Caledonia reports 25% gold production increase in Zimbabwe in third quarter
(Kitco News) - Caledonia Mining todayannounced that in Q3 2021, gold production from its Blanket mine in Zimbabwewas 18,965 ounces, a new production record and an increase of 25% on the 15,155ounces produced in the corresponding quarter of 2020.
Gold produced in the ninemonths to September 30, 2021 was 48,872 ounces, 14% more than the 42,887 ouncesproduced in the nine months to September 30, 2020.
The company said that productionguidance for the year to December 31, 2021 has been narrowed at the top end ofprevious guidance at 65,000 and 67,000 ounces, and that it remains on track toachieve its production target of 80,000 ounces in 2022.
Commenting on theannouncement, CEO Steve Curtis said, "I am delighted that this quarter wehave once again set a new production record as Blanket begins to reap therewards of the substantially increased production capacity following thecommissioning of the Central Shaft in March 2021."
"The completion ofCentral Shaft and the resultant increase in production also means that we areable to execute other areas of our growth strategy such as the agreement toacquire Maligreen that we announced last month. This is an exciting time forthe company and I look forward to continuing to update shareholders of ourprogress," he added.
By Vladimir BasovFor Kitco News
Follow kitconewsnow
vbasov@kitco.comwww.kitco.com