CALEDONIA Mining Corporation (Caledonia) says it expects gold production to be between 75 000 and 80 000 ounces at Blanket Mine this year.
The miner maintained its production guidance despite a 13 percent decrease in gold output to 16 036 ounces for the quarter ended March 31, 2023, due to plant failures and logistical issues, which have now been resolved.
Caledonia chief executive Mark Learmonth said production in the early part of April 2023 was better than expected.
“Gold production at Blanket is usually lower in the first quarter of each year and increases in the following quarters. This trend is in evidence this year, albeit production in the first quarter of 2023 was below our target due to a series of issues including equipment failures and logistical issues,” Learmonth said in a production
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