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CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

Blanket Gold Mine boosts gold production

Blanket Gold Mine upped production of the precious metal during the first quarter to 31st March 2020.

The mine produced 14,233 ounces of gold from its Blanket Mine, up 11,948 produced in the previous comparable period.

Strategies implemented by the Caledonia Mining Corporation-owned mine during the period ensured production continued at approximately 93% of initially set targets during Zimbabwe’s lockdown period.

Caledonia Mining Corporation plc (LON:CMCL) is a profitable cash generative gold producer with a strong growth profile, Caledonia’s primary asset is the Blanket Mine in Zimbabwe which produced 54,512 ounces of gold in 2018 at an All in Sustaining Cost of $802/oz.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.