About
Caledonia’s primary asset is a 49% interest in an operating gold mine in Zimbabwe (“Blanket Mine”). In August 2018, Caledonia announced that it had signed a memorandum of understanding to increase its shareholding in Blanket Mine to 64%, subject to the execution of a legally binding sale agreement and...
Caledonia’s primary asset is a 49% interest in an operating gold mine in Zimbabwe (“Blanket Mine”). In August 2018, Caledonia announced that it had signed a memorandum of understanding to increase its shareholding in Blanket Mine to 64%, subject to the execution of a legally binding sale agreement and regulatory approvals. Caledonia’s shares are listed on NYSE American (symbol: CMCL) and on the Toronto Stock Exchange (symbol: CAL) and depositary interests representing the shares are traded on London’s AIM (symbol: CMCL). As at June 30, 2018, Caledonia had cash of approximately US$5.3m. Blanket Mine plans to increase production from 56,136 ounces of gold in 2017 to approximately 80,000 ounces by 2021; Blanket Mine’s target production for 2018 is 55,000 to 59,000 ounces.
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