Caledonia Mining Sets a Blanket Production record

Caledonia Mining Corporation Plc (AIM: CMCL)

Announced record gold production from the Blanket Mine in Zimbabwe for the quarter ended 30 June 2022.

CMCL’s quarterly gold production of 20,091 ounces was a record for any quarter, and a 20 per cent increase on Q2 2021.  […]  

 

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Caledonia Mining AIM: CMCL
Stage Production, dexploration
Metals Gold
Market cap £110 m @ £8.60
Location Zimbabwe

 

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Caledonia Mining - Blanket Mine, Zimbabwe

Blanket Mine, Zimbabwe

 

RNS Number : 2371S
Caledonia Mining Corporation PLC
13 July 2022

Caledonia Mining Corporation Plc

Record Quarterly Production at Blanket Mine

(NYSE AMERICAN, AIM: CMCL)

St Helier, July 13 2022-Caledonia Mining Corporation Plc (“Caledonia” or the “Company”) announces record gold production from the Blanket Mine in Zimbabwe (“Blanket”) for the quarter ended 30 June 2022 (“Q2 2022” or the “Quarter”). All production numbers are expressed on a 100 per cent basis and are based on the final assay at the refiners.

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Highlights

·    Quarterly gold production of 20,091 ounces, a record for any quarter

·    20 per cent increase in quarterly production on the 16,710 ounces produced in Q2 2021

·    Gold produced for the first half of 2022 was 38,606 ounces, approximately 29 per cent more than the 29,907 ounces produced in the first half of 2021

·    Reiterated gold production for 2022 is expected to be between 73,000 – 80,000 ounces[1]

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 Commenting on the announcement, Dana Roets, Chief Operating Officer, said:

“Production in the first half of 2022 was excellent and exceeded our expectations.  Production excludes an estimate of approximately 1,500 ounces of recoverable gold included in an ore stockpile which will be processed after the commissioning of additional milling capacity in the next few weeks.     

“We have now achieved our quarterly target of 20,000 ounces and are on track to hit our annual production target of between 73,000 – 80,000 ounces of gold.

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To read the full news release, please click HERE

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