News Editor THE world’s largest asset manager, BlackRock, has increased its overall stake in Caledonia Mining Corporation, while reshuffling its holdings in favour of direct share ownership over derivatives exposure. A Caledonia filing last week covered a threshold crossed on July 8, putting BlackRock’s total position at 6,17 percent of voting rights, up from 6,15…
BlackRock reshuffles Caledonia holding
The gold miner raked in US$65,3 million a year earlier, as higher gold prices boosted earnings. Revenue was also 14 percent from US$66,4 million in the first quarter, reflecting improved production.