Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Mark Learmonth, finance chief at Southern Africa-focused Caledonia Mining Corporation (CMCL), says the company intends to lift gold production from its Blanket Mine in Zimbabwe 90% between 2015 and 2020 to 80,000 oz. a year, with all-in costs driven down from $984 (£647) an ounce to a target $750 by 2018, against a present gold price of $1,166.92c an ounce. The AIM-quoted company, whose chief executive officer Steve Curtis has adopted a different approach since taking over from Stefan Hayden last November, has a 49% interest in Blanket, which boasts a measured, indicated and inferred gold resource of one million oz., and has been striving to improve production, grades and profitability there.
Filed under:
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Time left: 22:44:49