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Increased production, combined with lower on-mine costs per ounce and an improved gold price, resulted in a substantial increase in profit," - Steve Curtis.
Caledonia’s shareholding in Blanket (Zimbabwe) is 64% and Fremiro holds approximately 6.3% of Caledonia’s issued share capital.
Caledonia Mining Corporation has successfully completed the shaft sinking phase of its Central Shaft project at its 49%-owned Blanket mine in Zimbabwe.
Caledonia Mining has announced that the electricity supply situation at the Blanket Mine in Zimbabwe has improved substantially.
Caledonia Mining has announced the successful installation and commissioning of a new oxygen plant at the Blanket Mine in Zimbabwe.
Caledonia Mining has announced its operating and financial results for the first quarter of 2018. Gold production in the quarter was 12,924 oz, marginally higher than the first quarter of 2017 and in-line with expectations.