Blanket Mine gold production slumps

GOLD production at Caledonia Mining Corporation (Caledonia)’s flagship operation — Blanket Mine — declined 9% to 33 472 ounces in the first half of this year compared to the prior period due to several first quarter mechanical breakdowns.

The Victoria Falls Stock Exchange-listed mining concern also said its asset, Bilboes Oxides would be placed under care and maintenance with effect from October 1, 2023.

In its 2023 second quarter production update, Caledonia said production at Blanket in the second quarter was 17 436 ounces, representing an 8,7% increase on the first quarter of 2023.

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