Caledonia sees record production from Zim mine in Q2
JOHANNESBURG (miningweekly.com) – Aim-listed gold miner Caledonia Mining increased production at its 49%-owned Blanket mine, in Zimbabwe, by 15.6% quarter-on-quarter to 12 510 oz in the three months ended June 30.
The higher output was attributed to increased tonnes mined and milled and improved grade.
"The new production record was largely the result of improved underground logistics and increased mine flexibility as a result of the implementation of the revised investment plan at the Blanket mine,” CEO Steve Curtis said on Thursday.
The higher grade was as planned and reflects the start of production from the AR South and Blanket orebodies below 750 m.
“In future quarters, I expect the grade will improve towards 4 g/t as production from higher-grade, deeper orebodies increases,” Curtis added.
The all-in sustaining costs for the quarter were $936/oz – 9.5% lower than the comparable quarter of 2015.
Meanwhile, the miner said a “huge amount” has been achieved at its Central shaft, with the main sinking phase now under way and completion of the Central shaft on track for mid-2018.
The shaft is now at a depth of 170 m and will eventually reach 1 080 m, establishing Blanket as a large, low-cost operation with prospects to extend the existing mine life.
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