Wednesday, November 14, 2012 1:31:02 PM
Gold Producers in both Africa and the World,
it highlighted.
From the mine in Zimbabwe, 12,918 ounces of the yellow metal
were produced - 12 per cent higher than the 11,560 ounces
generated in the second quarter -
Meanwhile, its financial position continued to improve with almost
$25 million of cash on hand.
Analyst Kalachev noted that the firm's cash operating results
were an "outstanding" result compared to the firm's peers.
"We calculate total cash costs including royalties were US$620 per
ounce, which is substantially below the US$750 per ounce
average for London-listed producers," he said in a note.
"This underpins operating cash flow of US$7 million in Q3/12," he noted.
The analyst said that now the indigenisation process is now
complete, the new board has refocused on growth and
approving a capital investment programme that includes
the No.6 Winze development project at
the Blanket mine.
This has the potential to increase production by 70 per cent to
around 70,000 ounces per annum from 2015, he noted.
"As well as the expansion at Blanket, the company is progressing
with its base metal
Nama project (Zambia)
with a view to releasing a copper resource estimate
by June 2013," he added.
"We think this year’s production target of 40,000 ounces looks
conservative, given nine months production of
33,600 ounces," he concluded.
Shares rose today 12.5 per cent, to trade at 7.88p @ CMCL, AIM, London -
http://www.proactiveinvestors.co.uk/companies/news/50312/caledonia-mining-shares-surge-on-record-q3-production-from-blanket--50312.html
God Bless
Recent CMCL News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/24/2024 10:00:09 AM
- Caledonia Mining Corporation Plc: Notification of relevant change to significant shareholder • GlobeNewswire Inc. • 05/24/2024 06:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/23/2024 03:16:20 PM
- Caledonia Mining Corporation Plc: Notification of relevant change to significant shareholder • GlobeNewswire Inc. • 05/23/2024 06:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/20/2024 10:05:07 AM
- Caledonia Mining Corporation Plc: Utilisation of the block admission in respect of ATM Sales Agreement • GlobeNewswire Inc. • 05/20/2024 06:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/15/2024 10:00:13 AM
- Caledonia Mining Corporation Plc: Increases in mineral resources and mineral reserves estimates at Blanket Mine, publication of Annual Report on Form 20-F and notice of a shareholder webinar • GlobeNewswire Inc. • 05/15/2024 06:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/13/2024 03:28:58 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/13/2024 10:05:06 AM
- Caledonia Mining Corporation Plc Results for the Quarter ended March 31, 2024; Notice of Management Conference Call • GlobeNewswire Inc. • 05/13/2024 06:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/09/2024 10:00:09 AM
- Caledonia Mining Corporation Plc Notice of Results and Investor Presentation • GlobeNewswire Inc. • 05/09/2024 06:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/07/2024 06:26:41 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/07/2024 06:25:51 PM
- Caledonia Mining Corporation Plc: Results of Annual General Meeting • GlobeNewswire Inc. • 05/07/2024 11:30:15 AM
- Caledonia Mining Corporation Plc: Notification of relevant change to significant shareholder • GlobeNewswire Inc. • 04/16/2024 06:00:00 AM
- Caledonia Mining Corporation Plc: Notification of relevant change to significant shareholder • GlobeNewswire Inc. • 04/15/2024 06:00:00 AM
- Caledonia Mining Corporation Plc: Issue of Securities Pursuant to Long Term Incentive Plan Awards and Issue of New Long Term Incentive Plan Awards • GlobeNewswire Inc. • 04/10/2024 06:05:00 AM
- Caledonia Mining Corporation Plc Notification of relevant change to significant shareholder • GlobeNewswire Inc. • 04/10/2024 06:05:00 AM
- Caledonia Mining Corporation Plc Blanket Mine Q1 2024 Production • GlobeNewswire Inc. • 04/10/2024 06:00:00 AM
- Caledonia Mining Corporation Plc: Appointment of Chief Operating Officer • GlobeNewswire Inc. • 04/08/2024 06:00:00 AM
- Caledonia declares quarterly dividend • GlobeNewswire Inc. • 03/28/2024 07:03:00 AM
- Caledonia Mining Corporation Plc Results for the Year ended December 31, 2023; Notice of Management Conference Call; Dividend Declaration • GlobeNewswire Inc. • 03/28/2024 07:00:00 AM
- Caledonia Mining Corporation Plc: Notice of Availability of AGM Materials • GlobeNewswire Inc. • 03/27/2024 07:00:00 AM
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM