Caledonia Mining Reports Record Q1 Gold Production at Blanket Mine
Why we think this is neutral
This is a general production update from Caledonia Mining, which does not contain any of the mandatory news types such as contract, order, trading update, financing, or results. While the production numbers are positive, the RNS does not provide enough information to determine a stronger sentiment score.
Key Points
- Quarterly gold production of 18,671 ounces, exceeding 17,050 ounces produced in Q1 2024
- New first quarter production record, surpassing the previous high of 18,515 ounces set in Q1 2022
- Tonnes milled for the Quarter were 201,755 tonnes, 23,793 tonnes (13.4%) above expectation
- The surface stockpile increased significantly to approximately 15,000 tonnes
Summary
The mining company reports record first quarter gold production at its Blanket Mine, setting a strong foundation for 2025.
Caledonia Mining Corporation Plc announced record gold production of 18,671 ounces at its Blanket Mine in Zimbabwe for the first quarter of 2025, exceeding the previous first quarter record. The company remains on track to achieve its full-year production guidance of 74,000-78,000 ounces.
GENERAL UPDATE