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Caledonia lowers 2018 production guidance, but remains on track with 2021 production target

By: Marleny Arnoldi     11th October 2018 NYSE-, Aim- and TSX-listed Caledonia Mining produced 13 978 oz gold from its Blanket mine, in Zimbabwe, during the quarter ended September 30. This is 10% above the output achieved in the second quarter but 3% below that of the third quarter of 2017.  

Caledonia Mining declares quarterly dividend

By: Simone Liedtke     2nd October 2018 Exploration and development company Caledonia Mining has declared a quarterly dividend of $0.06875 a share. Additionally, it is expected that the current dividend of $0.27 yearly, paid in equal quarterly instalments, will be maintained, the company said on Tuesday. 

Caledonia to increase shareholding in Blanket mine to 64%

By: Marleny Arnoldi     24th August 2018 Exploration and development company Caledonia Mining has signed a memorandum of understanding with Fremiro Investments to buy Fremiro’s 15% shareholding in the Blanket gold mine, in Zimbabwe, for $16.6-million. Caledonia already owns 49% of the Blanket mine and the transaction will increase its... 

Caledonia achieves marginal increase in Q2 output

By: Anine Kilian     10th August 2018 Caledonia Mining’s 49%-owned Blanket mine, in Zimbabwe, produced 12 657 oz of gold in the second quarter ended June 30, marginally higher than that produced in the second quarter of 2017 and in line with expectations.  “The second quarter was a difficult quarter for the business as production was... 

Zimbabwe has skills, natural resources to support increasing investment

By: Erin Steenhoff-Snethlage     13th July 2018 Zimbabwe has adequate skilled and unskilled labour to support increasing investment and the expansion of mining operations, claims mining, exploration and development company Caledonia Mining. Caledonia owns the Blanket gold mine in Zimbabwe, one of the few operating gold mines in the country.... 

Caledonia’s Zim mine delivers ‘strong’ cash generation in Q1

By: Simone Liedtke     14th May 2018 Caledonia Mining produced 12 924 oz of gold in the first quarter of this year, marginally higher than that produced in the first quarter of 2017 and in line with expectations. “We expect that production will deliver the usual increase in the second half of the year as we see the benefit of the... 

Expansion at Zim’s Blanket gold mine to increase production by 45% to 80 000 oz/y in next three years

By: Mia Breytenbach     4th May 2018 Mining, exploration and development company Caledonia Mining believes that its Blanket gold mine in Zimbabwe will achieve continued record production in future, owing to the company’s drive for expansion, says Caledonia Mining corporate development and investor relations VP Maurice Mason. The... 

Blanket Q1 output on par with Caledonia’s 2018 target

By: Marleny Arnoldi     9th April 2018 Southern Africa-focused exploration and development company Caledonia Mining’s 49%-owned Blanket mine, in Zimbabwe, produced about 12 924 oz of gold for the quarter ended March 31.  

Caledonia to benefit from higher Zim Export Credit Incentive

By: Simone Liedtke     4th April 2018 Exploration and development company Caledonia Mining expects to receive up to an additional $5.1-million in income this year, following an increase to 10%, from the previous 2.5%, in Zimbabwe’s Export Credit Incentive (ECI). The ECI increase was implemented in February. 

Caledonia Mining hits new production record at Blanket mine; to increase mine stake

By: Henry Lazenby     22nd March 2018 Aim- and TSX-listed gold producer Caledonia Mining has achieved a new production record at its flagship Blanket mine, in Zimbabwe, reporting an 11.5% year-on-year improvement in output to 56 133 oz for 2017. The London-based company, which owns a 49% stake in the Blanket gold mine said all-in... 

Caledonia reaches record production at Blanket mine

By: Anine Kilian     15th January 2018 Aim-listed Caledonia Mining has reported record gold production from its Zimbabwe-based Blanket mine for the quarter ended December 31, 2017. Production for the period totalled 16 425 oz of gold, a 14% increase on the previous quarter, and 21% higher than a year ago. 

Mnangagwa's task to rebuild Zimbabwe economy

By: Bloomberg     23rd November 2017 When Emmerson Mnangagwa takes over from Robert Mugabe as Zimbabwe’s President on Friday, he’ll inherit an economic wasteland that will take years and a complete reversal of some of the government’s signature policies to set right. Among Mnangagwa’s key challenges will be to revive an... 

Caledonia’s Blanket mine on track to deliver 80 000 oz/y by 2021

By: Anine Kilian     14th August 2017 Gold miner Caledonia Mining is confident its Blanket mine, in Zimbabwe, will meet its full year production guidance of 52 000 oz to 57 000 oz, as well as the longer-term output target of 80 000 oz by 2021. The mine produced just over 25 000 oz of gold in the first half of this year, at an all-in... 

