UK 17:49 Sunday, 27 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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Undaunted by missing its targets for gold production in Zimbabwe during 2014, AIM-quoted Caledonia Mining Corporation (CMCL) is hoping a US$70 million (£46 million) six-year investment programme will hoist output from the central African country’s Blanket mine from a flat anticipated 42,000 oz. this year to between 60,000 and 65,000 oz. in 2017, with a 75,000 oz. aspiration for 2020. Many regard Zimbabwe under its current regime as still a pariah state, but Toronto-based Caledonia insists it now offers rich pickings and suggests it looks more stable than South Africa.
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