Caledonia Mining Corporation Plc Results for the Quarter ended 30 June 2019 and details of a shareholder conference call
This is a major milestone and marks the successful culmination of five years' work and approximately $45 million of capital investment.
- This is a major milestone and marks the successful culmination of five years' work and approximately $45 million of capital investment.
- Production of 12,712 ounces was marginally higher than the first quarter of 2019 although below plan.
- The electricity situation worsened considerably in July and early August and Blanket experienced frequent and long interruptions to its power supply.
- Caledonia is at an advanced stage of evaluating a solar PV generating facility which would reduce Blankets dependence on grid power.