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Caledonia Mining Corporation
“Excellent production was achieved. During the Quarter Blanket passed the milestone of achieving two million fatality-free shifts."
This is conditional on market conditions and the implementation of positive proposals made by the Zimbabwe authorities.
“I am delighted to announce that our new Central Shaft, which is the deepest shaft of any gold mine in Zimbabwe, is fully operational."
Gold producers Caledonia Mining Corporation produced a record 57 899 oz of gold from the Blanket Mine in Zimbabwe during 2020 – the top end of the company’s revised increased guidance.
“We are pleased to announce an additional 10 per cent increase in our quarterly dividend, the fourth increase in the past 15 months."
Caledonia Mining Corporation has entered into another option agreement in Zimbabwe having entered into an option agreement over Glen Hume, also in Zimbabwe, earlier in December.
“This agreement represents the first step towards our goal of increasing our portfolio and becoming a multi-asset gold producer in Zimbabwe."
Upon completion of the project, gold production at Blanket mine is expected to progressively increase to 80 000 ozpa of gold by 2022.