Gold producer, Caledonia Mining Corporation has announced a record production of 67,476 ounces at its Gwanda subsidiary, Blanket mine for the year ended December 31, 2021.
The robust gold production corresponded with gross revenue of $121 million from 100 million recorded in 2020 and a gross
Caledonia Mining Corporation Plc has announced a US$46,6 million profit at its Blanket Mine for the year ended December 31, 2020 despite the COVID-19 factor that wreaked havoc across the globe.
The US$46,6 million profit represents almost 50 percent higher profit than 2019's US$31,1 million.
Caledonia Mining Corporation Plc has announced that further to its announcement on December 10, 2020, that it had entered into an option agreement over Glen Hume, it has now entered into a further option agreement in respect of another area in Zimbabwe, Connemara North.
Caledonia Mining Corporation recorded gross profit of US$9.2 million at its Blanket Mine in the financial results for the second quarter ended June 30, 2020 representing a 30 percent increase from the US$7.0 million from the corresponding quarter in 2019.
Commenting on the results, Caledonia Mining
Caledonia Mining Corporation has announced an increased quarterly dividend of eight and a half United States cents (US$ 0.085) on each of the Company's common shares.
This represents a cumulative 24% increase since October 2019.
In a statement released today, the company indicated that stable production, a
Caledonia Mining Corporation has recorded a gross profit of $10,6 million for the financial year ending 31 March, representing a 146 percent increase from the $4.3 million recorded in the previous year.
Gross revenues of $23.6 million, a 48 per cent increase on the $15.9 million
An improvement in electricity supply in the quarter ending December 31, 2019 has seen Caledonia Mining Corporation Plc recording 24 percent growth in gold production at its Blanket Mine.
According to the company, approximately 16,876 ounces of gold were produced during the quarter, exceeding the previous
Caledonia Mining Corporation Plc has successfully installed and commissioned a new oxygen plant at the Blanket Mine which is expected to improve metallurgical recovery and reduce cyanide consumption at Blanket.
Based on test work conducted, it is anticipated that the plant will improve overall metallurgical recoveries at