Caledonia Mining Corporation Plc is principally engaged in the operation of a gold mine. The company also explores and develops mineral properties for precious metals. Its principal asset is the Blanket mine, a gold mine located in Zimbabwe. The company was formerly known as Caledonia Mining Corporation.
The company produced 13,197 ounces of gold during the Quarter, exceeding expectations. Caledonia remains on track to achieve its production guidance of between 61,000 and 67,000 ounces for the full year.
Gold appears to have entered a new cycle, so $CMCL is an attractive stock, holding an interesting level in the $12 to $14 range.
The company reported 32% revenue growth in 2020, 49.4% EBITDA Y/Y and net income of $20M.
The company produced 13,197 ounces of gold during the Quarter, exceeding expectations. Caledonia remains on track to achieve its production guidance of between 61,000 and 67,000 ounces for the full year.
Gold appears to have entered a new cycle, so $CMCL is an attractive stock, holding an interesting level in the $12 to $14 range.
The company reported 32% revenue growth in 2020, 49.4% EBITDA Y/Y and net income of $20M.
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June 18