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Caledonia’s Zim gold mine on track to deliver 80 000 oz/y by 2021

By:  
Contributing Editor Online
 
GOLD
Gold miner Caledonia Mining is confident its Blanket mine, in Zimbabwe, will meet its full year production guidance of 52 000 oz to 57 000 oz, as well as the longer-term output target of 80 000 oz by 2021. The mine produced just over 25 000 oz of gold in the first half of this year, at an all-in sustaining cost of $856/oz. Adjusted earnings a share of $0.45 were 6% higher than the $0.43 reported for the first half of 2016. Earnings a share for the second quarter of the year were, however, 38% lower year-on-year at $0.19.
 
 
 
 
 

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