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
-
Togo, Benin and Senegal launch free community roaming services
19:15
-
Ecobank’s 2025 performance: growth, discipline and the return of dividends
18:41
-
Weekly Health Update | Vaccination Gains Advance in Africa; Antimalarial Resistance Threatens Progress
18:16
-
West Africa’s Onion Trade Runs Largely on Informal Networks — a System Both Stabilizing and Fragile
17:42
-
Niger Tightens Firearms Regulations Amid Rising Security Threats
20:52
-
Ahmed Rostom’s Wuilt Simplifies Online Business Creation Across Africa
17:55
-
Botswana Tech Fund Debuts $67.5 Million Vehicle for Southern African Startups
17:54
-
Burkina Faso Prioritizes Tech Sovereignty in Talks with Italian Investors
17:52
-
IT Specialist Mohammed Ouahabi Disrupts Algerian Healthcare with Nafsia
17:50
-
Cameroon Commissions First Private Solar Mini-grid Under Energy Compact
14:35
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Mobile phones have become essential tools for work, education, payments and staying connected across...
Ecobank Transnational Incorporated asked shareholders to vote on a $500 million Tier 2 Eurobond...
Africa produces what it doesn’t consume, and consumes what it doesn’t produce. That stark line captu...
Funding part of $250 million raise to boost investor confidence Fintech expands services, pr...
Ecobank’s 2025 results reflect the shift of a pan-African bank toward a more profitable, disciplined and long-term-oriented model. At 40, the challenge is...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to the progress and fragility of vaccination campaigns...
A staple of West African cuisine, onions are among the sub-region’s most widely grown horticultural products and a key driver of intra-regional trade,...
Niger adopts draft decree to regulate firearm acquisition, possession, and use New framework introduces stricter controls, traceability requirements,...
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,...
Burkina Faso launches “SORA” university series filming in Ouagadougou 25-episode project explores student life challenges and...