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Caledonia Mining Corporation - Q3 2013 Results -
(TSX: CAL, OTCQX: CALVF, AIM: CMCL)

http://www.caledoniamining.com/pdfs/11132013.pdf

http://web.tmxmoney.com/article.php?newsid=63925060&qm_symbol=CAL

http://web.tmxmoney.com/article.php?newsid=63925060&qm_symbol=CALVF:US




Caledonia Mining sees earnings rise as cost-cutting drive
accelerates
By Jamie Nimmo November 13 2013, 7:12am

The ‘all-in’ cost fell to US$999 an ounce in the third quarter
from US$1,211 in the previous quarterThe ‘all-in’ cost fell
to US$999 an ounce in the third quarter from US$1,211 in the
previous quarter

Caledonia Mining Corporation
(LON:CMCL, TSE:CAL) welcomed a rise in quarterly earnings as the
total cost of producing gold at its 49%-owned Blanket mine in Zimbabwe
dropped below US$1,000 an ounce.

The ‘all-in’ cost fell to US$999 an ounce in the third quarter
from US$1,211 in the previous quarter, which, combined with
gold sales of 12,042 ounces, up from 11,588 ounces in the second
quarter, helped earnings climb from 5.8 cents a share
to 7.2 cents.

The lower average gold price achieved in the period of
US$1,330 an ounce, from US$1,368 in the prior three months,
resulted in a reduction in the royalty component of
the all-in cost per ounce.

The company produced more gold in the quarter thanks to a higher
realised grade of 4.03 grams per tonne (g/t) compared with 3.82
g/t in the second quarter and a slightly better gold recovery of
93.6%.

Revenues were lower than last year at C$16.6mln, but a tighter
operation meant a
net profit of C$4.6mln against a loss of C$9.2mln the year before.

Caledonia insisted it is on track to
produce around 44,000 ounces of gold in 2013.

The company ended September with C$23.9mln in cash, having finished
the same period last year with C$22.8mln.

Stefan Hayden, Caledonia’s president and chief executive, said:
“The third quarter of 2013 presented continued challenges due to
the prevailing lower gold price.
“In response to the lower gold price, Caledonia, working with
Blanket management, has introduced measures to increase mine
production from approximately 1,030 tonnes per day (tpd) in Q1
2013, to approximately 1,075 tpd in the second quarter and to
1,110 tpd in the third quarter.”
He added: “As a low-cost producer with a robust balance sheet,
Caledonia is well-positioned to continue to implement its growth
strategy, notwithstanding the current volatility in the gold
price.”

http://www.caledoniamining.com/pdfs/11132013.pdf

CALVF significantly increase production capacity to 48,000 ounces of gold per annum

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http://www.bus-ex.com/article/caledonia-mining-corporation

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not recognized -
Breaking News 27 mins ago

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http://investorshub.advfn.com/Caledonia-Mining-Corporation-CALVF-5294/
God Bless