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Transport problems take shine off miner

Caledonia forced to slash production and earnings guidance for 2017
Thursday 11 May 2017 Author: Daniel Coatsworth
Smaller Companies

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.

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11 May 2017

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