https://www.miningweekly.com

Caledonia's Blanket mine records strong production

9th July 2020

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

Gold miner Caledonia Mining's Blanket mine, in Zimbabwe, produced about 13 499 oz of gold in the quarter ended June 30.

This is an increase of about 6.2% on the 12 712 oz produced in the corresponding quarter of 2019.

This brought gold production for the first half of the year to 27 732 oz, a 12.5% increase on the 24 660 oz produced in the first half of 2019. 

Caledonia maintains its full-year production guidance at 53 000 oz to 56 000 oz and it remains on track to reach its target of 80 000 oz by 2022.

"The production of 13 499 oz in the second quarter is an outstanding achievement given the challenges faced during the quarter as a result of the Covid-19 pandemic.

"To have achieved a 6.2% increase on the comparable quarter of 2019 during a period where our workforce and supply chains were disrupted is a performance of which every employee should be justifiably proud. Thankfully the virus has not affected our operations or the broader Zimbabwean gold mining sector too seriously although we remain vigilant,” comments CEO Steve Curtis.

"For production to be 12.5% ahead of the corresponding 2019 level at the half-year stage leaves us well placed for the full year and on track to meet our full year guidance of 53 000 oz to 56 000 oz. This strong performance and high gold prices have ensured that the business remains on a very solid foundation as we prepare for the next phase of our growth with the completion of the central shaft in 2020 and increased production to 80 000 oz by 2022,” he added.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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