Caledonia Mining Corporation plc Announces Gold Production from the Blanket Mine in Zimbabwe for the Quarter Ended December 31, 2017
January 15, 2018 at 12:30 pm IST
Caledonia Mining Corporation Plc announced gold production from the Blanket Mine in Zimbabwe for the quarter ended December 31, 2017. Approximately 16,425 ounces of gold were produced during the quarter, a new quarterly production record for the mine. Production in the quarter was 14% higher than the previous quarter (third quarter of 2017) which was itself a record production quarter, and 21% higher than the corresponding quarter of 2016 (fourth quarter of 2016). Total 2017 gold production was approximately 56,135 ounces, marginally ahead of 2017 production guidance of 54,000 – 56,000 ounces. 2017 production represents a new annual production record for the Blanket Mine, an increase of 11.4% over the annual gold production in 2016.