Zimbabwe : Production surges 20% at Blanket mine
Tuesday, 12 July 2016 19:00
TSX-listed miner Caledonia Mining produced in Q2 2016, 12,509 oz of gold, up 20% from the same quarter the previous year. This output is also 16% higher than that in Q1 2016.
The firm also said it is on the right track to achieve its 50,000 oz goal for the year. It plans to gradually increase production throughout the rest of the year, eying 14,000 oz in its last quarter.
During Q1 2016, Caledonia produced 10,822 oz of gold, growing 8.7% compared to Q1 2015, 9,960 oz.
Caledonia Mining Corporation, which owns 49% of the Blanket gold project in Zimbabwe, announced it wishes to sell 15,000 oz of gold with a risk coverage of $1,050-$1,080 per ounce.
Louis-Nino Kansoun
Live News
-
Cameroon’s Sugar Leader Seeks More Protection as Sector’s Structural Weaknesses Persist
17:26
-
Cameroon Maintains Banana Export Levels Despite a Producer Leaving the Market
17:18
-
African experts urge G20 to create fast-track debt refinancing tool
17:12
-
At G20, African Panel Demands Oversight of Global Rating Agencies, Cites Cost to Development
17:07
-
Cameroon Week on Entrepreneurship Puts Spotlight on Rule Reserving 40% of Deals for Local SMEs
16:24
-
Togo installs new municipal teams as decentralization enters second term
13:55
-
CEMAC Banks Face Strict November 2025 Deadline to Adopt New Anti-Fraud Payment Standard
13:49
-
Lands Authority Puts 360 New Residential Plots on Cameroon’s Real Estate Market
13:45
-
Government to Auction Impounded Kerosene Worth 1.82 million FCFA
13:44
-
Accra to Host 19th eLearning Africa Conference in June 2026
13:13
DRC met Alibaba, Isoftstone to discuss adapting China’s e-commerce model Joint working group ...
The new unified platform replaces the NIBSS Instant Payments system. It connects banks, finte...
DRC minister visited Huawei China center to boost AI training cooperation Talks focused on launch...
Ghana to allocate $2.8B in 2026 budget for major road infrastructure push Funding targ...
Somalia and Algeria signed multiple agreements covering education, agriculture, energy, diplomacy,...
Sosucam opens 2025-2026 sugar season, urges tighter import controls Company warns of oversupply risks, cites global subsidies and local...
Cameroon banana exports stable despite BPL halting shipments since September 2025 CDBM drives growth with export surges of 86% and 97.8% in...
Panel warns that several low-income countries face mounting debt pressure Calls for a simple mechanism to replace costly debt with affordable...
African experts urge G20 to address bias in global credit ratings Report says unfair ratings raise borrowing costs, harm development efforts AU plans...
Orange Egypt and Qatar’s Qilaa International Group have partnered to develop WTOUR, a digital platform offering trip planning, hotel bookings, local...
Singita will invest $60m to build a 60-bed lodge on Santa Carolina Island and $42m in projects across the Bazaruto Archipelago. The...