Caledonia Mining ( NYSE: CMCL ) said Wednesday that Q3 gold production from the Blanket Mine in Zimbabwe totaled a company quarterly record 21,120 oz hit record levels, up 11% Y/Y.
For the nine months to September 30, production totaled 59,726 oz, 22% higher than the same period a year ago.
The company also reiterated its full-year gold production guidance of 73K-80K oz.
Caledonia ( CMCL ) said it is "optimistic on the geological prospectivity in Zimbabwe and continues to evaluate other investment opportunities in the country with our long-term vision to become a multi asset gold producer."
Caledonia Mining ( CMCL ) reported Q2 adjusted earnings of $0.56/share on revenues of $37M.
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Caledonia achieves quarterly record production at Zimbabwe mine