https://newsletter.mw.creamermedia.com
Gold|Mining|Projects|Surface
Gold|Mining|Projects|Surface
gold|mining|projects|surface

Caledonia’s Zimbabwe mine achieves record first quarter

An image showing the Blanket mine's central shaft

Central shaft at Blanket

15th April 2025

By: Tasneem Bulbulia

Deputy Editor Online

     

Font size: - +

Aim-listed Caledonia Mining’s Blanket mine, in Zimbabwe, produced 18 671 oz of gold in the first quarter of this year, exceeding the 17 050 oz produced in the first quarter of 2024.

​This is a new first-quarter production record, surpassing the previous high of 18 515 oz achieved in the first quarter of 2022.

​Tonnes milled for the quarter were 201 755 t, 23 793 t (13.4%) above expectation.

​The surface stockpile increased to 15 000 t as run-of-mine production exceeds milling capacity.

Blanket remains on track to achieve gold production guidance of 74 000 oz to 78 000 oz this year.

CEO Mark Learmonth welcomed the strong quarterly performance, especially considering that the first quarter is traditionally the weakest for the company.

“This achievement reflects continued operational improvements and the dedication of our team on the ground. The significant increase in both tonnes milled and the surface stockpile provide a strong foundation for the remainder of the year.

“This is an excellent start, and, with a strong gold price, we are well positioned to generate healthy cash flows and to continue investing in our growth projects,” he says. 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Latest Multimedia

Resources Watch
Resources Watch
Updated 5 hours ago

Showroom

SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Martin Creamer and Francisco Baudrand
Enaex Africa transforms beyond compliance
14th April 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.12 0.192s - 144pq - 2rq
Subscribe Now