SuperMike welcome to GOLD (Au) PRODUCERS :-) good to see you @ Gold production bargains -
dd..CALVF Gold bargain play - :-) Blanket Production Update and 2012 Outlook - TORONTO, Jan. 24, 2012 /CNW Telbec/ -
Caledonia Mining Corporation -
("Caledonia") (TSX: CAL) (NASDAQ-OTCQX: CALVF) (AIM: CMCL) announces gold production from the Blanket Mine in Zimbabwe during Q4 2011 which ended December 31, 2011.
10,533oz gold produced during Q4 2011, representing an 8.1% increase on Q3 2011 (9,743oz), and a 69% increase on Q4 2010 (6,227oz)
Total 2011 gold production was 35,826oz, a 102% increase over the annual gold production in 2010 of 17,707oz
Targeted 2012 annual gold production of 40,000oz
Blanket Production
The Company is pleased to announce a successful year at the Blanket Mine which produced 35,826oz of gold, an increase of 102% over the previous year.
In accordance with our aim to continuously improve operations at Blanket, the following infrastructure, process and equipment investment programmes were undertaken during the final quarter of 2011:
Considerable work on the refurbishment of the 14, 18 and 22 Level underground haulages continued throughout Q4 and this is expected to be completed by the end of Q1 2012. This programme is essential to support and sustain our increased underground production.
The installation of an automatic cyanide measuring and dosing system on the CIL circuit was commissioned. This installation is providing both better control over, and a detectable reduction in, cyanide usage per tonne of ore milled.
Certain rectification and maintenance work on the 825m deep No4 Shaft was commenced during November 2011. This work is expected to be completed by the end of February 2012 and once completed will allow Blanket to increase the speed of the No4 Shaft Winder, thereby increasing hoisting capacity. As noted in the Q3 MD&A, this work may have an adverse effect on gold production in the first quarter of 2012.
A Belt Scale was installed on the No1 Conveyor Belt so that all ore tonnages delivered from various ore sources such as the 14 Level mid-shaft loading station, Lima, and in due course the satellite properties such as GG and Mascot, can be individually and accurately measured. The re-programed computerised recording system is expected to be commissioned during early February and the system is then expected to facilitate further metallurgical optimisation.
Outlook
Following a year in which Caledonia has increased production at Blanket by 102% to 35,826oz (2010 gold production was 17,707oz), we are now confident that we will be able to achieve our targeted gold production of 40,000oz for the current financial year. Discussions with the Government of Zimbabwe regarding the indigenisation of the Blanket Mine have continued.
Further information regarding Caledonia's exploration activities and operations along with its latest financials and Management Discussion and Analysis may be found at http://www.caledoniamining.com
The Implications Of China Paying In Gold April 23, 2012, at 5:09 pm by Jim Sinclair in the category General Editorial
The implications of China paying for Iranian oil in gold is the most important event in the modern history of gold
1. It is reasonable to assume that China has been threatened with total or at least selective exclusion from the SWIFT system if it pays in any currency for Iranian oil.
2. Gold has been decided by China as the means of making payment for massive international purchases free of the SWIFT system.
3. Other Asian and Middle Eastern nations will now see the gold they hold as money free of Western economic interference.
4. Gold now is not only money free of liability, but also free from interference regarding settlement by the long arm of Western influence.
5. The SWIFT system is becoming ever more a weapon of Western international political will.
6. In case of war anywhere, it is now demonstrated for all to see that only gold will buy the materials required. Paper currencies are under the SWIFT system’s control in settlement.
7. Far from being a barbaric relic, gold is now clearly the money of state survival in every sense.
8. It is reasonable and possible for the supply of physical gold to fall far behind the size of the massive short positions now common to algorithm and hedge fund paper shorts. That will make an effective cover at a reasonable price as compared to a certain day’s close impossible the following day on an exogenous event.
9. It may not be possible to use TA of any nature to determine a price of overvaluation for gold. Should the USA decide to take on China in full out economic war with the physical market totally illiquid, such as through isolation from the SWIFT system, consider the gold price that might result.
