UK 17:07 Sunday, 27 September 2026
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Zimbabwe gold producer Caledonia Mining (CMCL) says it expects to hoist output this year from its Blanket mine in the south-west of the central African state from an expected 42,000 oz. in 2015 to 50,000 oz. Currently based in Toronto but seeking shareholders' approval to move its domicile to Jersey, the AIM-quoted company sees all-in cash costs at Blanket falling over the coming 12 months to around $900 (672) an ounce, against a current gold price of $1,075.60c, at an expected grade of 3.2 to 3.3 grammes of gold per tonne of ore.
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Comments
wildrides
Cant see mining blankets catching on ………… most people sleep under duvets these days . I would stick to mining gold if I were them .
TheMadAccountant
Very droll, slightly undermined (as is the article itself) by the fact that the mine is situated in a place called Banket, a well-known mining town (to some, at least) in Mashonaland West.