Caledonia Mining's Blanket Mine 'a solid performer' despite challenging quarter
Steve Curtis, chief executive of Caledonia Mining Corporation PLC (LON:CMCL, TSX:CAL), tells Proactive’s Andrew Scott gold output during the three months to the end of June was marginally higher than the first quarter of 2018, in line with expectations.
The Zimbabwe-focused gold miner produced 12,657 ounces – up 1.1% from the 12,521 ounces in the same three months last year – while for the six months, the tally came to 25,582 ounces.
Cost of production was also slightly higher, with the all-sustaining cost at US$856 per ounce in the second quarter, from US$855, while the average realised price for the quarter stood at US$1,278 from US$1,235 in the comparative quarter.
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/stocktube/10090/caledonia-mining-s-blanket-mine-a-solid-performer-despite-challenging-quarter-10090.html
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