Caledonia Mining Corporation PLC has announced the gold production figures from the Blanket Mine in Zimbabwe for the second quarter and half-year ended June 30, 2024. The company reported a 19% increase in gold production at Blanket Mine for Q2 2024 compared to the same period in 2023, with 20,773 ounces produced. Additionally, the H1 2024 gold production at Blanket was 37,823 ounces, marking a 13% increase from the first half of 2023. Caledonia has reiterated its 2024 gold production guidance at Blanket of 74,000 to 78,000 ounces.
Mark Learmonth, Chief Executive Officer of Caledonia Mining Corporation, expressed satisfaction with the performance, stating, "Blanket Mine continues to provide a solid foundation for growth as we prepare to become a multi-asset gold producer. Production in the first half of 2024 was excellent and has exceeded our expectations. We remain on track to hit our annual production target of 74,000 to 78,000 ounces of gold."
The company also disclosed that Craig James Harvey, Caledonia's Vice President of Technical Services, has reviewed and approved the scientific and technical information contained in the news release.
The announcement includes contact information for investor inquiries and legal disclaimers. It also contains a cautionary note concerning forward-looking information, emphasizing the potential risks and uncertainties associated with the company's expectations, intentions, and plans, including achieving Blanket Mine's annual production forecast.