Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Transport problems take shine off miner
Gold Digger Caledonia Mining (CMCL:AIM) has downgraded its 2017 production guidance by up to 13% due to transportation issues. It now expects to produce between 52,000 and 57,000 ounces versus the previous 60,000 ounce target. Earnings guidance is slashed by up to 29%; moving from 34c to a range of 24c to 31c per share, based on a $1,275 per ounce gold price.