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Caledonia Mining (CMCL)

Business description

Caledonia Mining mines gold at its main operating asset, the 49%-owned Blanket gold mine in southern Zimbabwe. It is also progressing its understanding of a number of promising satellite projects close to Blanket.

FY15 guidance maintained, expansion on track

Update | Mining | 24/08/2015

Caledonia’s Q215 and H115 results indicate Blanket has met all infrastructure and production milestones on budget or ahead of schedule. Cost pressures relating to increased electricity consumption and a lower gold grade have been partially offset by cost savings made closing its Zambian exploration office.

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Stock data

Market cap.£65.9m
Last close620.000p
High / Low (52 weeks)702.5p / 415.0p
Stock market listingLN, CN
Forecast net cash (US$m)14.9
Forecast gearing ratio (%)N/A
TeamResources - Mining

Price performance

Relative *(8.3)(4.7)21.4

* % Relative to local index

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