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Production Update & Record Annual Production at Blanket Mine

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St Helier, January 18, 2022 - Caledonia Mining Corporation Plc ("Caledonia" or the "Company" - https://www.commodity-tv.com/ondemand/companies/profil/caledonia-mining-corporation-plc/) announces quarterly and annual gold production from the Blanket Mine in Zimbabwe ("Blanket") for the quarter ended 31 December 2021 ("Q4 2021" or the "Quarter"). All production numbers are expressed on a 100 per cent basis and are based on the final assay at the refiners.

Highlights

  • Achieved more than 2,4 million fatality free shifts since 2018
  • Record total gold production during 2021 was 67,476 ounces, exceeding the Company's revised increased guidance and a 17 per cent increase on 2020 annual production
  • Quarterly production of 18,604 ounces of gold; a 24 per cent increase on the 15,012 ounces in Q4 2020
  • Gold production for 2022 is expected to be between 73,000 to 80,000 ounces[1]

 

Commenting on the announcement, Steve Curtis, Chief Executive Officer, said:

“This has been an outstanding performance and a tremendous team effort. I would like to thank all our employees for their hard work in achieving this result and that we were able to exceed our revised annual production guidance.

“The commissioning of the Central Shaft, record gold production, along with a continued commitment to safety, all in one year, is an outstanding achievement and testament to the quality of the Caledonia technical team.

"Now that the Central Shaft is complete, the Company will also focus on other areas of its growth strategy, as we continue to evaluate investment opportunities, with a vision of becoming a multi asset gold producer.”

 

 

 

 

Enquiries:

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SRC Mining & Special Situations ZertifikatSRC Mining & Special Situations Zertifikat

Caledonia Mining Corporation Plc

Mark Learmonth

Camilla Horsfall

Tel: +44 1534 679 802

Tel: +44 7817 841793

WH Ireland

Adrian Hadden/ Andrew De Andrade

Tel: +44 20 7220 1751