Caledonia Mining Mining News

Caledonia buys back 15% interest in Blanket gold mine in Zimbabwe

After completing the transaction, Caledonia will own 64% of Blanket.

Zimbabwe to announce winning bidders for mining assets in two weeks

We would like to see each and every asset owned by ZMDC getting into production - Mines Minister Winston Chitando

Caledonia wants to expand in Zimbabwe

The company is negotiating the possibility of buying the government’s 16 per cent stake in the Blanket project.

Fatal accident at Caledonia's gold mine in Zimbabwe

An accident took place in the Blanket Quartz Reef area of the mine.

Profit doubles and gold production increases by 17% during Caledonia Mining's Q1

Caledonia Mining increased gold production by 17% and nearly doubled its profit to $5,248,000 compared to $2,815,000 in the fourth quarter 2010. Announcing its Q1 results on Wednesday, the company also said that its average cash cost per ounce of gold produced decreased by 18% to US$648 compared to the fourth quarter 2010. As of March 31, 2011 the company had net cash and cash equivalents of $1,406,000.