https://www.miningweekly.com

Blanket Q4 production down 3.4%

Blanket Q4 production down 3.4%

Photo by Bloomberg

9th January 2014

By: Leandi Kolver

Creamer Media Deputy Editor

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Production at TSX- and Aim-listed gold producer Caledonia Mining’s 49%-owned Blanket mine, in Zimbabwe, declined by 3.4% year-on-year in the three months ended December 31.

Production for the quarter amounted to 11 417 oz, compared with 11 821 oz in the fourth quarter of 2012, the decrease mostly owing to a three-day shutdown of the mine’s milling plant along with a lower realised head grade, which was returning towards the long-term mine average of 3.84 g/t.

Total 2013 gold production was 45 517 oz, up 0.1% from the 45 463 oz produced in the prior year, and 3.4% higher than the production guidance of 44 000 oz.

“Production for 2013 was little changed from 2012, notwithstanding the fact that, during 2013, the achieved head grade returned towards the normal life-of-mine average of 3.84 g/t, as previously advised,” Caledonia president and CEO Stefan Hayden said, congratulating Blanket’s management and workforce for “another creditable performance”.

He added that the underground development that was required to achieve the projected increase in gold production to 48 000 oz in 2014 had been completed.

“I look forward to Blanket delivering this increased level of production,” he said.

Caledonia expected to release its financial results for the quarter and year to December 31 on March 31.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
Updated 6 hours ago
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

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:0.083 0.121s - 88pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: