Caledonia Mining quarterly output rises 4% By Ian Lyall October 07 2013, 7:59am
Caledonia Mining Corporation (CALVF, LON:CMCL, TSE:CAL) saw production grow by almost 4% quarter-on-quarter in the three months to September 30.
Output from its Blanket Mine in Zimbabwe was 12,042 ounces of the precious metal compared with 11,588 ounces in Q2.
Production for the nine months was 34,103 ounces, a 1.4% improvement on the same period last year.
Management has said previously Blanket is on course to produce around 44,000 ounces in 2013, which would be 10% higher than the previous guidance of 40,000 ounces. Monday’s update suggests it will meet the revised target.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.