Gold Production Update from Caledonia Mining Corporation
Caledonia Mining Corporation Plc (NYSE AMERICAN, AIM and VFEX: CMCL) has released its gold production figures from the Blanket Mine in Zimbabwe for the third quarter of the fiscal year. This quarter marks the company's ongoing efforts to maintain its production levels amidst various market conditions.
Highlights of the Production Results
In the reporting period, the Blanket Mine produced a total of 18,992 ounces of gold. This is a decrease compared to the record production of 21,772 ounces achieved in the same quarter last year. Nonetheless, the company's overall production for the first nine months of the year stands at 56,815 ounces, a slight increase from last year's performance of 55,244 ounces.
Solid Production Guidance for 2024
Looking ahead, Caledonia Mining continues to stand firm on its production guidance for the full year. The company aims to produce between 74,000 and 78,000 ounces of gold by the end of 2024. Such targets reflect the company's commitment to navigating any challenges while striving for operational excellence.
Dividend Announcements and Structure
In an effort to enhance efficiency, Caledonia Mining has made changes to its dividend declaration process. Future dividends are expected to be announced concurrently with the quarterly results, which will streamline operations. For instance, the dividend for Q3 2024 will be declared in mid-November, should it receive board approval.
Official Endorsements and Technical Review
The scientific and technical information disclosed in the announcement has received approval from Craig James Harvey, the company's Vice President of Technical Services. He is recognized as a qualified professional under Canadian and U.S. securities regulations, ensuring the accuracy of the information presented.
Company Contact Information
For inquiries related to Caledonia Mining Corporation, interested parties can reach out to:
Caledonia Mining Corporation Plc
Mark Learmonth
Camilla Horsfall
Tel: +44 1534 679 800
Tel: +44 7817 841 793
Further inquiries may be directed to the company’s advisors, including Cavendish Capital Markets Limited and Panmure Liberum.
Emphasizing Transparency and Caution
Caledonia Mining emphasizes transparency in its operations, ensuring that shareholders receive timely and relevant information about production and financial forecasts. Stakeholders should remain aware of the inherent risks associated with mining operations including market volatility, production costs, and fluctuations in gold prices.
Frequently Asked Questions
What was the gold production for Q3 2024?
Caledonia Mining produced 18,992 ounces of gold for the third quarter of 2024.
What is the expected gold production guidance for 2024?
The company aims to produce between 74,000 and 78,000 ounces of gold for the full year of 2024.
When will the Q3 2024 dividend be declared?
If approved, the dividend for Q3 2024 will be declared in mid-November.
Who endorsed the technical information in the release?
The technical details were reviewed and approved by Craig James Harvey, Vice President of Technical Services.
How can I contact Caledonia Mining Corporation?
For inquiries, you can contact Mark Learmonth or Camilla Horsfall at +44 1534 679 800 or +44 7817 841 793.
