ONTARIO – Caledonia Mining has reworked the preliminary economic assessment for the expansion of operations at its Blanket mine in Matabeleland South, after the Ontario Securities Commission asked it to consider expansion below the 750 metre level as a standalone project.
Zimbabwe-focused Caledonia Mining has reached certain important milestones as part of efforts to increase production at its 49%-owned Blanket mine to 80 000 oz/y by 2021.
JOHANNESBURG – Aim-listed Caledonia Mining on Tuesday announced an increase and upgrade to the gold resource base at its 49%-owned Blanket mine, in Matabeleland South.
Caledonia Mining yesterday said a contractor was killed on Thursday night at one of its Blanket Mine’s satellite exploration sites.
Production from indicated and measured mineral resources at Blanket Mine in Gwanda is seen tapering off by nearly 86% to 6 000 ounces by 2021, but inferred resources are expected to rise significantly over the same period.
Dual-listed Caledonia Mining, which operates the Blanket Gold Mine in Matabeleland South, has promoted its chief financial officer Steve Curtis to chief executive officer.
Caledonia Mining has trimmed its forecast for gold production and earnings this year after a dip in grades at its Blanket mine in Matabeleland South, but vowed to maintain its dividend.
OTTAWA – Canada’s Caledonia Mining continues to expect gold production to increase from its Blanket Mine in Matabeleland South in 2014, as it posted what it called a “creditable” set of full-year 2013 numbers.