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Caledonia Mining's Blanket Mine continuing to punch above its weight

Steve Curtis, chief executive of Caledonia Mining Corporation PLC (LON:CMCL TSX:CAL) tells Proactive's Andrew Scott they racked up another record quarter at the Blanket mine.

Production at the 49% owned mine totalled 16,425 ounces of gold in the three months to December, 14% more than the previous quarter and 21% higher than a year ago.

For 2017 in total, production was 11% higher than the previous year at 56,135 ounces, which was just ahead of guidance and also a yearly record for Blanket.

Quick facts: Caledonia Mining Corporation Plc

Price: 655 GBX

AIM:CMCL
Market: AIM
Market Cap: £70.5 m
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Caledonia Mining reports 'excellent performance' at Blanket has continued...

Caledonia Mining PLC's (LON:CMCL) Mark Learmonth talks Proactive London's Andrew Scott through the miner's third quarter update. Production at its Blanket mine in Zimbabwe rose by 7% in the period. Gross profits increased 75% to US$8.5mln helped by a higher gold price, though the...

on 14/11/19

2 min read