so far in 2020.

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.