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Caledonia Mining gains 20% after six-fold increase in Q3 profits

Michael Allan McCrae | November 10, 2011 | 4:09 pm Base Metals Precious Metals Africa Europe Gold Palladium Platinum 

Caledonia Mining (TSE:CAL), an African-focused mining and exploration company with a mine in Zimbabwe, shot up 20% to 11 cents a share in morning trading after announcing a six-fold increase in profits in Q3. The company said that gross profit...

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