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.
Why the decline from $27? Yes, gold prices have come back a bit, but not enough to warrant this haircut, imo.
CMCL stock spilt? LOL. It would be incredibly stupid for CMCL management to split a $20 stock.
NY Bob............ I wonder at what point, Cmcl would consider SPLITTING the stock..
Would not be surprised that we see a dividend increase in the next six months
Loving this stock. Wish I had more.
Caledonia Mining Corporation “gold miners are currently cream of the equity crop” say WHIreland
Article by: Darren Turgel 13th July 2020
https://www.directorstalkinterviews.com/caledonia-mining-corporation-gold-miners-are-currently-cream-of-the-equity-crop-say-whireland/412841166
Caledonia Mining Corporation plc (LON:CMCL) is the topic of conversation when WH Ireland’s Analyst Paul Smith caught up with DirectorsTalk for an exclusive interview.
Q1: With gold as high as it is and a solid production being delivered does this impact your forecast in any way?
A1: The current gold price – now above $1,800/oz for the first time since its last high in 2011 – is only good news for revenue, profit and cash generation from the mine. We will look to revisit our forecasts later in the year as the story of the inexorable gold price rise unfolds. We currently use a $1,685/oz gold price for 2020 and suffice it to say if the gold price remains above $1,800/oz for a sustained period we will have to provide an upward revision to our forecasts.
Q2: What are the longer-term prospects for Caledonia Mining Corporation?
A2: A gold price rise of 30% YOY has seen the market cap valuations, on average, of global gold producers double; CMCL is no exception with its market cap rising 185% over the same period. Gold miners are currently cream of the equity crop in our opinion and will generate strong profits and cash flow and in all likelihood raise their dividends. In the company’s case it is the in the final stages of a funded development program at Blanket which will guarantee a strong production pipeline with low-cost, high margin production and a long future for the mine. It has already raised its dividend twice this year (to 35c/yr, currently yielding 2.7%) and looks set for a record 2020. This is a pivotal year in Caledonia Mining Corporation’s evolution and it remains right on track, in our view, to deliver significant returns to its shareholders over the coming years.
Click here to be notified of future articles like this
or set a free stock price alert for your favorite stocks
Join us on our new LinkedIn page
Follow us on LinkedIn
You can read the full CMCL archive by clicking the EPIC code.
Dividen should come back.
This has been on of my best performers for this year.
Caledonia’s gold output sparkles despite pandemic
10 JUL, 2020 - 00:07 0 COMMENTS 1 IMAGES
Caledonia’s gold output sparkles despite pandemic
Business Reporter
Caledonia Mining Corporation, which owns Blanket Mine, says it has increased quarterly output by over 12 percent in the first half despite the challenges created by the coronavirus pandemic.
The miner described its production performance in the last quarter as an outstanding achievement, with gold output rising 6,2 percent at 13 499 ounces in the three months ended June 30, 2020.
It marked production for the first half of 2020 at 27 732 ounces, up 12,5 percent versus the same period last year.
“The production of 13 499 ounces in the second quarter is an outstanding achievement given the challenges faced during the quarter as a result of the Covid-19 Pandemic,” Steve Curtis, Caledonia’s chief executive said in a statement.
Curtis added: “For production to be 12.5 percent ahead of the corresponding 2019 level at the half-year stage leaves us well placed for the full year and on track to meet our full-year guidance of 53 000-56 000 ounces.
“This strong performance and high gold prices have ensured that the business remains on a very solid foundation as we prepare for the next phase of our growth with the completion of the central shaft in 2020 and increased production to 80 000 ounces by 2022.”
Meanwhile the miner is still expecting to close the year with its forecast production output of between 53 000 to 56 000 ounces.
