11th Dec 2020 21:47
Caledonia Mining Corp PLC - southern Africa-focused exploration and development company - Enters option agreement giving it exclusive right to explore and - if exploration is successful - acquire the mining claims over area known as Glen Hume.
Glen Hume is a property in the Gweru mining district in Zimbabwe which has historically produced significant quantities of gold.
Caledonia has the right to explore the are for up to 15 months. Total consideration is initial USD2.5 million in cash, following by further payment of the same amount should Caledonia exercise its right.
Current stock price: 1,221.00 pence
Year-to-date change: up sharply from 607.00p
By Dayo Laniyan; [email protected]
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