Caledonia Mining's Blanket Mine in Zimbabwe set a new quarterly record for gold production with 21,772 ounces during the quarter ending September 30, 2023.
This was a 3% rise compared to the 21,120 ounces produced in the same quarter of 2022.
It said that 55,244 ounces of gold were produced in the nine months leading up to September 30.
"We have invested heavily in Blanket over the last seven years, including investment this year to construct a new tailings storage facility, which is expected to have a life of at least 15 years based on the current production profile and will support production well into the future,” said company chief executive Mark Learmonth.
"The recent encouraging drill results at Blanket indicate that there is additional mineralisation that may, in due course, be accessed using the current infrastructure and which should further extend the life of Blanket."
In the meantime, Caledonia maintained its gold output forecast for 2023 at 75,000 to 80,000 ounces.
"Blanket continues to provide a solid foundation for the company, providing us with a platform for our other growth projects in Zimbabwe," he said.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
