https://www.miningweekly.com
Exploration|Gold|Mining|Underground
Exploration|Gold|Mining|Underground
exploration|gold|mining|underground

Caledonia's Blanket mine lifts its first-quarter output by 6% y/y

10th April 2024

By: Chanel de Bruyn

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Gold miner Caledonia Mining Corporation has reported a 6% year-on-year increase in production from its 64%-owned Blanket mine, in Zimbabwe, to 17 050 oz for the first quarter of this year.

Gold sales also increased by 17% year-on-year to 18 450 oz.

Caledonia maintains its full-year production guidance for the Blanket mine at between 74 000 oz and 78 000 oz.

"Our significant investment in Blanket over the past seven years and completion of the Central Shaft has nearly doubled production, extended the mine life and allowed the restart of underground exploration in 2023.

"We continue to see Blanket as the solid foundation for growth as we pursue our strategy to become a multi-asset gold producer," CEO Mark Learmonth comments.

In addition to its shareholding in the Blanket mine, the company also wholly owns the Bilboes mine, as well as the Motapa and Maligreen gold claims in Zimbabwe.

 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)

Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points

VISIT SHOWROOM 
SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/04/2024)
26th April 2024 By: Martin Creamer
Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
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:0.074 0.112s - 91pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: