Caledonia Mining Corporation (CMCL)
Caledonia’s primary asset is the low-cost Blanket Gold Mine in Zimbabwe, which produced 56,000 ounces of gold in 2017 at an all-in sustaining cost of $847/oz. Guidance for 2018 is 55koz - 59koz at an AISC of between $845/oz and $890/oz. Caledonia pays a quarterly dividend of 6.875 US cents. Blanket is approximately two thirds of the way through a fully funded growth plan, which will increase to 80koz by 2021 and is anticipated to reduce costs to approximately $750/oz.
Condor Gold (CNR)
Condor Gold Plc is a UK based AIM and TSX-listed exploration company focused on proving a large commercial reserve on its 100% owned La India Project in Nicaragua. The Company was successfully admitted to the London Stock Exchange, AIM Market, on 31st May 2006 and listed on the TSX on 15th January 2018.
Shanta Gold (SHG)
Shanta Gold is a producing gold company generating approximately US$100 million EBITDA pa (US$1900/oz). Shanta has three assets in two countries (Tanzania and Kenya) totalling 3.2 million ounces of gold grading 3.6 g/t contained.