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Caledonia’s revised mining plan starting to pay off, says chief exec

Published: 03:01 12 Nov 2015 EST

Steve Curtis, Caledonia Mining’s (LON:CMCL) chief executive says the company is beginning to see the benefits of its revised investment plan at Blanket Mine, Zimbabwe.

A tramming loop was completed in June, which saw Blanket increase its mining activity to a record level – boosted gold production by 10% in the third quarter.

The next element of the plan is the No. 6 Winze which will start production in the first quarter of 2016, and will provide access to resources below 750 metres.

This is set to boost Blanket's production next year with a full year target for 2016 of 50,000 ounces.

Caledonia Mining tackles 2023 challenges with optimism for 2024 as it...

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