Caledonia surpasses gold production target again
Caledonia Mining Corporation’s Gwanda based miner, Blanket Mine has exceeded its yearly production target after recording total gold production for 2020 of 57,899 ounces.
The company had targeted to produce between 53 000 and 56 000 ounces in 2020.
Caledonia also surpassed its production target in 2019, producing approximately 55,182 ounces of gold, ahead of revised production guidance of 50,000 – 53,000 ounces.
The Matebeleland based miner has performed momentously despite the country’s gold production declining by over 30 percent in 2020.
The company has vowed to help the government of Zimbabwe achieve the President’s 2030 vision which will see the country becoming an upper-middle-income earner.
The gold mining firm has previously said that it will work hard for the mining sector to achieve a US$12 BILLION mark by 2023.