Caledonia Mining Corporation (CMCL)

[NYBob]

RWTHEBulls$ welcome to Caledonia Mining Corporation (CALVF)
following mark #26 to you -
TIA - good to see you @ CALVF

UPDATE - Caledonia Mining on track to produce 42,000 ounces in 2015 -
By Giles Gwinnett April 09 2015, 2:09pm



Caledonia Mining (LON:CMCL, TSE:CAL)
sold 12.1% more gold in its latest quarter compared to the last three
months of 2014.

The operator of Zimbabwe's Blanket mine said targeted gold production
for the whole of 2015 remains at 42,000 ounces of the precious metal.

It said 10,770 ounces were sold in the three months to March 31 -
12.1% higher than Q4 -
but this was an 11.8% decrease on the ounces
sold in the first quarter of 2014.

In terms of production, 9,960 ounces were produced during Q1 2015, which
was a 4.4% decrease on the gold produced in the previous quarter and
a 2.7% decrease on the gold produced in Q1 2014.

Caledonia's chief executive Steve Curtis said:
"Production in Q1 2015 was over 98% of the target for the quarter.

"Target production in Q1 is lower than subsequent quarters due to the
greater number of public holidays in the first quarter.

"It is also anticipated that production will increase somewhat in
the second half of 2015 after the tramming loop on 22 Level has been
completed, which will increase the underground haulage capacity.
The tramming loop is on schedule for completion by the end of June 2015.

The no 6 Winze is now 900 meters below surface as at the 8 th of April and
is still on track to be completed by the end of July 2015.

The pre-sink at Central Shaft has commenced.
"We are confident that the revised investment plan, which was announced
on November 3, 2014, will result in progressive increases in production
from 2016 onwards when we expect to see the
first production from below 750 meters -
initially from the No. 6 Winze and subsequently from the Central shaft."

Charles Stanley analysts said the production update contained no
surprises, repeating a 'buy' rating and 50p pricetarget.

"...good progress continues to be made on the $70mln investment plan
at Blanket.

We believe the efforts
to double production, reduce costs at an already
low-cost operation, a 9% yield and significant cash resources offer
enough reasons for investors to reappraise the Caledonia story, it said.

Broker SP Angel added:
"These numbers are in line with new guidance on production.

The cash generation and current cash position are supportive.

"The planned developments at the Blanket mine should secure
its long term future but it will need to significantly upgrade
its resource estimates for the deeper levels."
Caledonia shares are unchanged at 39.50p.

http://www.proactiveinvestors.co.uk/companies/news/79123/update-caledonia-mining-on-track-to-produce-42000-ounces-in-2015-79123.html

Caledonia Declares Sixth Quarterly Dividend -
Published : April 07, 2015



http://www.24hgold.com/english/news-company-gold-silver-declares-sixth-quarterly-dividend.aspx?articleid=1368164

2014 Results Presentation -
Results Presentation -

http://www.caledoniamining.com/finance/2014%20AFS%20Review.pdf

2014 Annual Results Review Video -

http://www.caledoniamining.com/

CALVF - Africa's lowest cost gold producer -
doing very well -

Ex.
CALVF - NO DEBT - CASH >$28 million in London banks -

CALVF - Paying about 8% Dividend -

CALVF - Sold 51% of Blanket Mines for >$30 million -

- to mine workers and their community etc. -

CALVF - collecting 10% on the >$30 mil. to payed in full -

CALVF - Managing the Blanket Gold Mines -

http://www.caledoniamining.com/pdfs/Q3%202014%20Results.pdf

http://www.caledoniamining.com/index.php/operations/blanket-gold-mine

Caledonia Mining is a producing gold company based in Canada.

Caledonia Mining holds various exploration projects in Zambia.

Its main asset in production is BLANKET in Zimbabwe and its main exploration properties are ROOIPOORT in South Africa and NAMA in Zambia.

http://www.24hgold.com/english/news-company-gold-silver-declares-sixth-quarterly-dividend.aspx?articleid=1368164

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http://web.tmxmoney.com/article.php?newsid=74588197&qm_symbol=CAL

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Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm
God Bless