Gold production at Caledonia Mining Corporation’s Gwanda-based Blanket Mine jumped 40 percent to 18 515 ounces in the first quarter to March 31 2021 compared to 13 197 ounces produced in the previous quarter driven by continuous capital investments.
Group chief executive, Steve Curtis, in a production update said the output was a first quarter record performance given the period is usually affected by the rains.
“… during this quarter we have set a new first quarter production record and 18 515 ounces is ahead of our expectations and reflects the increased capacity at Central Shaft,” he said.
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.