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
-
State Authorises FCFA 1650 billion Domestic and External Borrowing to Fund Projects, Clear Outstanding Bills
17:17
-
IFC Signals Fresh Capital Push as Youth Firms Flag Financing and Cost Pressures
17:15
-
Cameroon Invests FCFA 735 million to Shield Digital Economy from Cyber Threats
17:14
-
Yaounde Hosts Rice Value Chain Training as Africa Targets Import Cuts, 56m Tonnes by 2030
17:10
-
Ghana’s Electric Turn: Infrastructure Wins from the Shenzhen Gecko Agreement
16:59
-
South Africa’s BoxCommerce Partners with Mastercard on SME Fintech Solution
16:57
-
Satellite Internet Becomes the New Frontier in Africa’s Connectivity Race
16:48
-
WAEMU’s Digital Food Markets: How Simple Mobile Tech Changes Prices and Trade
16:46
-
Togo’s 2026 Finance Law: Five Ministries Absorb 59% of Allocations
16:43
-
Togo and UNDP Showcase UniPod Innovation Hub to Congolese Delegation
12:30
Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...
Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...
Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring ...
Tether partnered with the United Nations Office on Drugs and Crime to strengthen digital asset cyb...
Nigeria granted Amazon Kuiper a seven-year license starting February 2026 The move opens comp...
Minister confirms the 2025 MoU is on track with land secured, moving Ghana from EV importer to a regional production hub. Success relies on a...
The BoxCommerce–Mastercard Partnership introduces prepaid cards, giving SMEs instant access to earnings and the ability to reinvest. Africa’s...
Orange Côte d’Ivoire, with Eutelsat, introduced satellite internet to reach rural and underserved areas. Orange Sat joins Starlink, OneWeb, and...
In WAEMU, basic mobile coverage lifts village prices toward city levels—about 10–12% higher near towers—as markets finally connect. Households...
Ambohimanga is a hill located about twenty kilometres northeast of Antananarivo, in Madagascar’s Central Highlands. It holds a central place in the...
Bamako hosted the first International Festival of African Documentary (FIDAB) from January 16 to 18, 2026, screening 12 African films. UNESCO...