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

Caledonia Mining confirms record annual production at Blanket

Caledonia Mining confirms record annual production at Blanket

Caledonia Mining’s (LON:CMCL TSE:CAL) Blanket Mine in Zimbabwe notched up a new annual production record in 2012, despite output easing slightly in the last three months of the year.

Total gold production for 2012 was 45,600 ounces (oz), a 27% increase over 2011’s 35,800 oz.

Blanket’s quarterly production to December of 11,980 oz was lower than the record 12,919 oz achieved in the previous three months, but was a 14% increase on the previous year’s fourth quarter.

Stefan Hayden, Caledonia's president and chief executive said: "As anticipated and as previously advised, gold production in Q4 was lower than in Q3 as the achieved grade returned towards the long term average of 3.84 g/t [grams per tonne].

“The production of 11,980 oz achieved in Q4 is an excellent performance by Blanket and is 16.5% higher than the targeted production of 10,000 oz/quarter. “

Caledonia recently unveiled plans to increase production at Blanket by 90% to 76,000 ounces annually over the next three years.

 

Why Invest In Caledonia Mining? Read More Here

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

Caledonia Mining Timeline

Newswire
December 16 2015

Related Articles

Whittle optimisation study works wonders at Condor Gold’s La India project
October 27 2015
Condor Gold's latest optimisation study has significantly enhanced the economic potential of its La India mine
Indeed, the scale and potential of Mankayan is not in question.
April 23 2015

The fact that Bezant Resources, one year on, is still looking for a partner or acquirer to bring its massive flagship Mankayan gold project into fruition, belies the AIM firm's hard work behind the scenes.

July 28 2015
“We are targeting the completion of the processing plant in September and the smelter in October.”

© Proactive Investors 2016

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.