Caledonia in Q3 record gold production

Caledonia in Q3 record gold production
Published: 06 October 2017
Caledonia Mining Corporation recorded a massive increase in gold production of 14,389 ounces for the third quarter to September 30, 2017, a 15 percent increase from the second quarter.

This was a record production for the gold mining firm at its 49 percent owned Zimbabwe based Blanket Mine. The improvement in production in the third quarter is expected to continue into the fourth quarter.

Caledonia Mining Corporation chief executive Steve Curtis said Caledonia through Blanket Mine is pleased to have achieved this milestone. Caledonia with some significant operating challenges which adversely affected production.

In May 2017 it was announced that the company's technical team was implementing various remedial measures aimed at alleviating the operating challenges and improving the reliability of underground infrastructure.

Curtis said these improvements will continue into the fourth quarter and as a result have tightened production guidance for the full year to 54,000 ounces to 56,000 ounces.

He said the company remains confident of achieving its long-term production target of 80,000 ounces in 2021 as the Central Shaft project continues to progress well. 
- the herald
Tags: Blanket, Caledonia,


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