logo-loader
Caledonia Mining Corporation

Caledonia Mining expects better recoveries and lower costs from new plant at Blanket

"The new oxygen plant will provide up to six tonnes of improved oxygen supply to the Blanket Carbon-in-Leach plant which is expected to increase recoveries to approximately 94 per cent."

Caledonia Mining Corporation -

Caledonia Mining Corporation Plc (LON:CMCL) has commissioned a new oxygen plant at the Blanket Mine in Zimbabwe.

The new plant will improve metallurgical recovery and reduce cyanide consumption at Blanket with gold recoveries expected to rise 94% from 93% this year.

Steve Curtis, the chief executive, said the plant was the latest in a series of investments to increase production and improve operating proficiency at Blanket as production rises to 80,000 ounces per annum by 2022.

 "The new oxygen plant will provide up to six tonnes of improved oxygen supply to the Blanket Carbon-in-Leach plant which is expected to increase recoveries to approximately 94 per cent.

 "We also anticipate that the oxygen plant will result in slightly lower operating costs as cyanide consumption is expected to be reduced as a result of the improved oxygen supply; and the operating costs of the new oxygen plant are predicted to be lower than those of the previous two-tonne plant."

Quick facts: Caledonia Mining Corporation

Price: 565 GBX

Market: AIM
Market Cap: £60.81 m
Follow

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Caledonia Mining Corporation named herein, including the promotion by the Company of Caledonia Mining Corporation in any Content on the Site,...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Caledonia Mining on track to hit full year guidance as...

Caledonia Mining Corporation Plc's (LON:CMCL) Steve Curtis speaks to Proactive London's Andrew Scott following the release of their third-quarter production numbers for the Blanket Mine, in Zimbabwe. The quarterly production figure, 13,646 ounces, marks a 7.3% increase on the 12,712 ounces...

6 days, 22 hours ago

2 min read