Caledonia confident Blanket Mine will meet target

Caledonia confident Blanket Mine will meet target
Published: 16 August 2017
Desperate Blanket Gold Mine's output in the second quarter remaining largely flat at 12 521 ounces from 12 510 oz in the prior comparable period, parent firm Caledonia Mining Corporation remains confident that its flagship mine will deliver its long-term target.

Caledonia is targeting to deliver annual target of 52 000 to 57 000 oz a year, while also aiming to meet its long-term target of 80 000 oz by 2021.

Blanket Mine produced just over 25 000 oz of gold in the first half of this year, at an all-in sustaining cost of $856 per oz.

Adjusted earnings a share of $0,45 were 6 percent higher than the $0, 3 reported for the first half of 2016.

Earnings a share for the second quarter of the year were, however, 38 percent lower year-on-year at $0,19. All-in sustaining costs remained under control at $855 per ounce for the quarter, a decrease of eight percent on the corresponding period in 2016.
- the herald
Tags: BlanketMine,

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