Overview
We have written notes that explain how the fund works: “Expansion boosts bottom line“, “A Golden Opportunity?“, “18% production increase boosts earnings“, and “Discounted gold”
You can access the company’s website by clicking here.
Fundamentals
Price
Research History
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05 Jul 2018
Caledonia Mining - Discounted gold
Caledonia Mining – Discounted gold – Caledonia Mining (Caledonia) has had a good start to 2018 and its share price is up 22.5% year to date. Caledonia produced 56.1koz of gold during 2017, marginally beating its guidance for production of 54-56koz, despite suffering from electricity shortages and underground logistical issues (which it says that it […]
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05 Jul 2018
Caledonia Mining - Discounted gold
Caledonia Mining – Discounted gold – Caledonia Mining (Caledonia) has had a good start to 2018 and its share price is up 22.5% year to date. Caledonia produced 56.1koz of gold during 2017, marginally beating its guidance for production of 54-56koz, despite suffering from electricity shortages and underground logistical issues (which it says that it […]
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03 Apr 2017
Caledonia Mining - A Golden Opportunity?
Caledonia Mining – A Golden Opportunity? Marten and Co publishes its first initiation of coverage note on Caledonia Mining Caledonia Mining (CMCL) is a gold mining company that produced 43,000 ounces (43koz) of gold from its mine in Zimbabwe in 2015 and is investing a total of over US$50m from cash flow, with the aim […]
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03 Apr 2017
Caledonia Mining - 18% production increase boosts earnings
Caledonia Mining – 18% production increase boosts earnings Caledonia Mining (Caledonia: CMCL) achieved targeted gold production of 50,400oz (50.4koz) in 2016, an 18% increase on 2015, after processing a record quantity of ore at its Blanket mine. The company is aiming to increase production by a further 20%, to around 60koz of gold, in 2017 […]
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03 Apr 2017
Caledonia Mining - 18% production increase boosts earnings
Caledonia Mining – 18% production increase boosts earnings. Caledonia Mining (CMCL) achieved targeted gold production of 50,400oz (50.4koz) in 2016, an 18% increase on 2015, after processing a record quantity of ore at its Blanket mine. The company is aiming to increase production by a further 20%, to around 60koz of gold, in 2017 as […]
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15 Aug 2016
Caledonia Mining - Expansion boosts bottom line
Caledonia Mining – Expansion boosts bottom line Caledonia Mining (CMCL) produced 23,300oz (23koz) of gold in H1 2016, a 14% increase on H1 2015, indicating that its investment in infrastructure to expand production is already bearing fruit. The company is on schedule to produce around 50koz of gold in 2016 (2015: 43koz). Moreover, EPS for […]
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15 Aug 2016
Caledonia Mining - Expansion boosts bottom line
Caledonia Mining (Caledonia) produced 23,300oz (23koz) of gold in H1 2016, a 14% increase on H1 2015, indicating that its investment in infrastructure to expand production is already bearing fruit. The company is on schedule to produce around 50koz of gold in 2016 (2015: 43koz). Moreover, EPS for H1 2016 was US7.7c, an improvement of […]
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28 Jul 2016
Caledonia Mining - A Golden Opportunity?
Caledonia Mining (Caledonia) is a gold mining company that produced 43,000 ounces (43koz) of gold from its mine in Zimbabwe in 2015 and is investing a total of over US$50m from cash flow, with the aim of almost doubling production by 2021. The company is a profitable gold producer that has been paying a quarterly […]
News
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20 Apr 2017
Caledonia’s Blanket gold mine ups Q1 production by 18% year-on-year
Caledonia Mining’s Blanket gold mine, in Zimbabwe, produced 12.8koz of gold in Q1 2017, an 18% increase on Q1 2016. Production continues to be supported by access to resources below the 750m level through the development of a second decline into the AR Main ore body as well as through the current decline at AR […]
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22 Mar 2017
Caledonia’s adjusted EPS rises 143% to US$21.4c per share
Caledonia Mining has reported comprehensive 2016 earnings of US$11.1m against US$5.6m for 2015. When adjusted to reflect underlying performance, EPS was US21.4c against US8.8c a year earlier, an increase of 143%. The company has a 49% interest in the 100-year-old Blanket gold mine, in Zimbabwe, although, through the structure of its indigenisation arrangement, it participates […]
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05 Oct 2016
Caledonia’s Blanket mine increases quarterly gold production by 23%
Caledonia Mining Corporation produced 13,430oz of gold from its Blanket mine in Q3 2016, a 23% increase on the corresponding quarter of 2015. Production was also up over 7% from Q2 2106. The increases come from greater ore mined at higher grade from the deeper levels of the mine, below 750m, utilising the recently-completed No […]
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12 Oct 2015
Caledonia’s Blanket mine on track to produce 42 koz of gold in 2015
Caledonia Mining Corporation reports that the Blanket mine, in Zimbabwe, produced almost 11 koz of gold in Q3, taking gold production for the first nine months of the year to 31.3 koz (9 mnth 2014: 31.3 koz) The company expects the mine to achieve its target production for 2015 of 42.0 koz of gold. 49%-owned […]
