Blanket Mine revenue rises 37%

BY MTHANDAZO NYONI
GROSS revenues at the Victoria Falls Stock Exchange (VFEX)-listed Caledonia Mining Corporation increased by 37% to US$35,1 million in the first quarter of this year, reflecting a major increase in gold production and prices, the firm said yesterday.

In the same period last year, gross revenue stood at US$25,7 million.

In its results for the quarter ended  March 31, 2022, Caledonia, which is also listed on the New York Stock Exchange and London Stock Exchange, said the high revenue reflected a 40% increase in production and a 6% increase in the realised gold price.

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