Thursday, November 10, 2011 1:03:16 PM
It's a GOLD producer but what the hey! Caledonia Mining 2011 Third Quarter Results http://tmx.quotemedia.com/article.php?newsid=46015428&qm_symbol=CAL
Operational Highlights
Gold produced by the Blanket Mine in Zimbabwe in the Quarter increased by 18% to 9,743 ounces from the 8,226 ounces produced in the 2nd quarter 2011 (the "preceding quarter") and was 97% higher than the 4,935 ounces of gold produced in 3rd quarter 2010 (the "comparative quarter"). This is the sixth consecutive quarterly increase in gold production.
Average gold recovery increased to 93.1% from 92.9% in the preceding quarter and from 91.3% in the comparative quarter reflecting the benefits from investment in improvements to the milling and Carbon-in-Leach ("CIL") circuits.
Cash operating costs at the Blanket Mine in the Quarter were US$583 per ounce of gold produced compared to US$585 in the preceding quarter and US$651 in the comparative quarter.
CALVF Caledonia Mining Corp.(.11) 30-40 thousand ounce per year gold producer based in Zimbabwe.
Website: http://www.caledoniamining.com/index.php
TSX Ticker CAL: http://tmx.quotemedia.com/quote.php?qm_symbol=cal
IHUB: http://investorshub.advfn.com/boards/board.aspx?board_id=5294
Operational Highlights
Gold produced by the Blanket Mine in Zimbabwe in the Quarter increased by 18% to 9,743 ounces from the 8,226 ounces produced in the 2nd quarter 2011 (the "preceding quarter") and was 97% higher than the 4,935 ounces of gold produced in 3rd quarter 2010 (the "comparative quarter"). This is the sixth consecutive quarterly increase in gold production.
Average gold recovery increased to 93.1% from 92.9% in the preceding quarter and from 91.3% in the comparative quarter reflecting the benefits from investment in improvements to the milling and Carbon-in-Leach ("CIL") circuits.
Cash operating costs at the Blanket Mine in the Quarter were US$583 per ounce of gold produced compared to US$585 in the preceding quarter and US$651 in the comparative quarter.
CALVF Caledonia Mining Corp.(.11) 30-40 thousand ounce per year gold producer based in Zimbabwe.
Website: http://www.caledoniamining.com/index.php
TSX Ticker CAL: http://tmx.quotemedia.com/quote.php?qm_symbol=cal
IHUB: http://investorshub.advfn.com/boards/board.aspx?board_id=5294
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