Caledonia Mining Corporation Plc (LON:CMCL) has announced gold production from the Blanket Mine in Zimbabwe for the quarter ended 31 March 2022. All production numbers are expressed on a 100 per cent basis and are based on the final assay at the refiners.
Highlights
· Quarterly gold production of 18,515 ounces, a record for any first quarter
· 40 per cent increase in quarterly production on the 13,197 ounces produced in Q1 2021
· Reiterated gold production for 2022 is expected to be between 73,000 to 80,000 ounces[1]
Commenting on the announcement, Steve Curtis, Caledonia Mining Chief Executive Officer, said:
“I am delighted that during this quarter we have set a new first quarter production record. 18,515 ounces is ahead of our expectations and reflects the increased capacity at Central Shaft.
“The ramp-up in production towards our quarterly target of 20,000 ounces means that we are on track to meet our annual production target.
“As previously announced, very sadly during the quarter a fatal accident resulted in the death of a Blanket employee. We always take the safety of our employees very seriously and I join my colleagues in expressing our sincere condolences to the family, friends and colleagues of the deceased.”
