Caledonia Mining reiterates gold output guidance for 2024

(Alliance News) - Caledonia Mining Corp PLC on Wednesday said it expected gold production in 2024 ...

Alliance News 10 July, 2024 | 10:16AM
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(Alliance News) - Caledonia Mining Corp PLC on Wednesday said it expected gold production in 2024 to be similar to 2023, as output surged in the second quarter.

The Zimbabwe-focused gold producer said gold output at the Blanket mine in Zimbabwe jumped 19% to 20,773 ounces in the second quarter of 2024, from 17,436 oz a year prior.

In the first half of 2024, gold production was 13% higher at 37,823 oz from 33,472 oz.

Chief Executive Mark Learmonth said: "Blanket mine continues to provide a solid foundation for growth as we prepare to become a multi-asset gold producer."

Caledonia Mining reiterated its 2024 gold output guidance of 74,000 to 78,000 oz, within its 2023 gold production of 75,416 oz.

Caledonia Mining shares rose 3.2% to 810.00 pence each on Wednesday morning in London.

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Caledonia Mining Corp PLC 871.00 GBX 2.47 -
Caledonia Mining Corp PLC 10.77 USD 3.96 -

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