Caledonia Mining Corporation Plc Blanket Applies for Exemption to Suspension of Operations (NYSE AMERICAN: CMCL; AIM: CMCL; TSX: CAL)
(PresseBox) - Caledonia Mining Corporation Plc (?Caledonia? or the ?Company? -https://www.commodity-tv.com/play/caledonia-mining-stronger-free-cash-flows-from-2020-on-dividend-increased/ ) notes the announcement by His Excellency, President E.D. Mnangagwa on March 27, 2020 of a nationwide lockdown of Zimbabwe to restrict the spread of COVID-19 infections.
Although the Zimbabwe authorities have confirmed that gold mining is not an essential service, Blanket is currently permitted to continue with its operations, as
Blanket and its employee village can be quarantined from the surrounding area; and
Blanket will re-configure its operations to reduce the risk of infections being transmitted amongst its employees.
A key measure to reduce the risk of infections amongst Blanket?s workforce will be to increase the ?social-distancing? of employees as they enter and leave the underground workings.
Blanket is permitted to continue operations at the reduced level until its application for exemption is dealt with by the authorities.
As noted in the Company?s announcement on March 26, 2020 Caledonia enters this unprecedented situation with a strong balance sheet such that it can withstand an interruption to production of several months.
Caledonia Mining Corporation Plc
Mark Learmonth
Maurice Mason
Tel: +44 1534 679 800
Tel: +44 759 078 1139
WH Ireland (Nomad & Broker)
Adrian Hadden/James Sinclair-Ford
Tel: +44 20 7220 1751
Blytheweigh
Tim Blythe/Camilla Horsfall/Megan Ray
Tel: +44 207 138 3204
3PPB
Patrick Chidley
Paul Durham
Swiss Resource Capital AG
Jochen Staiger
Tel: +1 917 991 7701
Tel: +1 203 940 2538
info(at)resource-capital.ch
www.resource-capital.ch
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.
Cautionary Note Concerning Forward-Looking Information
Information and statements contained in this news release that are not historical facts are ?forward-looking information? within the meaning of applicable securities legislation that involve risks and uncertainties relating, but not limited to Caledonia?s current expectations, intentions, plans, and beliefs.her expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Examples of forward-looking information in this news release include: production guidance, estimates of future/targeted production rates, and our plans and timing regarding furtherata, assumptions regarding the representativeness of mineralization being inaccurate, success of planned metallurgical test-work, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and other factors.
Securityholders, potential securityholders and other prospective investors should be aware that these statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements.thiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards, employee relations; relationships with and claims by local communities and indigenous populations; political risk; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining or maintaining necessary licenses and permits, diminishing quantities or grades of mineral reserves as mining occurs; global financial condition, the actual results of current exploration activities, changes to conclusions of economic evaluations, and changes in project parameters to deal with unanticipated economic or other factors, risks of increased capital and operating costs, environmental, safety or regulatory risks, expropriation, the Company?s title to properties including ownership thereof, increased competition in the mining industry for properties, equipment, qualified personnel and their costs, risks relating to the uncertainty of timing of events including targeted production rate increase anormation involves numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur.
This news release is not an offer of the common shares of Caledonia for sale in the United States. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the common shares of Caledonia, in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such province, state or jurisdiction.
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Datum: 30.03.2020 - 05:50 Uhr
Sprache: Deutsch
News-ID 1557146
Anzahl Zeichen: 8054
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