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
-
Safacam Plans Higher Dividend as Profits Rise but Earnings Stay Uneven
04:30
-
Cameroon Reviews Metals Industry to Address Supply and Energy Constraints
04:16
-
CEMAC Plans Tighter FX Rules, but CFA6 Trillion Still Beyond Reach
21:31
-
Douala Port Expands Niger Transit Trade but Faces Strong Regional Competition
21:28
-
Cameroon’s Soap Exports Surge, Driving Revenue Growth Despite Supply Constraints
21:11
-
Derrick Bundi Builds Cross-Border Payments Platform With Pretium
21:00
-
Ng'winula Kingamkono Builds Debt-Free E-Commerce Platform in Tanzania
20:56
-
Chad Moves to Modernize Digital Laws Amid Technology Surge
20:52
-
Togo launches programme to train 240 women in heavy truck driving
20:15
-
Gozem in talks to secure €21 million from IFC to fund expansion
19:57
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...
Cameroon’s exports of household bar soap rose sharply in 2025, reaching 74,208 tons, up from 56,624 tons in 2024, according to the latest foreign trade...
Burkina Faso targets 6.1% growth in 2027 under plan Revenues and spending rising; deficit projected near 2.8% GDP Outlook supported by gold,...
IMF approves $266M RSF financing for Liberia climate resilience Additional $26M disbursed under ECF, total...
Axian Telecom partners with Oracle to unify management systems Platform to enable AI rollout, improve governance and...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....
CANAL+'s film arm backs a ZAR 300-million feature rooted in South Africa's anti-apartheid music movement. Production kicks off June 29 in Cape Town,...