Last C$0.80 CAD
Change Today -0.01 / -1.23%
Volume 63.5K
CAL On Other Exchanges
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As of 3:57 PM 10/20/14 All times are local (Market data is delayed by at least 15 minutes).

caledonia mining corp (CAL) Snapshot

Open
C$0.91
Previous Close
C$0.81
Day High
C$0.91
Day Low
C$0.80
52 Week High
07/14/14 - C$1.20
52 Week Low
02/6/14 - C$0.59
Market Cap
41.7M
Average Volume 10 Days
67.7K
EPS TTM
C$0.10
Shares Outstanding
52.1M
EX-Date
10/15/14
P/E TM
8.1x
Dividend
C$0.06
Dividend Yield
7.50%
Current Stock Chart for CALEDONIA MINING CORP (CAL)

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caledonia mining corp (CAL) Details

Caledonia Mining Corporation is engaged in the acquisition, exploration, and development of mineral properties primarily in South Africa. The company explores for gold, silver, base, and precious metals. It primarily holds 49% interest in the Blanket mine, a gold mine located in south-western Zimbabwe. The company was founded in 1992 and is headquartered in Toronto, Canada.

Founded in 1992

caledonia mining corp (CAL) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$485.7K
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: C$328.7K
Vice President of Business Development & Inve...
Total Annual Compensation: C$179.9K
General Manager and Director of Blanket Mine
Total Annual Compensation: C$304.3K
Vice President of Exploration, Member of Tech...
Total Annual Compensation: C$161.7K
Compensation as of Fiscal Year 2013.

caledonia mining corp (CAL) Key Developments

Caledonia Mining Corporation Reiterates Dividend Guidance for 2015

Caledonia re-iterates that due to its strong balance sheet, it expects to continue the existing dividend policy of 1.5 Canadian cents per quarter in 2015.

Caledonia Mining Corporation Announces Gold Production for the Quarter and Nine Months Ended September 30, 2014

Caledonia Mining Corporation announced gold production from the Blanket Mine (Blanket) in Zimbabwe, for the quarter and nine months ended September 30, 2014. For the quarter, 9,890 ounces of gold were produced against 12,042 ounces a year ago. The average head grade is, as expected, lower than has been achieved in previous quarters. Tonnes mined and milled did not increase sufficiently to offset the lower grade mined, although plant recoveries have remained strong. Gold production at Blanket has been adversely affected by lower than anticipated tonnages and grades being mined. The target grade for the year was 3.84g/t and in the first half of 2014, the achieved grade was 3.7g/t. In recent months the grade has fallen further due to lower than anticipated grades at AR Main and AR South, which are the two tonnage contributors to Blanket's run-of-mine production. The financial performance of Blanket and Caledonia in the third quarter 2014 has also been adversely affected by the further decline in the gold price during this period, and has been exacerbated by changes to the Zimbabwean taxation regime which dictates that the 7% gold royalty payable to the Zimbabwean government is no longer allowable for the purposes of calculating Zimbabwean income tax. However, from 1 October this effect will be partially neutralized by a reduction in the gold royalty rate from 7% to 5%. The effect of lower than anticipated production and the lower gold price has to some extent been mitigated by a reduction in the cost per tonne of ore processed, which has been achieved by a combination of oxygen injection into the CIL process, greater attention to cost control and the devaluation of the South African Rand against the US dollar. For the nine months, in light of the 31,354 ounces produced during the first nine months of 2014, guidance for gold production in 2014 is reduced from 45,000 ounces to approximately 40,000 ounces.

Caledonia Mining Corporation Declares Dividend for the Fourth Quarter of 2014 Payable on October 31, 2014

Caledonia Mining Corporation announced that the Board of Directors has declared dividend Number 6 for the fourth quarter of 2014, this being a dividend of CAD 0.015 on each of the company's common shares issued and outstanding on the record date, being October 17, 2014. The ex-dividend date will be October 16, 2014. Dividend cheques will be mailed on October 31, 2014.

 

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CAL

Industry Average

Valuation CAL Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.7x
Price/Book 0.7x
Price/Cash Flow 3.5x
TEV/Sales 0.2x
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