First Look Equities Featured Company

Caledonia Mining Corporation

Company Overview

Caledonia is an exploration, development and mining company focused on Southern Africa. Caledonia’s primary asset is a 49% interest in the Blanket Mine in Zimbabwe which produced 50,351 ounces of gold in 2016 at an All in Sustaining Cost of US$912/oz.

The Blanket Mine re-started production in April 2009 after a temporary shut-down due to the economic difficulties in Zimbabwe. In late 2010, Blanket successfully completed an expansion project which increased production capacity from 24,000 ounces of gold per annum to 40,000 ounces of gold per annum.

Caledonia endorses and is committed to the principles of good corporate governance and corporate citizenship. Overall responsibility for governance lies with the board of directors of Caledonia (the “Board”) which has adopted a number of policies for Caledonia and its group of companies and these are regularly reviewed. The Board has also adopted a Code of Business Conduct, Ethics and Anti-Bribery Policy which commits Caledonia and its group of companies, directors and employees to the highest standards of business and ethical conduct. All such persons and all contractors must follow and abide by the Code.



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Caledonia Mining Corporation in the News