By 2022, production is expected to have reached 80 000 ounces
Share This:
https://www.herald.co.zw/caledonias-gold-output-sparkles-despite-pandemic/
Jim Sinclair – Debt Jubilees Everywhere True Gold Price Is $87,500 Per Ounce -
Few companies know how to operate in Zimbabwe
Zimbabwe’s Landela agrees to buy state-owned gold mines, seeks more assets
HARARE —
Zimbabwe’s Landela Mining Venture has reached agreements to take over and
revive four idle state-owned gold mines and is in talks to buy more assets
from a privately-owned bullion producer, its chief executive said on
Friday.
https://www.thezimbabwean.co/2020/07/zimbabwes-landela-agrees-to-buy-state-owned-gold-mines-seeks-more-assets/
CMCL should be in the bidding next )
It's plenty of old mines -
ZIM used to produce gold as front runner
for Africa -
God Bless
The possibility of reinstating the dividend is another catalyst.
Here are good reasons to buy CMCL Terrific news -
The quarterly dividend has been raised to .085 cents -
Ex....
#1: Gold protects against downturns in the stock market....
#2: Unlike the dollar, gold maintains its purchasing power over time....
#3: No matter what happens to the dollar, gold can be used as currency
around the world....
#4: Blanket Mine has the mill capacity to go 3 work shifts -
24 hrs per day and with the new shaft >
to double & triple the gold production - )
which
the Zim Gov. want and real need )
Imo!
CMCL going back UP )
fast down - fast UP -
https://www.caledoniamining.com/investors/tsx-delisting/
http://www.caledoniamining.com
https://www.caledoniamining.com/operations/blanket-gold-mine/
https://www.caledoniamining.com/investors/share-price-information/
https://www.caledoniamining.com/investors/advisers/
In GOD We Trust -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
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 America
Ps.
opinion appreciated
TIA
Excellent increase in Stock Price today.
Current stock Price at 3:33 pm is $16.90..........
$16.90 divided by $3.67 earnings = 4.6 PE............... If the AVERAGE STOCK SELLS AT 10 PE, DOES IT APPEAR THAT CMCL WILL SELL AT THE RATE OF
$46.00.....................
AND WITH THE INCREASED DIVIDEND, WHAT A OVERALL PAYOUT.................
Once again the ugly, the never ending, sky high political & economic risk of doing business in the reviled Zimbabwe is causing mass selling & a declining stock price despite $ 1750+ gold prices & managements claim that Blanket fundamentals are very strong. Even a raise in the dividend is not enough to offset the very high political & economic Zimbabwe risk. Bottom line, ZIMBABWE IS A BASKET CASE ECONOMICALLY & POLITICALLY......................................................................
Zimbabwe: On the edge again?
Zimbabwe is being buffeted by its worst economic crisis in over a decade, including scarcity of basics like fuel and cornmeal
Agence France-Presse
@afp
Published 11:30 PM,
HARARE, Zimbabwe – A Zimbabwean shopper in a Harare supermarket shook his head, grumbling as he returned a loaf of bread to a rack after finding the price had jumped by a third and he could no longer afford it.
Nearby, a more than kilometer-long (half-mile) queue of cars waited for petrol at an empty fuel station in the hope it would receive a delivery.
Zimbabwe is being buffeted by its worst economic crisis in over a decade, including scarcity of basics like fuel and cornmeal.
Prices of basic goods gallop every week as the value of the Zimbabwean dollar continues to tumble, pushing official annual inflation to 785.6% in April.
Poverty is deepening among the majority of the population – United Nations aid agencies say some 7.7 million people, or half of the population, require food assistance.
A loaf of bread went up 36% last month and last week a 10-kilo (22-pound) sack of cornmeal jumped 30%.
'Things cannot continue this way'
On Wednesday, June 24, the price of fuel soared by up to 152%. A similar rise in January 2019 sparked countrywide demonstrations in which at least 17 people were killed.
"Things cannot continue this way. These people should just admit they have failed," said Harare resident Timothy Bhaureni, referring to President Emmerson Mnangagwa's government.
Mnangagwa, who took power in 2017 following a military coup pledging to revive the moribund economy, now blames the economic malaise on unnamed "political detractors."
