(Kitco News) – Caledonia Mining Company (NYSE AMERICAN & AIM: CMCL) introduced as we speak its quarterly and annual gold manufacturing outcomes from the Blanket mine in Zimbabwe.
The corporate reported a document whole gold manufacturing of 57,899 ounces in 2020, which is the highest finish of the corporate’s revised elevated steerage. For comparability, Caledonia Mining produced 55,182 ounces of gold in 2019.
Roughly 15,012 ounces of gold was produced throughout This fall 2020.
The corporate mentioned that gold manufacturing for 2021 is predicted to be between 61,000 – 67,000 ounces.
CEO Steve Curtis commented, “I’m delighted by Blanket mine’s continued robust working efficiency in This fall and that we had been capable of hit the highest finish of our revised annual manufacturing steerage. Regardless of the challenges of the Covid-19 pandemic, 2020 was a document 12 months for Caledonia operationally, and we’re on monitor for commissioning of Central shaft to be accomplished within the first quarter of 2021. In December we additionally introduced that we had entered into possibility agreements on two properties in Zimbabwe, delivering on our technique of natural progress, whereas rising the dividend for the fourth time in the beginning of January to 11 cents a share, creating real worth and returns for our shareholders.”
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