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Caledonia Mining Corp

13:28 on 21/11/2017

Current Price 455.00p | Bid 460.00p | Ask 475.00p | Change 7.47%

Company Overview

Caledonia Mining Corporation is a mining, and exploration company with assets in Southern Africa. The Company's current focus is its producing Blanket gold mine in Zimbabwe, the Nama cobalt-copper project in Zambia and the Rooipoort and Mapochsgronde platinum-nickel exploration projects in South Africa. The Blanket gold mine re-started production in April 2009 after a temporary shut-down due to the economic difficulties in Zimbabwe. In late 2010, Blanket successfully completed an expansion project which increased production capacity from 24,000 ounces of gold per annum to 40,000 ounces of gold per annum. Blanket holds significant brownfield exploration and development projects both on the existing mine area and on its satellite properties which are within trucking distance of the Blanket metallurgical recovery plant. Blanket is actively addressing these properties with a view to increasing its reserves and resources. Depending on the outcome of exploration and feasibility studies Blanket intends to significantly increase production. The Nama Project is an advanced cobalt-copper exploration project in north-west Zambia. Caledonia has 4 mining licences covering approximately 860 square km. Exploration continues with a view to identifying an oxide resource of sufficient size and grade to support the large scale production of cobalt hydroxide. Exploration work in 2011 at Nama will also focus on two target areas with the objective of identifying traditional copperbelt mineralisation which could form the basis for an additional avenue of mining activity on the licence areas. The Rooipoort platinum-nickel exploration project is located on the northern limb of the Bushveld complex, about 300kms north of Johannesburg. The Mapochsgronde platinum group metal exploration project is located on the eastern limb of the Bushveld complex, about 175km north-east of Johannesburg.

Stock Details

Shares in Issue 52,143,946
Market cap £ 53.45m
Sector Mining
Indices FTSE AIM All-Share Index

Financial Highlights Year Ended 31/12/2015

Turnover £53.51 million
Operating Profit £12.07 million
Dividend Yield 5.37
Dividend Per Share 6.00
Dividend Cover 3.44
P/E Ratio 12.20
» More Financials

Important Dates

AGM / EGM 14/05/2015

Key Personnel

Stefan Hayden CEO
Carl R. Jonsson Chairman
Steven Curtis CFO

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Price Summary

Mid Price ? 467.50p
Bid Price ? 460.00p
Ask Price ? 475.00p
Volume ? 3843
Change Today 32.50p
% Change Today 7.47%
Open 452.50p
Previous Close 435.00p
Intraday High 475.00p
Intraday Low 452.50p
52 Week High 102.50p
52 Week Low 38.00p

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Broker Consensus

The above information represents a selection of the views and target prices published in the last 120 days by analysts in individual stocks. It is subject to change without notice and may not necessarily be the view held by Redmayne-Bentley.

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