Caledonia Mining Corporation plc (LON:CMCL) CFO Mark Learmonth joins DirectorsTalk Interviews to discuss the acquisition of an option over an exploration prospect in Zimbabwe. Mark provides us with more detail on Glen Hume, the stage its at, the next steps, looking at other opportunities, the focus and how this acquisition fits into the long term strategy.
Caledonia Mining is a profitable cash generative gold producer with a strong growth profile, Caledonia’s primary asset is the Blanket Mine in Zimbabwe which is on track to hit its increased 2020 gold production guidance of between 55,000 – 58,000 ounces. By 2022 the Company plans to increase its annual production by 45%, up to 80,000 ounces. The Company pays a quarterly dividend, which has been increased three times this year and is investing in the company’s future growth by evaluating new investments opportunities in Zimbabwe.