"We are witnessing a relentless attack on our currency and the economy in general through exorbitant pricing models," Mnangagwa told his ZANU-PF party's politburo on June 10.
"This battle is being fueled by our political detractors, elite opportunists and malcontents who are bent on pushing a nefarious agenda," he added.
"It has become apparent that among us there are wolves in sheep's clothing," he said last week.
'Economic sabotage'
In a dramatic move, and adding confusion to an already restless population, the government on Friday night, June 26, suspended all mobile money transactions, the most widely used platform to make and receive payments in the crisis-ridden country.
It took the decision "to deal with malpractice, criminality, and economic sabotage."
But in a notice, the largest operator EcoCash, defied the order, urging its more than 10 million users to continue transacting.
The hardship and chaos has spurred discontent among ordinary people.
The Zimbabwean authorities have in recent weeks targeted opposition activists and lawyers in what is seen as a tactic to strike fear into the population.
An opposition lawmaker and two party activists were last month abducted and then tortured by unidentified men, according to the victims, who spoke from the hospital where they were being treated.
Police later arrested the trio, accusing them of faking their abduction and torture.
'Instability, the new normal'
Three weeks ago, security forces suddenly heightened security, turning back cars and buses heading into the center of the capital, spawning speculation about a possible looming coup.
Rumors of an impending coup were quickly dismissed at a rare press conference attended by the country's security service chiefs.
"There is no coup in the making," declared Home Affairs Minister Kazembe Kazembe.
University of Zimbabwe's political scientist Eldred Masunungure said the situation "points to volatility in the country, a comprehensively volatile situation both politically and in the economy where it's very visible as it affects the livelihoods of the vast majority of the people."
"Nothing points to stability, but I don't want to overstate this because we have reached this crossroads many times before and the country has not collapsed."
"The default position in the country is one of instability. It appears like the new normal," he said.
Economist Prosper Chitambara of the Labour and Economic Development Institute of Zimbabwe think tank said Zimbabwe was on the brink of another round of hyperinflation.
The country's inflation breached the 500-billion-percent mark in 2008, forcing it to trash its own currency.
"We are headed for tough times with the loss of value of the local currency. The economy is not growing," said Chitambara.
"We are on the verge of hyperinflation. This increases economic uncertainty which is detrimental to private sector investment," he said.
The World Bank predicts Zimbabwe's economy will contract by 10%.
Terrific news. The quarterly dividend has been raised to .085 cents.
thanks Bob
CMCL going back UP )
fast down - fast UP -
Caledonia Mining Cor (CMCL)
15.7295 + $3.3695 (+27.26% )
Volume: 304,229 @06/23/20 11:33:35 AM EDT
Bid Ask Day's Range
- - 14.8001 - 16.0
https://www.caledoniamining.com/investors/tsx-delisting/
http://www.caledoniamining.com
https://www.caledoniamining.com/operations/blanket-gold-mine/
https://www.caledoniamining.com/investors/share-price-information/
https://www.caledoniamining.com/investors/advisers/
In GOD We Trust -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
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 America
Ps.
opinion appreciated
TIA
well I picked up just over a thousand shares I thught it was risky but this has been a great stock
I thought may a mine shut down which would be a short term issue
With delisting from Toronto stock exchange I think someone wanted to get in cheap.
what is causing this drop the new shares seemed to cause a pop. DId a mine get closed?
One of my best performers this year. And to think I bought it for the dividends
Caledonia Mining Corporation Gold price brings forward higher cash flows says WHIreland
Posted by: Amilia Stone 29th May 2020
https://www.directorstalkinterviews.com/caledonia-mining-corporation-gold-price-brings-forward-higher-cash-flows-says-whireland/412826041
Caledonia Mining Corporation plc (LON:CMCL) is the topic of conversation when WHIreland’s Analyst Paul Smith caught up with DirectorsTalk for an exclusive interview.
Q1: Paul, you published a note on the pricing of Gold over the last couple of days, what kind of changes have you noted in the price?
