Sign up USA
Proactive Investors - Run By Investors For Investors

Caledonia Mining on track to hit targets in 2017 as quarterly production at the 49%-owned Blanket mine rose by 18%.

Some 12,794 ounces of gold were produced, putting it on track for annual production of 60,000 ounces.
picture of gold bullion
Gold produced should hit 60,000oz

Zimbabwe-based gold miner Caledonia Mining Corporation Plc (LON:CMCL) is on track to hit targets this year as quarterly production at the 49%-owned Blanket mine rose by 18%.

Some 12,794 ounces of gold were produced, putting it on track for annual production of 60,000 ounces. The long-term target is 80,000 ounces by 2021.

WATCH: Zak Mir on Caledonia Mining

Steve Curtis, Caledonia's chief executive, said progress with the development below 750m at the mine was on schedule.

Quarter-on-quarter production dipped by 6% but Curtis said this was in line with the historical quarterly production profile at Blanket with holidays and mine scheduling affecting production.

CLICK here to sign-up for the Proactive newsletter 

PhilW.jpg
Why Invest In Caledonia Mining Corporation? Read More Here

Register here to be notified of future CMCL Company articles
View full CMCL profile

Caledonia Mining Corporation Timeline

Related Articles

Southern Gold: Access latest PPT from Proactive's CEO Sessions
April 12 2017
Simon Mitchell talked cash generation and strategic planning with investors.
Eastmain1_587eae28c12b3.png
January 17 2017
Eastmain Resources Inc has a ticker code which may sound rather regal, but “ER” could offer a right royal investment return as well as it defines its tri-partite operations in Canada
Picture of gold bars of type mined by Aureus
December 09 2016
MNG Gold has strong financial backing, operational experience and is an existing operator in Liberia.
Copyright © Proactiveinvestors.com, 2017. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use