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Caledonia Mining's Blanket Mine 'a solid performer' despite challenging quarter

Steve Curtis, chief executive of Caledonia Mining Corporation PLC (LON:CMCL, TSX:CAL), tells Proactive's Andrew Scott gold output during the three months to the end of June was marginally higher than the first quarter of 2018, in line with expectations.

The Zimbabwe-focused gold miner produced 12,657 ounces – up 1.1% from the 12,521 ounces in the same three months last year – while for the six months, the tally came to 25,582 ounces.

Cost of production was also slightly higher, with the all-sustaining cost at US$856 per ounce in the second quarter, from US$855, while the average realised price for the quarter stood at US$1,278 from US$1,235 in the comparative quarter.

 

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