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 has since addressed). The company advises that it remains on track to deliver output of 80,000 ounces (80koz) of gold by 2021 (all funded from internally generated cash flow). With capital expenditure peaking this year, there is the potential for a marked improvement in cash-flow generation, opening up the possibility of dividend increases beyond 2019.
QuotedData you with provides access to research on Investment Companies, Investment Trusts and Mining companies. Our aim is to provide you all the information you might need to make your own investment decisions. We cannot offer you advice on your investments.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.