May 9, 2017 / 12:13 PM / 3 months ago

BRIEF-Caledonia Mining revises 2017 production guidance

2 Min Read

May 9 (Reuters) - Caledonia Mining Corporation Plc:

* Caledonia Mining Corporation Plc: revised production and earnings guidance for 2017

* Caledonia Mining Corporation Plc - reduces production guidance for 2017 to a range of between 52,000 ounces and 57,000 ounces of gold

* Caledonia Mining Corporation Plc - revised production guidance reflects an increase of between 4 per cent and 14 per cent on 50,351 ounces of gold produced in 2016

* Caledonia Mining Corporation Plc - earnings guidance for 2017 is also reduced from approximately 34 cents to between 24 and 31 cents per share

* Caledonia Mining Corporation Plc - earnings guidance for 2017 is also reduced from approximately 34 cents to between 24 and 31 cents per share

* Caledonia Mining - continues to evaluate measures to "improve underground tramming logistics" in an effort to minimize impact on 2017 production

* Caledonia Mining - not expected that revised production guidance will have any effect on dividend, which is currently 1.375 us cents per quarter

* Caledonia Mining Corp - revised production guidance has no effect on blanket's longer term production guidance of approximately 80,000 ounces by 2021

* Caledonia Mining-fy revised production guidance has no effect on blanket's longer term production guidance of approximately 80,000 ounces by 2021

* Caledonia Mining - blanket has not been able to transport volume of material that is necessary to achieve target of 60,000 ounces of gold in 2017 Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below