AIM listed Caledonia Mining Corporation has announced that Blanket Mine gold production for the quarter ended March 31, 2025 has set a new first quarter production record.
Highlights
- Quarterly gold production of 18,671 ounces, exceeding 17,050 ounces produced in the first quarter of 2024 (Q1 2024).
- New first quarter production record, surpassing the previous high of 18,515 ounces set in the first quarter of 2022.
- Tonnes milled for the Quarter were 201,755 tonnes, 23,793 tonnes (13.4%) above expectation.
- The surface stockpile increased significantly to approximately 15,000 tonnes as run-of-mine production exceeds milling capacity.
- Blanket remains on track to achieve gold production guidance of 74,000-78,000 ounces this year.
Commenting on the results, Mark Learmonth, Chief Executive Officer, said: "I'm delighted to report that production in Q1 2025 has set a new record for production in a first quarter at Blanket, with over 18,500 ounces produced, a particularly strong performance given that the first quarter is traditionally our weakest. This achievement reflects continued operational improvements and the dedication of our team on the ground. The significant increase in both tonnes milled and the surface stockpile provide a strong foundation for the remainder of the year. This is an excellent start and with a strong gold price we are well positioned to generate healthy cash flows and to continue investing in our growth projects."
