Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) CFO Mark Learmonth tells Proactive 2021 proved to be a 'strong year' where revenues rose 21% to US$121mln in 2021, helped by a strong gold price and flat costs of production. Production rose to 67,476 ounces (oz) of gold (2020: 57,899oz), a new record for the Blanket Mine.
Learmonth says the strategic focus is to complete the remaining underground development associated with the Central Shaft project, which is expected to increase production, reduce operating costs and increase the flexibility to undertake further exploration and development at depth.