
businessJul 20, 20264:57pending
Caledonia CEO on improving grades and H2 gold production growth
About this episode
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) CEO Mark Learmonth joined Proactive's Stephen Gunnion with an encouraging production update from the Blanket Mine in Zimbabwe.
Gold output rose to 17,360 ounces in Q2, up 18% from 14,767 ounces in Q1, as the company made progress in restoring access to higher-grade mining areas. Grades have been improving steadily since January, averaging 2.88 grams per tonne in Q2 and tracking at around 3.05g/t so far in July — a level Learmonth expects to hold for the rest of the year.
Full-year guidance of 72,000 to 76,500 ounces remains firmly in place, with production expected to be weighted towards the second half. Three factors underpin that confidence: improving access to higher-grade ore, the completion of an elution plant upgrade from September, enabling the processing of stockpiled fine-grain loaded carbon, and additional ore processing capacity following the introduction of a seven-day working week from June.
Learmonth said the measures taken to restore access to higher-grade ore are "gaining traction" and that the company remains confident in hitting its full-year target.
The cautionary note concerning forward-looking information in the announcement applies to the content of this video.
Please see the report here: https://polaris.brighterir.com/public/caledonia_mining/news/rns_tool/story/w1z0o3x
For more interviews and market insights, visit the Proactive YouTube channel. Don't forget to like this video, subscribe to the channel and enable notifications so you never miss future updates.
#CaledoniaMining #GoldMining #Gold #Mining #Zimbabwe #BlanketMine #MarkLearmonth #GoldProduction #PreciousMetals #MiningStocks #SmallCapStocks #Investing #ResourceStocks #ProactiveInvestors
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