Caledonia hits new gold production records at Blanket

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) produced a record 67,476 ounces of gold from its Blanket mine in Zimbabwe during 2021.

There have also been more than 2.4 million fatality free shifts worked since 2018

Quarterly production came in at 18,604 ounces of gold, a 24% increase on the 15,012 ounces produced in the fourth quarter of 2020.

Gold production for 2022 is expected to be between 73,000 and 80,000 ounces.

“This has been an outstanding performance and a tremendous team effort,” said Caledonia’s chief executive Steve Curtis.

“I would like to thank all our employees for their hard work in achieving this result and that we were able to exceed our revised annual production guidance. The commissioning of the Central Shaft, record gold production, along with a continued commitment to safety, all in one year, is an outstanding achievement and testament to the quality of the Caledonia technical team. Now that the Central Shaft is complete, the company will also focus on other areas of its growth strategy, as we continue to evaluate investment opportunities, with a vision of becoming a multi asset gold producer.”

Story by ProactiveInvestors