Caledonia Mining Corp - Making money in Zimbabwe growing gold fields - 11 Oct 2019 CRUX Investor 5.2K subscribers
Interview with Steve Curtis, CEO of gold miner Caledonia Mining Corp. (TSX:CAL, NYSE:CMCL, AIM: CMCL)
The delightful Steve Curtis talks us through business life while Robert Mugabe was in power and life after the dictator was dethroned. How much have things changed and just what is the government doing to making sure the country delivers on its promise to be open for business. We enjoyed learning about Zimbabwe through Steve's eyes. What's clear is the opportunity for miners in country if they can find a good asset. Let's see who comes to the table in the next few years. Caledonia Mining intends to take advantage of their position in country before then.
Caledonia Mining is a very capable if cautious gold mining operation. Their 'new' mine Blanket is ramping up to be a credible producer and the free cash flow from this will give the company options. Investors will want to see what they do with that money and will probably want to see some bolder move towards growth. We appreciate that the company's sensible target profiling. Zimbabwe and Caledonia are well worth a look. It has a certain profile which investors will need to be comfortable before making any decisions but we are comfortable that the team knows how to mine.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.