Aim-listed
Caledonia Mining’s
Blanket
mine,
in
Zimbabwe,
produced
18
671
oz
of gold in
the
first
quarter
of
this
year,
exceeding
the
17
050
oz
produced
in
the
first
quarter
of
2024.
This
is
a
new
first-quarter
production
record,
surpassing
the
previous
high
of
18
515
oz
achieved
in
the
first
quarter
of
2022.
Tonnes
milled
for
the
quarter
were
201
755
t,
23
793
t
(13.4%)
above
expectation.
The surface stockpile
increased
to
15
000
t
as
run-of-mine
production
exceeds
milling
capacity.
Blanket
remains
on
track
to
achieve gold production
guidance
of
74 000
oz
to
78
000
oz
this
year.
CEO Mark
Learmonth welcomed
the
strong
quarterly
performance,
especially
considering
that
the
first
quarter
is
traditionally
the
weakest
for
the
company.
“This
achievement
reflects
continued
operational
improvements
and
the
dedication
of
our
team
on
the
ground.
The
significant
increase
in
both
tonnes
milled
and
the surface stockpile
provide
a
strong
foundation
for
the
remainder
of
the
year.
“This
is
an
excellent
start,
and,
with
a
strong gold price,
we
are
well
positioned
to
generate
healthy
cash
flows
and
to
continue
investing
in
our
growth projects,”
he
says.