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Caledonia Mining Co. Plc (LON:CMCL – Get Rating) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,006.52 ($12.13) and traded as low as GBX 875 ($10.54). Caledonia Mining shares last traded at GBX 895 ($10.78), with a volume of 20,628 shares changing […]
Caledonia Mining has agreed to acquire Bilboes Gold, the owner of the Bilboes gold project in Zimbabwe, in an all-share deal worth $53.3m.
Jersey-based group will buy Bilboes Gold for about $53.3 million in shares, plus a royalty on revenues.
Caledonia Mining's Mark Learmonth tells Proactive's Katie Pilbeam the miner achieved its quarterly target runway of just over 20,000 ounces...
. A sustained gold and commodity bull market is only a matter of time. Slightly higher interest rates, but still negative real yields and inflation rates of around eight percent should make for an interesting fall. After all, rising interest rates and simultaneously rising commodity and gold prices have already occurred in the past and were even more the rule. If inflation rises, then interest rates usually rise, and gold and commodities benefit because interest rates tend to lag behind inflatio