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Stock impact report

Caledonia Mining Corporation Plc: Blanket Mine Q4 and FY 2023 Production and 2024 Guidance

Caledonia Mining Corporation Plc Common Shares (CMCL) 
NASDAQ:AMEX Investor Relations: caledoniamining.com
Company Research Source: GlobeNewswire
ST HELIER, Jersey, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or the "Company") (NYSE AMERICAN, AIM and VFEX: CMCL) announces Blanket Mine ("Blanket") production for the quarter and year ended December 31, 2023.  The Company also provides guidance for the year to December 31, 2024 in respect of production, costs and capital expenditure. All production numbers are expressed on a 100 per cent basis and based on final assays from the refiner. Mark Learmonth, Chief Executive Officer, said: “I am pleased that, after a challenging first half, we successfully met production guidance for the year, producing 75,416 gold ounces. Our 2024 guidance of 74,000 to 78,000 ounces assumes that Blanket will broadly maintain the production rate achieved in 2023 and reflects the prudent decision to suspend mining in lower margin areas which include lower grades and volumes, and higher costs. “Our significant investment in Blanket over the past seven years and com Show less Read more
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