(Kitco News) - Caledonia Mining (NYSE: CMCL) today announced record gold production from the Blanket mine in Zimbabwe for the quarter ended 30 June 2022.
The company said that its Q2 2022 gold production of 20,091 ounces was a record for any quarter and 20 per cent increase in quarterly production on the 16,710 ounces produced in Q2 2021.
Caledonia added that gold production for the first half of 2022 was 38,606 ounces, approximately 29 per cent more than the 29,907 ounces produced in the first half of 2021.
The company reiterated that its gold production for 2022 is expected to be between 73,000 - 80,000 ounces.
COO Dana Roets commented, "Production in the first half of 2022 was excellent and exceeded our expectations. Production excludes an estimate of approximately 1,500 ounces of recoverable gold included in an ore stockpile which will be processed after the commissioning of additional milling capacity in the next few weeks.
"We have now achieved our quarterly target of 20,000 ounces and are on track to hit our annual production target of between 73,000 - 80,000 ounces of gold."
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