Caledonia Mining Corporation (CMCL)

[NYBob]

Happy Thanksgiving Day To All -

Market Closed every year in US -
but....
open @ Toronto Exchange TSE -

Caledonia Mining Corporation (TSE:CAL

http://tmx.quotemedia.com/quote.php?qm_symbol=CAL

http://tmx.quotemedia.com/article.php?newsid=46015428&qm_symbol=CAL

Caledonia Mining 2011 Third Quarter Results
TORONTO, Nov. 10, 2011 /CNW Telbec/ -

Caledonia Mining Corporation
("Caledonia") (TSX: CAL)
(OTCQX: CALVF)
(AIM: CMCL London, UK)

Financial Highlights

Gross Profit (i.e. after depreciation and amortization but
before administrative expenses) was $9,364,000
compared to $1,607,000 in the comparative quarter.
This is almost a six-fold increase on the comparative quarter
and is the seventh consecutive quarterly increase in gross
profit.

The average price received per ounce of gold sold during the
Quarter was US$1,737
compared to US$1,241 in the comparative quarter.

Caledonia recorded net profit before tax of $8,442,000.--
compared to $742,000 in the comparative quarter which
represents an 11-fold increase.

At September 30, 2011 the Corporation had no debt
except current trade payables (September 30, 2010 $1,680,000)
and had cash and cash equivalents of $6,847,000
(net debt as at September 30, 2010 $226,000).

Other Highlights

Blanket made payments in respect of direct and indirect taxes,
royalties, licence fees, levies and other payments to the
Government of Zimbabwe during the Quarter totalling
US$3,847,000 (US$3,307,000 - Q2 2011).

Blanket Mine's Occupational, Safety and Health policies and
procedures were audited by the National Social Security
Authority (the "NSSA") as a result of which Blanket was
awarded the NSSA gold medal in the Mining and Quarrying sector
in Matabeleland and the bronze medal across all industrial
sectors in Zimbabwe.

Work on the 4-hole drilling program at the Konkola West area of
the Nama base metals project in Zambia has continued.

At the end of October, 3 holes had been completed and the drill
rig had been moved to the fourth hole.

The conclusions from this program will be provided when
Management has received and evaluated all of the results.



Great Caledonia Mining presentation and confirms my decision to buy more Nov. 2011 -

http://www.caledoniamining.com/pdfs/CALPres11212011.pdf
God Bless