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Caledonia Mining profit rises on higher gold prices

By BFN News | 10:04 AM | Wednesday 13 November, 2019

Caledonia Mining said profit grew in the third quarter of the year as higher gold prices eased the impact from a fall in production. For the third quarter of 2019, gross profit surged 75.1% to $8.5m as revenue rose 20% to $16.6m. Production slipped 2.4% to 13,978 ounces, while gold prices rose 22.8% to $1,461. 'We reiterate our full year production guidance of 50,000 to 53,000 ounces for 2019,' the company said. At 10:04am: (LON:CMCL) Caledonia Mining Corp share price was 0p at 624p Story provided by

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