A1: The gold price has been one of the bright spots of the current crisis in our view. The price was already rising, before Corona virus took hold, from mid-2019 on geopolitical and trade concerns, but has since carried on its upward trend and is now comfortably sitting above $1,700/oz – an increase of +30% YOY. The impetus now being with gold a safe haven and with every expectation that the money printing presses will be turned on to rescue the global economy in the coming recession. We do not know where the price will stop and will be keeping a keen eye on developments as the year progresses.
Q2: What effect is this having on gold mining companies?
A2: The effect of this price rise on gold companies has been extraordinary. An investor in a leading, producing gold company (in the UK or elsewhere) 12 months ago would, on average, have seen their investment double today (+100%). We stress this is an average for the peer group we look like and there are obviously individual circumstances within that group but overall valuations have improved markedly.
There has even been a rise in the valuation of the gold exploration equities on average with more interest in those companies seeking to discover the next generation of gold mines. This is a welcome return to interest in this sector, which had been starved of capital.
Q3: Are there any negative effects?
A3: There are very few negative effects for the industry of a rising commodity price environment! Most gold mining companies will report strong profits and cash flow generation and, we expect, an increase in dividends back to shareholders. We would expect gold mining companies to resist ‘expensive’ M&A this time around at this part of the cycle. In previous high price periods we have seen a significant price paid for equity which has led to large write-downs on the other side – we expect that companies should be more restrained this time around.
Q4: Looking forward, what indicators should we be looking out for that will affect Gold prices?
A4: A negative indicator for gold will be a better than expected economic recovery or a less severe recession – both of which will not be fully determined for quite some time. We expect the printing of paper assets, aimed at reducing the economic damage, to ensure a higher gold price for longer, and also to reset the base that the gold price could fall in the next downturn.
Q5: Of the companies you look which looks best placed to benefit from the strong price increase ?
A5: While we only look carefully at a small subset of the market, the company that has most benefitted from the sustained gold price increase has been Caledonia Mining Corporation which is in the final stages of a funded expansion at its Blanket Gold mine in Zimbabwe. The completion of the Central Shaft later this year will see the ability for the company to raise production to over 80koz by 2021 and make full use of the defined resource at depth in the middle of the mine. This low cost and productive mine has been the mainstay of the company for over a decade now with the cash flow from the mine funding its own expansion as well as paying for a company dividend. The increased gold price will bring forward higher cash flows which we in our view will enable higher, progressive dividends as well as allowing Caledonia to pursue M&A opportunities in wider Zimbabwe.
Caledonia Mining Corporation plc 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.
Click here to be notified of future articles like this
or set a free stock price alert for your favorite stocks
Join us on our new LinkedIn page
Follow us on LinkedIn
If the divided continues to be paid & is raised significantly, the stock could trade around $20. The fact that CMCL is located in the very high political & economic risk reviled Zimbabwe is why CMCL is not trading at about $20 right now
Spicknspan....... The DIVIDEND is being PAID this WEEK...........
If the dividend came back, we would see $20 @ share
If I remember correctly there was a RS. Most of my shares were abought at .10
"From .03 to $16.00........... That is what one calls ACCOMPLISHMENT............... Who says otherwise, does not know what they are talking of".......A one year $463/oz increase in the price of gold & the crucial CMCL dividend is the accomplishment.
Since the Zimbabwe government repealed the indigenisation law that forced CMCL to sell 51% of Blanket, why doesn't CMCL now own 100% of Blanket as it did before the law was passed?
To REALIZE what CMCL Management had to go thru in the days of Robert Mugabe for years, to grow this Company. To REALIZE what CMCL Management had to endure with Zimbo Inflation and the Nazis that were in control of the country, and its financial calamities of INFLATON, Celebrate Stockholders, and understand that Cmcl Management has increased this Company's stature thru the years, when the Naysayers said, "IT COULD NOT BE DONE"...................... From .03 to $16.00........... That is what one calls ACCOMPLISHMENT............... Who says otherwise, does not know what they are talking of.......
