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Stock impact report

Caledonia Mining Corporation Plc Blanket Mine Q1 2024 Production

Caledonia Mining Corporation Plc Common Shares (CMCL) 
NASDAQ:AMEX Investor Relations: caledoniamining.com
Company Research Source: GlobeNewswire
ST HELIER, Jersey, April 10, 2024 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or "the Company") (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announces gold production from the Blanket Mine in Zimbabwe ("Blanket") for the quarter ended March 31, 2024 ("Q1 2024" or "the Quarter"). All production numbers are expressed on a 100 per cent basis and are based on the final assay at the refiners. The increased Q1 2024 production was derived from 8 fewer production days (9.3% less) compared to quarter 1 in 2023 (“Q1 2023”). This was due to production cut-off for gold delivery set to March 21, 2024. Production Summary Q1 2024 gold production at Blanket was 17,050 ounces, a 6% increase on Q1 2023.In Q1 2024 Blanket sold 18,450 ounces. This represented a 17% increase from Q1 2023, when 15,797 ounces were sold.Ounces sold in Q1 2024 include 3,057 ounces of gold work in progress classified as inventory at the end of 2023 (Q1 2024: 1,657 ounces).Caledonia reiterates 2024 go Show less Read more
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