Caledonia to list on NYSE

By: Anine Kilian     24th July 2017 TSX-and Aim-listed Caledonia Mining will list on the NYSE on July 27. The listing on the NYSE is intended to provide the company with greater access to US institutional and retail investors, which, in turn, is hoped will result in better overall trading liquidity, a lower cost of capital and... 

Caledonia pursues listing on NYSE

By: Megan van Wyngaardt     24th May 2017 Caledonia Mining, which is listed on the Aim market of the LSE, as well as the OTCQX and TSX, on Wednesday said it was now seeking a fourth listing on the NYSE MKT. The gold miner, which owns 49% of the Blanket mine, in Zimbabwe, believes the listing will increase trading liquidity, while... 

Blanket’s Central shaft sinking on schedule

21st April 2017 The Central shaft at the Blanket gold mine, in Zimbabwe, remains on track to reach a target depth of 1 080 m by 2018 and is the key enabler of mining company Caledonia Mining’s longer-term life-of-mine plan at Blanket, says CEO Steve Curtis. 

Caledonia declares dividend; confirms 2017 guidance

By: Henry Lazenby     4th January 2017 TSX- and Aim-listed gold producer Caledonia Mining has declared a quarterly dividend of $0.01375, supporting its position as one of only a handful of junior gold miners on the LSE able to afford rewarding its investors. The Southern Africa-focused company’s dividend announced Tuesday is in line... 

Blanket expected to benefit from new appointments

2nd September 2016 Aim-listed Caledonia Mining chairperson Leigh Wilson says the experience of the company’s newly appointed independent nonexecutive director John McGloin will help ensure that the robust mine development plan, which is currently under way at the Blanket mine in Zimbabwe, will be successfully... 

Caledonia sees record production from Zim mine in Q2

By: Megan van Wyngaardt     11th August 2016 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. 

Caledonia lifts Blanket mine’s indicated resource

28th July 2016 The indicated resource at Zimbabwe-focused gold miner Caledonia Mining’s 49%-owned Blanket mine has increased by 343 000 t. “The upgrade of approximately 343 000 t from inferred resource to indicated resource underscores the overall confidence level of Blanket's resources. The significant... 

Caledonia declares ninth quarterly dividend

By: Megan van Wyngaardt     5th January 2016 Dual-listed gold miner Caledonia Mining has declared its ninth quarterly dividend of $0.1125 a share. Following its recent move to report its financial statements in US dollars, the company revised its quarterly dividend policy to pay $0.1125 each quarter, amounting to $0.45 a year. 

Blanket development progressing – Caledonia

By: Megan van Wyngaardt     21st September 2015 Dual-listed gold miner Caledonia Mining expects to fast-track development and increase production at its Blanket mine, in Zimbabwe, towards the end of the year, owing to having completed a tramming loop ahead of schedule in June. The company on Monday said it had also completed the sinking of the... 

Caledonia produces 9 960 oz in Q1

By: Megan van Wyngaardt     13th May 2015 Zimbabwe-focused gold miner Caledonia Mining’s 49%-owned Blanket mine produced 9 960 oz in the first quarter of the year. Although output was 2.7% lower than in the first quarter of 2014, it was in line with expectations. 

Caledonia appoints new CEO

By: Creamer Media Reporter      18th November 2014 Dual-listed Caledonia Mining, which operates the Blanket gold mine in Zimbabwe, has promoted its CFO Steve Curtis to CEO. He succeeded Stefan Hayden, who stepped down as CEO. 

Blanket Q4 production down 3.4%

By: Leandi Kolver     9th January 2014 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... 

Lower gold price continues to challenge Caledonia

By: Tracy Hancock     13th November 2013 Gold producer Caledonia Mining was “well-positioned” to continue implementing its growth strategy, notwithstanding the current volatility in the gold price, president and CEO Stefan Hayden said on Wednesday. He noted in a statement that the third quarter of 2013 presented continued challenges,... 

Blanket mine Q3 gold production up 3.9%

By: Leandi Kolver     7th October 2013 Gold producer Caledonia Mining on Monday reported a 3.9% quarter-on-quarter increase in gold production at its 49%-owned Blanket mine, in Zimbabwe, for the quarter ended September 30. Gold production for the quarter amounted to 12 042 oz, compared with the 11 588 oz produced during the second... 

Caledonia reports record yearly gold output at Zim operations

By: Natasha Odendaal     14th January 2013 TSX- and Aim-listed gold producer Caledonia Mining on Monday reported that, despite an expected fall in its fourth-quarter gold production, its Zimbabwe-based Blanket mine achieved record output for the 2012 full-year. The mine, which achieved its highest quarterly production in its 106-year... 

Quarterly output hits record at 106-year old Blanket mine

By: Megan van Wyngaardt     14th November 2012 TSX- and Aim-listed gold producer Caledonia Mining on Wednesday reported record gold production at its 106-year old Blanket mine, in Zimbabwe. The operation produced 12 918 oz in the third quarter, which is one-third more than the 9 743 oz it produced in the same period a year earlier and a 12%... 

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