19 April 2021 | 08:13am
StockMarketWire.com - Mining company Caledonia Mining reported that gold production fell short of its expectations in the first quarter, but said it remained on track to meet its annual output target. Production in the first quarter of 2021 was slightly below our target and below the comparable quarter in 2020 albeit at a level which allows us to maintain our 2021 production guidance of 61,000 to 67,000 ounces for the full year, the company said.
The rainy season this year saw unprecedented rainfall causing flooding at the mine and resulted in several lost shifts during the quarter. These temporary issues have now been rectified and with the Central Shaft now operational we remain on track to hit our 80,000 ounce target in 2022, it added.
Director Deals
26 January 2021 | 06:08am
StockMarketWire.com - Paul Smith, Chief Executive Officer, sold post-exercise 115,071 shares in the company on the 21st January 2021 at a price of £0.59. The Director now holds 579,074 shares.
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