MINING & RETAIL

Caledonia still to use $4m overdraft facility

CALEDONIA Mining Corporation (Caledonia) says its unsecured $4 million overdraft facility in Zimbabwe has remained undrawn."The company currently has no plans to raise equity. Blanket has an unsecured...

By Staff reporter | Published: 01 October 2019

MINING & RETAIL

Caledonia eyes 75 000 ounces gold output

CALEDONIA Mining Corporation, which owns Blanket Mine in Matabeleland South province, targets to increase gold output to 75 000 ounces in 2021 as the mine has begun focusing on increasing output. &nbs...

By Staff reporter | Published: 27 September 2019

MINING & RETAIL

Caledonia praises Mnangagwa

AIM-listed mining group, Caledonia Mining Corporation, has showered praises on the Government for taking bold steps in implementing investment reforms which will add impetus to attracting investors an...

By Staff reporter | Published: 28 November 2018

MINING & RETAIL

Caledonia's production drops

CALEDONIA Mining Corporation's gold production for the nine months to September 30, 2018 fell by 0,4% to 39 558 ounces from 39 710 ounces recorded over the same period last year. The mining company, w...

By Staff reporter | Published: 15 November 2018

MINING & RETAIL

Caledonia to regain 80% stake in Blanket Mine

AIM-listed Caledonia Mining Corporation says employees at its Blanket Mine and the Gwanda community, from which it operates, will retain their shares as the firm plans to increase its stake in the Mat...

By Staff reporter | Published: 29 May 2018

MINING & RETAIL

Caledonia cash flow up 296%

LONDON Stock Exchange-listed resources firm, Caledonia Mining Corporation (Caledonia), says its cash from operating activities surged by 296 percent to $7 million in the first quarter from $1,77 milli...

By Staff reporter | Published: 17 May 2018

MINING & RETAIL

Caledonia wants bigger stake in Blanket Mine

AIM-listed Caledonia Mining Corporation plans to increase its stake in Gwanda-based gold producer, Blanket Mine, following recent amendments to the Indigenisation and Economic Empowerment Act by Gover...

By Staff reporter | Published: 16 May 2018

MINING & RETAIL

Caledonia targets 80 000 ounces by 2021

Caledonia Mining Corporations says it is on course to achieve gold production output of 80 000 troy ounces (about 2,4 tonnes) by 2021 at its Blanket Mine, although production during the quarter to Mar...

By Staff reporter | Published: 15 May 2018

MINING & RETAIL

Caledonia plans Zimbabwe expansion

Caledonia Mining plans to buy gold assets in Zimbabwe and increase its stake in the Blanket mine after the removal of the country's tough ownership rules.Keen to attract investment to revitalise the c...

By Reuters | Published: 23 April 2018

MINING & RETAIL

Caledonia meets Q1 production target

CALEDONIA Mining Corporation Plc, which owns Blanket Mine in Matabeleland South, is on track to achieving its full year output target after producing 12 924 ounces in the first quarter.The Toronto Sto...

By Staff reporter | Published: 11 April 2018

MINING & RETAIL

Caledonia commits to $4m investment

Gold mining firm, Caledonia Mining Corporation has reaffirmed commitment to a $4 million investment towards exploration and metallurgical test work to its satellite properties.With an impressive gold ...

By Staff reporter | Published: 07 April 2018

MINING & RETAIL

Caledonia eyes $5m income increase

ZIMBABWE-FOCUSED gold miner, Caledonia, says it anticipates an increase in income during the current financial year, driven by a 7,5 percentage point increase in export incentives paid to gold miners ...

By Staff reporter | Published: 05 April 2018

MINING & RETAIL

Legislative changes in Zim buoy Caledonia

BOUYED by record gold production and political changes in Zimbabwe, Canadian gold mining firm, Caledonia Mining, appears eager to raise at least $4 million and buy back a stake previously ceded to ind...

By Staff reporter | Published: 22 March 2018

MINING & RETAIL

Caledonia gold production rises 11,4% in 2017

CALEDONIA Mining Corporation Plc has achieved a full year gold production of 56 135 ounces (1,59 tonnes), up 11,4% from the 2016 output despite a slow production in the first half of 2017, the company...

By Staff reporter | Published: 16 January 2018

MINING & RETAIL

Caledonia in Q3 record gold production

Caledonia Mining Corporation recorded a massive increase in gold production of 14,389 ounces for the third quarter to September 30, 2017, a 15 percent increase from the second quarter. This was a reco...

By Staff reporter | Published: 06 October 2017

MINING & RETAIL

Caledonia engages govt over indigenization deal

Canadian company, Caledonia Mining, the owners of Gwanda based Blanket Mine, has said it will keep its engagement with government confidential after the Ministry of Youth, Indigenization and Economic ...

By Staff reporter | Published: 05 October 2017

MINING & RETAIL

Caledonia confident Blanket Mine will meet target

Desperate Blanket Gold Mine's output in the second quarter remaining largely flat at 12 521 ounces from 12 510 oz in the prior comparable period, parent firm Caledonia Mining Corporation remains confi...

By Staff reporetr | Published: 16 August 2017

MINING & RETAIL

Zimbabwe based junior miner to list on NYSE

Canadian junior miner Caledonia Mining Corporation says it has received approval for the listing of its common shares on the New York Stock Exchange (NYSE).The listing should accrue benefits for the ...

By Staff reporter | Published: 27 July 2017

MINING & RETAIL

Caledonia on course to achieve 2017 target

Caledonia Mining Corporation is on course to achieving its 2017 gold production target of 52 000 ounces to 57 000 ounces at its 49 percent-owned Blanket Mine in Zimbabwe.This is after the Toronto Stoc...

By Staff reporter | Published: 05 July 2017

MINING & RETAIL

Blanket Mine boosts Caledonia expansion plans

London-listed Caledonia Mining Corporation Limited (Caledonia)'s expansion plans have been given a boost by an increase and upgrade in the gold resource at its Zimbabwean Blanket Mine (Blanket).This c...

By Staff reporter | Published: 21 June 2015

MINING & RETAIL

Caledonia pre-tax halved despite increased production

Caledonia Mining Corporation's pre-tax profit halved in its full-year as falls in the gold price offset positive production rates.Following the implementation of indigenisation in September 2012, Cal...

By Staff reporter | Published: 01 April 2014

MINING & RETAIL

Caledonia complies with Zim govt directive

Canadian based firm Caledonia Mining Corporation has complied with Government's directive for local mines to sell their gold to Fidelity Printers in a bid to stop the export of unprocessed gold.In a s...

By Staff reporter | Published: 29 January 2014

MINING & RETAIL

Caledonia declares first quarterly dividend

Toronto Stock Exchange listed mining company, Caledonia Mining Corporation has declared a dividend of $0,015 per share for the first quarter of its financial year.The declaration of a dividend will ...

By Staff reporter | Published: 16 January 2014

MINING & RETAIL

Caledonia to declare quarterly dividend

Canada-based mining firm Caledonia Mining Corporation will now be declaring dividend on a quarterly basis, the company said yesterday. Caledonia's primary asset is Gwanda-based gold miner, Blanket Mi...

By New Ziana. | Published: 26 November 2013

MINING & RETAIL

Blanket mine increases productions

Caledonia Mining Corporation's Gwanda based gold mining concern, Blanket Mine has increased production for the second quarter of 2013 by more than 10 percent according to the latest production figure...

By Business reporter | Published: 03 July 2013
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