Caledonia Mining has announced its gold production from the Blanket Mine in Zimbabwe for the quarter ended September 30, 2022. Gold production hit a high record of 21,120 ounces, superseding a record for any quarter.
The company saw an 11 % increase in production compared to 18,965 ounces produced in the corresponding quarter of 2021. Gold produced in the nine months to September 30, 2022 was 59,726 ounces, 22 per cent more than the 48,872 ounces produced in the nine months to September 30, 2021. Reiterated gold production for 2022 is expected to be at the top of guidance of between 73,000 – 80,000 ounces.
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.