Caledonia Mining PLC hits production record
Production for the year was 42,800 ounces of gold, against 41,800
Company
Caledonia Mining Corporation PLC
LON:CMCL
Caledonia Mining Corporation Plc is a Zimbabwean focused exploration, development and mining corporation. The company owns a 64% stake in the gold-producing Blanket Mine, 100% stakes in the Bilboes Sulphide Project and the Motapa and Maligreen gold mining claims, all situated in Zimbabwe. After increasing the production at Blanket to 80,000oz in 2022, its main focus areas are to maintain production at around 75-80,000oz at Blanket, progress the Bilboes project and become a multi-asset gold producer in Zimbabwe.
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It is expecting output from the Blanket mine in Zimbabwe to rise 17% to 50,000 ounces of gold metal as it accesses new ore bodies via its No 6 Winze Project in the middle of 2016.
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