Friday, August 09, 2019 2:19:44 PM
Caledonia Mining completes shaft sinking at Blanket mine -
"We now commence the equipping phase, which will take approximately
12 months, after which we can commence the production ramp-up
towards our target of 80,000 ounces of gold in 2022."
The Blanket Mine; In November 2018, Caledonia announced that it had
signed a legally binding sale agreement to increase its holding in
Blanket Mine to 64%
Caledonia Mining Corporation PLC (LON:CMCL) (TSE:CAL) has completed
the shaft sinking at the new Central Shaft at its Blanket gold mine in
Zimbabwe.
The Central Shaft project has been in progress since early 2015 and
the company has spent about C$44mln sinking a new shaft from the
surface to a depth of more than 1,200 metres.
READ Caledonia Mining maintains 2019 guidance as second-quarter
production ticks up
With the shaft sinking now completed, the project moves to the
equipping phase.
Production from the shaft is expected to commence in the third quarter
of next year, after which production at the mine is expected to ramp up
to the target of 80,000 ounces of gold per year from 2022 onwards.
"Completion of the shaft sinking is an important milestone in
Caledonia's investment plan,” said Steve Curtis, Caledonia's chief
executive officer.
Quick facts: Caledonia Mining Corporation
Price: £4.74
Market: AIM
https://ca.proactiveinvestors.com/companies/news/224406/caledonia-mining-completes-shaft-sinking-at-blanket-mine-224406.html
Grade issues resolved at Blanket Mine says Caledonia Mining CFO Learmonth -
https://www.youtube.com/watch?v=QkjKfiruwDQ
New YouTube video -
Following link is for an interview with the CEO recently done
at a mining conference.
I took special interest in the chart showing the cash flow
increasing significanly in 2020 due mostly to the large
decrease in shaft construction costs.
With over $20 million U.S. in expected cash flow in 2020
the share price should increase significantly.
Presentation: Caledonia Mining Corporation -
121 Mining Investment New York 2019 Spring
https://www.youtube.com/watch?v=9HhLywpU1ag
https://www.caledoniamining.com/
GOLD is Father GOD'S Money!
by Robert Kiyosaki says -
God made gold and silver.
Man made paper to replace gold and silver as money.
Throughout the history of mankind
ALL paper currencies have failed.
It's an inevitable consequence of paper
lacking intrinsic value of gold and silver... simple.
Propaganda to the contrary is an attempt to deceive people
out of their money, their value, the fruits of their labor,
their life savings, their future as independent people
living comfortably as a result of hard work and
planning for retirement their entire adult lives.
All of this is at risk for anyone trusting in paper
or electronic currency, which are only substitutes
for the real money, God's money, gold and silver.
https://www.youtube.com/watch?v=J6YJziTrHII
Stephen Moore of the Heritage Foundation and Sarah Bloom Raskin,
former Federal Reserve governor, discuss Trump's nominees
to the Fed with CNBC's "Closing Bell" team.
https://www.youtube.com/watch?v=_rRQgBNXFn0
In GOD We Trust -
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
"We now commence the equipping phase, which will take approximately
12 months, after which we can commence the production ramp-up
towards our target of 80,000 ounces of gold in 2022."
The Blanket Mine; In November 2018, Caledonia announced that it had
signed a legally binding sale agreement to increase its holding in
Blanket Mine to 64%
Caledonia Mining Corporation PLC (LON:CMCL) (TSE:CAL) has completed
the shaft sinking at the new Central Shaft at its Blanket gold mine in
Zimbabwe.
The Central Shaft project has been in progress since early 2015 and
the company has spent about C$44mln sinking a new shaft from the
surface to a depth of more than 1,200 metres.
READ Caledonia Mining maintains 2019 guidance as second-quarter
production ticks up
With the shaft sinking now completed, the project moves to the
equipping phase.
Production from the shaft is expected to commence in the third quarter
of next year, after which production at the mine is expected to ramp up
to the target of 80,000 ounces of gold per year from 2022 onwards.
"Completion of the shaft sinking is an important milestone in
Caledonia's investment plan,” said Steve Curtis, Caledonia's chief
executive officer.
Quick facts: Caledonia Mining Corporation
Price: £4.74
Market: AIM
https://ca.proactiveinvestors.com/companies/news/224406/caledonia-mining-completes-shaft-sinking-at-blanket-mine-224406.html
Grade issues resolved at Blanket Mine says Caledonia Mining CFO Learmonth -
https://www.youtube.com/watch?v=QkjKfiruwDQ
New YouTube video -
Following link is for an interview with the CEO recently done
at a mining conference.
I took special interest in the chart showing the cash flow
increasing significanly in 2020 due mostly to the large
decrease in shaft construction costs.
With over $20 million U.S. in expected cash flow in 2020
the share price should increase significantly.
Presentation: Caledonia Mining Corporation -
121 Mining Investment New York 2019 Spring
https://www.youtube.com/watch?v=9HhLywpU1ag
https://www.caledoniamining.com/
GOLD is Father GOD'S Money!
by Robert Kiyosaki says -
God made gold and silver.
Man made paper to replace gold and silver as money.
Throughout the history of mankind
ALL paper currencies have failed.
It's an inevitable consequence of paper
lacking intrinsic value of gold and silver... simple.
Propaganda to the contrary is an attempt to deceive people
out of their money, their value, the fruits of their labor,
their life savings, their future as independent people
living comfortably as a result of hard work and
planning for retirement their entire adult lives.
All of this is at risk for anyone trusting in paper
or electronic currency, which are only substitutes
for the real money, God's money, gold and silver.
https://www.youtube.com/watch?v=J6YJziTrHII
Stephen Moore of the Heritage Foundation and Sarah Bloom Raskin,
former Federal Reserve governor, discuss Trump's nominees
to the Fed with CNBC's "Closing Bell" team.
https://www.youtube.com/watch?v=_rRQgBNXFn0
In GOD We Trust -
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
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