CMCL breaks out to a new 52 week high on heavy volume. Terrific time to raise the dividend with gold over $1700/oz.
I agree. The should reinstate and raise the dividend. Met management on their last road show. Happy with the price, but I bought it for the dividend.
The reason the share price plunged after the news release is CEO Steve Curtis put the future payment of the quarterly dividend in doubt..."The board will review Caledonia’s future dividend distributions as appropriate while considering the balance between delivering returns to shareholders and pursuing the significant growth opportunities within Zimbabwe and in line with a prudent approach to financial management.” ...Curtis is clearly ignorant of the fact that the overriding reason CMCL shareholders own & potential gold stock & income seeking investors would buy CMCL is because of the dividend. The dividend is the reason that gold stock investors would buy a one mine only stock located in Zimbabwe, a country that has extremely high political & economic risk. There are many other gold stocks to choose from that are located in countries with much less political & economic risk than Zimbabwe. Without the dividend the CMCL share price would be much lower with far less volume. Blame the price decline on Curtis for his ignorance & insensitivity of how important the dividend is to the CMCL shareholders & the share price.
NYBob,
Continue my holdings here, serious family health issues.
Thanks for reaching out.
chevy56
GLTA
Caledonia gold production up -
Southern Africa focused gold producer Caledonia Mining Corp has reported
a 20% year-on-year production gain in the March quarter, citing operational and management improvements.
https://www.miningmagazine.com/operational-excellence/news/1386754/caledonia-gold-production-up
Underground Mining > Operational-excellence12 May 2020CommentsShare
Gold production rose to 14,233oz in the March quarter of 2020
from 11,948oz a year earlier, while tonnes mined and
milled increased by 15%.
Bw Business News: Caledonia Mining -
82 views•Apr 30, 2020
Caledonia Mining declares quarterly dividend and encouraged by continued operations at Blanket -
716 views•Apr 30, 2020
CMCL Caledonia Mining Cp Intraday Analysis Add to Watch List FAQ
Symbol Last Trade Date Change Open High Low Volume
CMCL 13.82 May-08-2020 0.33 13.49 13.85 13.42 75,500
Note: Canadian symbols now end in .c i.e SYMB.C
Analysis Overall Short Intermediate Long
Bullish (0.37) Bullish (0.46) Bullish (0.42) Neutral (0.22)
http://www.stockta.com/cgi-bin/analysis.pl?symb=CMCL&cobrand=&mode=stock
God Bless
Afford to pay the dividend? At $1600 gold, the dividend should have be raised.
Looks like they can afford to pay the dividend again.
Caledonia Mining Corporation Plc New High CAN$ 19.05 )
TSX Exchange | May 8, 2020, 4:11 PM EDT | Real-time price
logo
CAL $ 19.00 RT
CHANGE
Plus 0.15 (0.7958%)
VOLUME
10,433
Day Low: 18.90
Day High: 19.05
52 Week Low: 7.06
52 Week High: 18.90
They better reinstate the dividend next qtr
Responding to the all important dividend being restored, Caledonia mining on the Toronto exchange has made a new 52 week high.
Bowing to shareholder pressure, CMCL management, realizing that they made a big time blunder by panicking & cancelling the April dividend for no valid reason, have now reinstated the April dividend that was wrongly cancelled.
Caledonia Mining declares quarterly dividend as Blanket mine operations continue
The company said Blanket’s supply chain was now “close to normal” and the mine was re-establishing full production after having operated at 93% of capacity during lockdown in Zimbabwe
Caledonia Mining Corporation PLC - Caledonia Mining declares quarterly
dividend as Blanket mine operations continue
Caledonia Mining Corporation PLC (LON:CMCL) (TSE:CAL) has declared a
quarterly dividend of US$0.07 per share after having deferred the
payment at the start of April.
