Caledonia reports robust production at Blanket mine in June quarter
Gold miner Caledonia Mining Corporation produced 20 773 oz of gold at its Blanket mine, in Zimbabwe, during the quarter ended June 30.
This is a 19% increase on the 17 436 oz produced at the mine in the second quarter of 2023.
The mine’s output for the six months ended June 30 was 37 823 oz, a 13% increase on the 33 472 oz produced in the first half of 2023.
The company maintains its full-year gold production guidance at Blanket of 74 000 oz to 78 000 oz.
"Blanket mine continues to provide a solid foundation for growth as we prepare to become a multi-asset gold producer. Production in the first half of 2024 was excellent and has exceeded our expectations,” says Caledonia CEO Mark Learmonth.
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