ZIMBABWE focused gold miner, Caledonia Mining Corporation (Caledonia), says Blanket Mine — its flagship operation in the country — produced 15 012 ounces of gold during the final quarter of 2020, pushing it to a record haulage of 57 899 ounces for the year.
The mine produced 55 182 ounces of gold in 2019. In an earlier production update, Caledonia reviewed its annual volumes projection to 58 000 ounces from between 53 000 ounces and 56 000 ounces. “Record total gold production during 2020 was 57 899 ounces, the top end of the company’s revised increased guidance,” the New York Stock Exchange-listed company announced in an update last week.
The company predicted that production at the mine would continue to grow through 2021, projecting volumes of between 61 000 and 67 000 ounces. “I am delighted by Blanket Mine’s continued strong operating performance in the quarter and that we were able to hit the top end of our revised annual production guidance,” Steve Curtis, the company’s chief executive officer
Subscribe to The Financial Gazette
This is premium content. Subscribe to read article.