However, since then, the AIM-listed firm said, it has been “encouraged”
by continued operations at its Blanket mine and the re-opening of
important supply lines.
READ: Caledonia Mining sees sharp increase in first-quarter production
The company said Blanket’s supply chain of consumables and spares parts
was now “close to normal” and the mine was re-establishing full
production after having operated at 93% of capacity during lockdown in
Zimbabwe.
Caledonia also said it has committed to making weekly donations to
coronavirus-related projects in Zimbabwe to combat the spread of
the disease.
"Blanket Mine has continued to operate during the recent regional shut
down: it has paid its workers, suppliers and the Zimbabwe tax
authorities as usual; and it has continued to generate substantial
foreign exchange for Zimbabwe”, Caledonia chairman Leigh Wilson
said in a statement.
"Our ability to make this dividend payment whilst at the same time
making larger contributions to the fight against [coronavirus] is
testament to the resilience of our business…Our balance sheet remains
in an enviable position and the dividend remains comfortably
affordable.
Today's announcement is a continuation of the prudent approach to
capital allocation that we have followed for several years - a path
that we expect to continue", he added.
https://www.proactiveinvestors.co.uk/companies/news/918379/caledonia-mining-declares-quarterly-dividend-as-blanket-mine-operations-continue-918379.html
Quick facts: Caledonia Mining Corporation PLC
Price: 996 GBX
AIM:CMCL
Market: AIM
Market Cap: £109.52 m
Follow
2019-10-28
2020-04-28
The proxies for the annual general meeting have been sent to CMCL shareholders. All CMCL shareholders should vote AGAINST the incompetent management team of Steve Curtis, Dana Roets & Mark Learmonth, Send these blundering, over compensated, anti shareholder bozos a strong message that the CMCL dividend is the primary reason that gold stock & income seeking investors own or would buy CMCL stock & that cancelling the dividend is NOT in the best interest of the shareholders & is totally unacceptable.
At $1700 gold, CMCL should be making big time profits & the share price should be at least $15. However, CMCL is now a very undervalued & laggard gold stock because of the ignorance, incompetence & stupidity of the CMCL way overcompensated management team of Steve Curtis, Dana Roets & Mark Learmonth. These clowns PANICKED & cancelled the April dividend for no valid reason. The share price & all CMCL shareholders are now paying a very steep price for CMCL management's ignorance & stupidity.
Caledonia Mining Corporation T.CAL has been listed on
stockhouse.com BB forum for 30yrs.+ but T.CAL and CMCL:US are
not to be found on Sth. currently - ? - is it a temporarily
error or what???
TIA
CMCL share price would have already had a break out & a new high if CMCL incompetent, anti shareholder management had NOT cancelled the April dividend.
Followers
|
98
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
5874
|
Created
|
03/01/06
|
Type
|
Free
|
Moderators |
[/chart]
Presentation welcome to CALVF -
CALVF's A target production rate of 100,000 oz per annum -
http://www.caledoniamining.com/blanket4test2.php
CALVF's BLANKET GOLD MINE Production Au 40,000 oz/year
http://www.caledoniamining.com/pdfs/CALPres05262011.pdf
http://www.caledoniamining.com/pdfs/CALPres05192011.pdf
http://www.caledoniamining.com/blanket2test2.php
http://www.caledoniamining.com/blanket3test2.php
CALEDONIA MINING CORP.
