Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

16 april 2024

Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

Caledonia’s Blanket mine meets full-year production guidance

15 january 2024

Caledonia Mining has achieved its production target for the year ended December 31 at Blanket Gold Mine in Zimbabwe, as it produced 75,416 ounces (oz) of gold.

Company chief executive Mark Learmonth said the production guidance was met despite a challenging first half of the year.

Blanket produced 20,172 oz of gold in the fourth quarter of 2023.

“Our significant investment in Blanket over the past seven years and completion of the Central Shaft has nearly doubled production, extended the mine life, and allowed the restart of underground exploration in 2023,” he said.

Learmonth said that Caledonia’s 2024 guidance of 74 000 oz to 78 000 oz assumes that Blanket will broadly maintain the production rate achieved in 2023 and reflects the prudent decision to suspend mining in lower-margin areas, which include lower grades and volumes and higher costs.

The company’s budgeted capital expenditure (capex) for this year is $34.4 million, which includes planned exploration at Motapa and further work on the Bilboes feasibility studies.

On-mine cost guidance at Blanket is between $870/oz and $970/oz. All-in sustaining cost guidance ranges from $1,370/oz to $1,470/oz.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished