Caledonia Mining Corporation Plc Results for the Quarter ended 30 June 2018
St Helier, 9 August 2018 –
Caledonia Mining Corporation Plc (“Caledonia” or the “Company”)
announces its operating and financial results for the second quarter of
2018 (“Q2” or the “Quarter”).
Gold production in the Quarter was 12,657 ounces, marginally higher than
the first quarter of 2018 and in-line with expectations.
Adjusted earnings per share (“EPS”) of 35.2 cents were 86% higher
than the corresponding amount in 2017, largely due to an increased
export credit incentive and higher deferred tax adjustments.
Cash generated by operating activities for the Quarter was lower than in
previous periods due to substantial working capital movements. http://www.caledoniamining.com/pdfs/Q2%202018%20Press%20Release.pdf