Caledonia Mining Corporation Plc Production Update & Record Annual Production at Blanket Mine
ST HELIER, Jersey, Jan. 18, 2021 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (NYSE AMERICAN & AIM: CMCL) ("Caledonia" or the "Company") announces quarterly and annual gold production
from the Blanket Mine in Zimbabwe ("Blanket") for the quarter ended 31 December 2020 ("Q4 2020" or the "Quarter"). All production numbers are expressed on a 100 per cent basis and are based on mine
production data and are, therefore, subject to adjustment following final assay at the refiners.
- Record total gold production during 2020 was 57,899 ounces, the top end of the Company’s revised increased guidance.
- Approximately 15,012 ounces of gold was produced during the Quarter.
- Gold production for 2021 is expected to be between 61,000 – 67,000 ounces.
Commenting on the announcement, Steve Curtis, Chief Executive Officer, said:
"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.”
Mr Dana Roets (B Eng (Min.), MBA, Pr.Eng., FSAIMM, AMMSA), Chief Operating Officer, is the Company’s qualified person as defined by Canada’s National Instrument 43-101 and has approved any scientific or technical information contained in this news release.
For further information please contact:
Caledonia Mining Corporation Plc
Tel: +44 1534 679 800
Tel: +44 7817 841 793
WH Ireland (Nomad & Broker)
Adrian Hadden/ James Sinclair-Ford
Tel: +44 20 7220 1751
Tim Blythe/Megan Ray
Tel: +44 207 138 3204
Tel: +1 917 991 7701
Tel: +1 203 940 2538
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.