A Profitable Gold Miner! (CAL:TSE) (CALVF:US) (AIM,LONDON:CMCL)
http://www.caledoniamining.com/blanket.php
CALVF Production Cost Au $585.-- per ounce -
79th Minesite Forum - Caledonia Mining Corporation - Mark Learmonth -- 19/05/2011
http://www.youtube.com/watch?v=GsyJrcDDsEw
http://www.caledoniamining.com/pdfs/Pres_01282011a.pdf
http://www.caledoniamining.com/pdfs/Pres_01282011b.pdf
http://www.caledoniamining.com/pdfs/Pres_09102010.pdf
CALEDONIA MINING CORPORATION
Blanket Gold MineBackgroundLocated in the south-west of Zimbabwe Blanket Mine is wholly owned and operated by Caledonia, having been acquired from Kinross Gold Corporation in June 2006. The mine is 560 kms from Harare, the capital city and 150 kms from Bulawayo, the country's second largest city. The provincial capital of Matabeleland South, Gwanda town is 16 kms from the mine.Access to the mine is by an all-weather tarred road to Gwanda, which is linked to Bulawayo by a national highway. | Blanket Gold Mine - Zimbabwe | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The main railway line from South Africa passes through Gwanda. An airstrip on the outskirts of Gwanda caters for light aircraft. Blanket mine has been producing gold since the time of the ancients. However recorded production started in 1904. Early workers tended to pick the native gold "eyes" from the pay shoots. Significant production milestones were in 1965 when Falconbridge acquired the property and immediately introduced a production culture commensurate with multinational corporations by increasing gold production to some 45 kgs/month on average and in 1993 when Kinross took over the property and built a CIL plant to add the treatment of the tailings pile to the run-of-mine ore. Gold production peaked at an average of 110 kg/month during the tailings treatment years from 1995. However tailings treatment is now completed. To date in excess of 1 million ounces of gold have been produced from the property. HistoryAfter being worked by the ancients before the 19th century, the Blanket claims were acquired by the Matabele Reefs and Estate Company who subsequently mined no less than 128 000t from 1906 to the end of 1911. From 1912 to 1916, the Forbes Rhodesia Syndicate mined some 23,000t. The period from 1917 to 1941 has no reliable records. It is possible the mine lay dormant as this was a period of geopolitical instability. In 1941, F.D.A. Payne resumed mining activities accounting for some 214,000t before selling the property to Falconbridge in 1964. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The property became a significant producer from 1965 when the then new owners, Falconbridge, introduced a production culture commensurate with multinationals producing some four million tonnes of ore up to the end of September 1993, when Kinross Gold Corporation, took over the property. Kinross immediately put into place a program of further increasing production by adding the treatment of the tailings dumps to the run-of-mine stream. By the end of 2005 the property had produced in excess of 1 million ozs of gold since records were kept. Caledonia Mining Corporation acquired the Blanket Mine effective as at April 1, 2006. Property GeologyThe geology consists of a basal felsic unit of no known mineralisation presence. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
It is generally on this lithology type that the various tailings disposal sites are located. Above this unit are the ultramafics that include the banded iron formations hosting the eastern dormant cluster and the ore bodies of the nearby Vubachikwe complex. The active Blanket ore bodies are found in the next unit, the mafics. | #1 Conveyor feeding the two Surface Primary Jaw Crushers | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The tables below summarize the RESERVES AND RESOURCES at December 31, 2008 Cautionary Note to U.S. Investors - the United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Caledonia uses certain terms in this website - and in some cases press releases - such as "measured", "indicated", and "inferred" "resources", which the SEC guidelines generally prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F which may be secured from Caledonia, or on the SEC website at: http://www.sec.gov/edgar.shtml.
(i) 1 tonne = 1,000 kilograms = 2,204.6 pounds Some numbers may not add due to rounding Mr. David Grant, C. Geol., FGS, Pr. Sci. Nat., an independent consultant is the "Independent Qualified Person" for Blanket's reserves and resources as required by National Instrument 43-101 of the Canadian Securities Administrators. Mr Grant's Independent Report on Caledonia's acquisition of the Blanket Mine as required by NI 43-101 is available in the "Investor Centre-Technical Reports" section of this website. This report has also been filed on SEDAR and is available at www.sedar.com.
|
|
Blanket Gold Mines -
has been producing gold since the time of the ancients time since
before King Solomon's Mines :
Blanket Gold Mines commenced the production ramp-up to
the targeted annualized rate of 40,000 ounces of gold
by the end of 2010.
