Caledonia Mining reports record Q1 gold production in Zimbabwe
(Kitco News) - Caledonia Mining today reported Q1 2022 gold production of 18,515 ounces at its Blanket mine in Zimbabwe, a record for any first quarter and a 40% increase over 13,197 ounces produced in Q1 2021.
The company also reiterated that its gold production for 2022 is expected to be between 73,000 to 80,000 ounces.
CEO Steve Curtis commented, "I am delighted that during this quarter we have set a new first quarter production record. 18,515 ounces is ahead of our expectations and reflects the increased capacity at Central Shaft.
"The ramp-up in production towards our quarterly target of 20,000 ounces means that we are on track to meet our annual production target.”
Caledonia Mining’s primary asset is the Blanket gold mine in Zimbabwe. By 2022 the company plans to increase its annual production to 80,000 ounces.