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BRIEF-Caledonia Mining revises 2017 production guidance

Published 2017-05-09, 08:11 a/m
© Reuters.  BRIEF-Caledonia Mining revises 2017 production guidance
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May 9 (Reuters) - Caledonia Mining Corporation Plc CAL.TO :

* Caledonia Mining Corporation Plc: revised production and earnings guidance for 2017

* Caledonia Mining Corporation Plc - reduces production guidance for 2017 to a range of between 52,000 ounces and 57,000 ounces of gold

* Caledonia Mining Corporation Plc - revised production guidance reflects an increase of between 4 per cent and 14 per cent on 50,351 ounces of gold produced in 2016

* Caledonia Mining Corporation Plc - earnings guidance for 2017 is also reduced from approximately 34 cents to between 24 and 31 cents per share

* Caledonia Mining Corporation Plc - earnings guidance for 2017 is also reduced from approximately 34 cents to between 24 and 31 cents per share

* Caledonia Mining - continues to evaluate measures to "improve underground tramming logistics" in an effort to minimize impact on 2017 production

* Caledonia Mining - not expected that revised production guidance will have any effect on dividend, which is currently 1.375 us cents per quarter

* Caledonia Mining Corp - revised production guidance has no effect on blanket's longer term production guidance of approximately 80,000 ounces by 2021

* Caledonia Mining-fy revised production guidance has no effect on blanket's longer term production guidance of approximately 80,000 ounces by 2021

* Caledonia Mining - blanket has not been able to transport volume of material that is necessary to achieve target of 60,000 ounces of gold in 2017 Source text for Eikon: ID:nCCN4yQ9FG Further company coverage: CAL.TO

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