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Caledonia Mining slides after cutting guidance for full-year production, raising cost outlook
Seeking Alpha ·
Seeking Alpha reports: Caledonia Mining fell 2.6% in Friday's trading after reporting Q3 gold production at its Blanket mine in Zimbabwe declined 11% Y/Y to 19,106 oz, citing a shortage of compressed air at certain high-grade, high-volume mining areas and the temporary retention of gold within the processing circuit. Caledonia said it expects production to normalize during Q4, as two of the new compressors have now been deployed and the last two have been released from the port and are…
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