UK 17:07 Sunday, 27 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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Mark Learmonth, finance chief at Southern Africa-focused Caledonia Mining Corporation (CMCL), says the company intends to lift gold production from its Blanket Mine in Zimbabwe 90% between 2015 and 2020 to 80,000 oz. a year, with all-in costs driven down from $984 (£647) an ounce to a target $750 by 2018, against a present gold price of $1,166.92c an ounce. The AIM-quoted company, whose chief executive officer Steve Curtis has adopted a different approach since taking over from Stefan Hayden last November, has a 49% interest in Blanket, which boasts a measured, indicated and inferred gold resource of one million oz., and has been striving to improve production, grades and profitability there.
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