Caledonia Mining Corp. Plc has a record quarter at the Blanket mine in Zimbabwe.
For the quarter ended 31 December 2017 (4Q17), gold production totalled approximately 16 425 oz, a new quarterly production record for the mine. Production was 14% higher than the previous quarter, which was itself a record production quarter, and 21% higher than the corresponding quarter of 2016.
Total 2017 gold production was approximately 56 135 oz, marginally ahead of 2017 production guidance of 54 000 – 56 000 oz. 2017 production represents a new annual production record for the Blanket mine, an increase of 11.4% over the annual gold production in 2016.
Steve Curtis, CEO of Caledonia, said: “We are very pleased to have achieved our full year production guidance for 2017 and to have delivered a second consecutive quarterly production record at Blanket for the fourth quarter of 2017, surpassing the previous production record set in the third quarter. Full year production of 56 135 oz for 2017 is a significant achievement especially when considering the relatively slow production we experienced in the first half of the year. To finish the second half of the year with two quarterly production records and the production of almost 31 000 oz of gold in the six month period is an achievement of which all of our technical and production staff should be justifiably proud and bodes well for the delivery of our expansion plans at Blanket as we continue to invest for the production of 80 000 oz by 2021.”