Caledonia Mining battles lower grades and gold price - Lower grades and a weaker gold price took a toll on Caledonia Minings (LON:CMCL) Blanket Mine in Zimbabwe despite another sharp reduction in operating costs. All-in sustaining costs fell to an impressive US$881 per ounce from US$924 per ounce in the previous quarter, but even with this improved efficiency net profit fell to US$1.8mln (US$3.1mln) in the three months to June. Stefan Hayden, president and chief exec... ow.ly/2LDmkg
Posted on: Tue, 12 Aug 2014 08:39:03 +0000
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