EdisonTV

Caledonia Mining

EdisonTV | Mining | 23/10/2015

Executive Interview - Caledonia Mining

Caledonia Mining (AIM: CMCL) is a mining exploration and development company focused on Southern Africa. CMCL mines gold at its main operating asset, the 49%-owned Blanket gold mine in southern Zimbabwe. It is also advancing a number of promising satellite projects close to Blanket.

In this executive interview, Chief Financial Officer Mark Learmonth provides viewers with an update on the company’s revised investment plan for expanding production at Blanket. He details Caledonia’s method of funding the revised plan at the current gold price, as well as the short- and long-term impact on production costs. Mark briefly discusses recent developments at the exploration projects, GG and Mascot, and concludes by assuring investors that, at the current gold price, Caledonia intends to continue paying its quarterly dividend into 2016.

» Caledonia Mining overview & latest research