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18% production increase boosts earnings
”‹Caledonia Mining (Caledonia) 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 part of an internally-funded expansion programme to increase gold production to 81koz by 2020. Earnings per share (EPS) for 2016 was up 78% and earnings before interest, tax, depreciation and amortisation (EBITDA) was...
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)
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).
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 dividend since the beginning of 2014. It has just increased its quarterly dividend by 22%, to an annualised US5.5c per share and, based on the current share price, the projected annua...
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