Government has commended the headway that Blanket Mine has made towards increasing production to 7,100 ounces of gold per month in line with the firm’s annual production target of 80,000 ounces from next year and beyond.
This follows the successful completion of the $US67 million central shaft project, which is already operational by Caledonia Mining, which owns the Gwanda-based gold mine in March this year.
Caledonia Mining Corporation plc (LON:CMCL) is a profitable cash generative gold producer with a strong growth profile, Caledonia’s primary asset is the Blanket Mine in Zimbabwe.