Caledonia Mining heads for Central Shaft commissioning at Blanket gold mine

Caledonia Mining says it has fully equipped the Central Shaft from its base to the surface collar at the Blanket gold mine in Zimbabwe, with commissioning on track for the March quarter of 2021.

This milestone has been completed considerably below budget and within a time frame to underpin the company’s expectation of delivering production of 80,000 oz of gold in 2022, it said.

The Central Shaft project, which extends Blanket’s life of mine to the current time horizon of 2034, was initially slated to reach a depth of 1,089 m, however, was extended to 1,204 m

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 which produced 54,512 ounces of gold in 2018 at an All in Sustaining Cost of $802/oz.

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CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

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