Nearing end of the coordinated operation CIGA Eric
We’re closer to the bottom than most realize. That’s what happens when fear rules the day. I will post more about this later. by Eric
The Best Reason in the World to Buy Gold CIGA Eric
Have no doubt, emotions generated by short-term price action will be influencing investor decision-making a hundred years from now. We may have substituted iPad for the telegraph over the past hundred years, but we’re still fairly lousy traders as a species. The real world makes decision based on reality rather than perceptions generated by emotions. Well, at least the real world that stays in business. The Chinese are buying gold while the public panics and sells. Nuf said.
Headline: The Best Reason in the World to Buy Gold
ex.... 10 Gold Producers With Undervalued P/E Ratios. March 11, 2012 by: Simit ... At the time of this writing, the S&P 500 average P/E ratio is 22.86. See the chart ...
6 Apr 2011 – 1) The P/E ratios of gold companies have gone way beyond the fundamentals. The average P/E ratio of gold companies in the NYSE is 72.9, ...
compared to CALVF very low P/E of 3.6, and CALVF has significant increases in their production estimates for 2012,,,, that's about how undervalued & oversold CALVF is compared to most other gold producers -
so with current P/E it may only take 3.6 years of CALVF earnings to earn - the total CALVF market cap :-)
for you, all opinions we need and its very much appreciated - thanks in advance ....I agree.... that is how we live and learn. I actually thank some of my past losses for the lessons. Some get bitter, I think of them as tuition.
ex..CALVF.... I like the fact that they have $10 mln in cash, ZERO long-term debt, a P/E of 3.6, significant increases in their production estimates for 2012, and a share price equal to book value. They made as much money as United States Silver last year and only have a market cap of $45 mln compared to $110 mln for USSIF.
wshaw14 well, I am still ex. in ABX & GG and been since the beginning about 30yrs ago when I started supported them on the first investments forums and is very pleased, to be able to margin the majors to support other good juniors like CALVF :-) -
thanks you, its very good info - One thing I see that is rare in these markets it no dilution. Caledonia is able to fund their exploration to grow value without diluting or dealing with the sharks. I have another one that I thought to have huge potential, but the sharks have devoured it. Calvf is in a great position. Having cash in the bank and a good cash flow is huge. Keeps the sharks from eating the fins and to slow the growth or even devouring the minnow.
Another rare opportunity for CALVF Gold -
Great Shona Mashona Masonic Zimbabwe - the largest Queen Sheba old Gold fields - ex....
Caledonia Mining - a low cost African gold producer -
Well, I agree, looks very interesting, thanks to Falconbridge & Kinross Mining who for long time invested more and more - than US$100 million of old good dollars-
Before CALVF bought it all outright and increased the operation performance to the highest gold production and low cost of $521.-/oz in the last quarter report -
Please, look that infrastructure intact in excellent shape -
with more than 1000 happy high performance mine workers -
history often repeat itself - Queen Sheba - GOLD -
Celtic Woman - Caledonia Queen -
btw..fyi.. CALVF has got very good earnings and has NO DEBT but very valuable hard treasure assets -
please, listen to CALVF CEO on the recent video below; your opinion is appreciated ....
Caledonia Mining - a low cost African gold producer -
Stefan Hayden, President & CEO of Caledonia Mining, talks about a highly profitable gold producer in Zimbabwe, growing production and reducing costs, not needing additional capital to fund indigenisation or make investments, positioned to take advantage of growth opportunities in Zimbabwe, and an exciting copper project in Zambia (March 2012)
Caledonia Mining Corporation (CALVF) Earnings GO HIGHER GEAR -
Caledonia Nama Limited, a wholly owned subsidiary of Caledonia, holds four contiguous Large Scale Mining Licences, which cover approximately 800 square kilometres on the northern extension of the Zambian Copperbelt, one of the richest copper & cobalt belt in the world -
“On behalf of our Board, I would like to thank Aaron for his significant contribution to Barrick’s development. We are fully committed to maximizing shareholder value, but have been disappointed with our share price performance,” said founder and Chairman Peter Munk, as he fired his top executive.
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