‘Excellent’ first-half production prompts Caledonia to lift full-year guidance
Aim-listed Caledonia Mining has increased the production guidance for its Blanket mine, in Zimbabwe, from between 74 000 oz and 78 000 oz, to between 75 500 oz and 79 500 oz of gold for this year.
"Production in the first half of 2025 was excellent and has exceeded our expectations. As a result of this strong performance, we are increasing our annual production guidance. This performance is a testament to the dedication and hard work of our team,” says CEO Mark Learmonth.
The Blanket mine produced 21 070 oz of gold for the quarter ended June 30, taking production for the first half of the year to 39 741 oz – a 5.1% increase on the 37 823 oz produced in the first half of 2024.
“Blanket mine continues to provide a solid foundation for growth. As we move forward, we are confident that it will continue to be a cornerstone of our success, driving value for our shareholders,” says Learmonth.
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