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Proactive Investors
2 months ago
Caledonia Mining: Broker hails record second quarter as it upgrades valuation
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) delivered an exceptional second quarter, setting new records for production, profitability, and cash generation at its flagship Blanket Mine in Zimbabwe. The results, released earlier on Monday, show the company firing on all cylinders amid soaring gold prices, with Cavendish Capital Markets highlighting that second-quarter profitability actually exceeded entire full-year profits from recent years.