Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Caledonia Mining on track to hit targets in 2017 as quarterly production at the 49%-owned Blanket mine rose by 18%.

Some 12,794 ounces of gold were produced, putting it on track for annual production of 60,000 ounces.
picture of gold bullion
Gold produced should hit 60,000oz

Zimbabwe-based gold miner Caledonia Mining Corporation Plc (LON:CMCL) is on track to hit targets this year as quarterly production at the 49%-owned Blanket mine rose by 18%.

Some 12,794 ounces of gold were produced, putting it on track for annual production of 60,000 ounces. The long-term target is 80,000 ounces by 2021.

WATCH: Zak Mir on Caledonia Mining

Steve Curtis, Caledonia's chief executive, said progress with the development below 750m at the mine was on schedule.

Quarter-on-quarter production dipped by 6% but Curtis said this was in line with the historical quarterly production profile at Blanket with holidays and mine scheduling affecting production.

CLICK here to sign-up for the Proactive newsletter 

PhilW.jpg
Why Invest In Caledonia Mining Corporation? Read More Here

Register here to be notified of future CMCL Company articles
View full CMCL profile

Caledonia Mining Corporation Timeline

Related Articles

no_picture_pai.jpg
April 12 2017
Pan African hopes to be in production at Elikhulu in the final quarter of next year.
picture of gold and dollars
March 14 2017
The advancement of over 100,000 ounces from the lower-confidence inferred category to indicated classification was significant.
shutterstock_157865516-001_580d4502e2d04.jpg
October 24 2016
These mid-program results demonstrate the potential the Wa Gold Project has to host shallow gold mineralisation.

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use