(NewsDirect)
Caledonia Mining Corporation PLC(AIM:CMCL, NYSE-A:CMCL) CEO Mark Learmonth speaks to Proactive'sThomas Warner after releasing a Q3 production update for the goldproducer's Blanket gold mine third quarter that puts the companyback on track to reach its target for the full-year.
Learmonth explains that the third quartersaw production of nearly 21,800 ounces, surpassing expectations andmarking a significant improvement from the first two quarters of theyear. He addresses the challenges faced by Caledonia during the firsthalf of 2023, describing them as "by no means systemic" andreaffirms the full-year production guidance of 75,000 to 80,000ounces.
While the company is exploring new ventures, such as theBilboes and Motapa Projects, Learmonth emphasises the integral role ofthe Blanket asset, describing it as the cornerstone for businessgrowth. Looking ahead, he hopes for a smoother operation next year,aiming for a sustainable production rate of 80,000ounces.
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