Caledonia Mining Corp PLC - Zimbabwe-focused gold producer - Sees record total gold production from Blanket mine in Zimbabwe in 2020 of 57,899 ounces, the top end of the company's revised increased guidance. Gold production for 2021 is expected to be between 61,000 and 67,000 ounces.
Chief Executive Steve Curtis says: "I am delighted by Blanket mine's continued strong operating performance in the quarter and that we were able to hit the top end of our revised annual production guidance."
"Despite the challenges of the Covid-19 pandemic, 2020 was a record year for Caledonia operationally, and we are on track for commissioning of Central Shaft to be completed in the first quarter of 2021. In December we also announced that we had entered into option agreements on two properties in Zimbabwe, delivering on our strategy of organic growth, while increasing the dividend for the fourth time at the start of January to 11 cents a share, creating genuine value and returns for our shareholders," Curtis adds.
Current stock price: 1,173.50 pence
Year-to-date change: down 2.6%
By Paul McGowan; paulmcgowan@alliancenews.com
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Caledonia Min (CMCL)