OreStocks

Allied Critical Metals Inc. press release

Caledonia Mining back on track at Blanket, reiterates full-year production guidance

CSE - Canadian National Stock Exchange · Tungsten · Tin · Copper · Silver · Molybdenum · Zinc · Bismuth · Lead · Rare Earth Elements · Uranium · Thorium · Gold · Canada · Production & Operations

(NewsDirect)

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) CEO Mark Learmonth speaks to Proactive's Thomas Warner after releasing a Q3 production update for the gold producer's Blanket gold mine third quarter that puts the company back on track to reach its target for the full-year.

Learmonth explains that the third quarter saw production of nearly 21,800 ounces, surpassing expectations and marking a significant improvement from the first two quarters of the year. He addresses the challenges faced by Caledonia during the first half of 2023, describing them as "by no means systemic" and reaffirms the full-year production guidance of 75,000 to 80,000 ounces.

While the company is exploring new ventures, such as the Bilboes and Motapa Projects, Learmonth emphasises the integral role of the Blanket asset, describing it as the cornerstone for business growth. Looking ahead, he hopes for a smoother operation next year, aiming for a sustainable production rate of 80,000 ounces.

Contact Details

Proactive UK Ltd

Proactive UK Ltd

+44 20 7989 0813

uk@proactiveinvestors.com

Copyright (c) 2023 TheNewswire - All rights reserved.

Earlier from Allied Critical Metals Inc.

More production & operations releases