Caledonia on track to meet full-year production guidance
TSX-, NYSE- and Aim-listed Caledonia Mining’s Blanket mine, in Zimbabwe, produced 13 646 oz of gold in the third quarter ended September 30.
Output was 7.3% higher than the 12 712 oz produced in the second quarter.
Year-to-date production, however, decreased by 3.2% year-on-year to 38 306 oz.
Caledonia, nevertheless, remains confident of meeting its full-year production guidance of between 50 000 oz and 53 000 oz, as well as its target of producing 80 000 oz/y of gold by 2022.
CEO Steve Curtis said production during the third quarter had had “a difficult start” owing to electricity supply interruptions during July and early August.
This improved later in the quarter, he added.
Caledonia also completed the shaft sinking phase of the central shaft project during the quarter, marking a significant milestone for the miner.
The shaft has now entered the equipping phase of the project, which Caledonia expects to be completed in mid-2020.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation