Caledonia Mining (NYSE:CMCL) said Wednesday its Blanket mine in Zimbabwe achieved record quarterly gold production of 20,091 oz in Q2, a 20% Y/Y increase.
Caledonia (CMCL) reiterated full-year gold production guidance of 73K-80K oz after H1 2002 output totaled 38.6K oz, up 29% from the first half of 2021.
The improved performance is in line with the life of mine plan for the project, and reserves are expected to run out in 2026, Gold Panda notes in a bearish analysis published on Seeking Alpha.