http://www.caledoniamining.com/pdfs/01242011.pdf
http://www.caledoniamining.com/
Caledonia Mining Corporation (CAL)
Exchange: Toronto Stock Exchange
http://tmx.quotemedia.com/quote.php?qm_symbol=CAL
http://www.caledoniamining.com/overview.php
Golden Valley
http://www.docstoc.com/docs/32719706/EERSTELING-GOLD-MINING-COMPANY-LIMITED
Eersteling Gold Mine
Background
The 100% owned Eersteling Gold Mining Company Limited ("Eersteling") is located 36 km south of the city of Polokwane in Limpopo Province of the Republic of South Africa, 300 km north of Johannesburg.
100% interest in Eersteling gold mine located 36 kilometers from the town of Polokwane in the rolling terrain of the Northern Province of the Republic of South Africa.
As of the December 31, 2005, the company had a gold resource estimate of 597,500 tonnes in the Eersteling Mine property
Location of the Eersteling Gold Mine on the map
21
http://edgar.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=6185226-977-370822&SessionID=_-RfHS0AHfsw027Goedgevonden - South Africa
The Corporation holds prospecting rights over the Goedgevonden diamond bearing kimberlite pipe and surrounding area. This property is located approximately 20km north of the Stilfontein gold mine in the Klerksdorp district of the North West Province in South Africa and 200km south west of Johannesburg.
In April 2005 an application for conversion of these rights was submitted in terms of the Mineral and Petroleum Resources Development Act ("MPRDA") and the rights were granted in December 2006. An additional application for New Order Prospecting rights was submitted over an adjoining farm, Eleazar in June 2005. It is expected that this application will be granted shortly as soon as documentary proof of BEE participation has been presented.
Previous prospecting activities carried out in the mid 1970's on Goedgevonden indicate that the pipe is oval in shape and covers a surface area of approximately 0.27 hectares. This work also confirms that the pipe was drill intersected at a depth of 425 meters, and that further down-dip extensions remain undefined. Previous drilling reported an average diamond content of 35 to 45 carats per hundred tonnes of material ("cpht"), with one hole yielding 65 cpht. The Corporation has not completed the work necessary to estimate a resource in terms of NI 43-101 for the Goedgevonden property.
A preliminary drilling program conducted in 2002 consisted of 7", 8" and 12" diameter reverse circulation drill holes, followed by the collection of the drill samples and diamond recovery. Four holes were drilled in the centre of the pipe, three to a depth of 150 meters, and the other to 120 meters. The three remaining holes were drilled to delineate the pipe in more detail. All of the seven holes drilled entered the kimberlite at a depth of about 6 meters, and the four centrally-located holes were stopped whilst still in the kimberlite. A total of about 56 tonnes of drilling sample was collected and processed through a Van Eck and Lurie dense-media separation ("DMS") plant and wet Sortex machine. From the diamond recoveries it was confirmed that the Goedgevonden pipe was diamondiferous, and sufficient gem-quality diamonds were recovered to warrant a larger bulk sample. Geological interpretive work as well as detailed ground gravity and magnetometer surveys were completed during 2003 but there was no further exploration activity on this property as corporate resources were concentrated on the Corporation's other projects which were considered to be of higher priority in adding shareholder value.
Granting of the New Order Prospecting Rights (not yet signed) gives the Company security of tenure. Discussions are in progress with other parties with a view to realizing value by joint venture or disposal of the properties in the Goedgevonden Diamond Project.
Blanket has claims and exploration permits in the vicinity of the existing mine operations.
Blanket intends to undertake exploration on these areas to assess their suitability for further
development as potential satellite operations, feeding crushed ore into the existing
Blanket milling and CIL plant.
Blanket claim incl. many past gold producing gold mines operations ...
Higher target ;)
1 year chart of Copper, Gold and Molybdenum prices:
The super red banksters cults -
Rothschilds World Part 1 "Glen, Rush, Michael...Here's to you boy's"
http://www.youtube.com/watch?v=yhKHwrUA5SM&feature=related
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |