11th Aug 2022 14:39
Caledonia Mining Corp PLC - gold producer with operations in Zimbabwe - Profit jumps as it benefits from a high gold price and more production. Pretax profit in the second quarter to June 30 surges to USD18.7 million from USD7.7 million a year ago. Revenue climbs 23% to USD37.0 million from USD30.0 million. Gold output surges 20% to 20,091 ounces from 16,710 ounces. Aims to satisfy conditions to buy Bilboes Gold Ltd and prepare a feasibility study to gauge commercialisation prospects of the Bilboes gold project. In July, seller Baker Steel Resources Trust Ltd said the value of its Bilboes Gold sale to Caledonia was USD14.3 million. Read More
