Caledonia focuses on cost reductions

“The consistency of our output reflects the strategic investments we've made across the business, and we remain on track to meet our increased production guidance,”

CALEDONIA Mining Corporation (Caledonia) says it wants to capitalise on the current gold price rally to invest in cost reduction efforts which could lead to more efficiency in the long-term.The Victoria Falls Stock Exchange (VFEX)-listed gold miner recently embarked on a sweeping cost reduction exercise, which consisted of a costly retirement of staff at its…

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