Business / Companies
Blanket Mine gold output up
11 Apr 2013 at 06:18hrs | Views
Blanket Mine has recorded a 14% growth in gold output for the first quarter ending March 2012 compared with the same period last year on the back of strong prices of the bullion, the company has announced.
Caledonia mine announced that gold produced during the period under review rose to 10 463 ounces from 9 155 ounces in the first quarter of 2012.
Caledonia's president and chief executive officer Stefan Hayden said the daily rate of production achieved in the first quarter was slightly ahead of target.
The company said increased production will come from the first three of Blanket Mine's portfolio of 18 satellite properties that are expected to start production in the fourth quarter of this year.
Caledonia mine announced that gold produced during the period under review rose to 10 463 ounces from 9 155 ounces in the first quarter of 2012.
Caledonia's president and chief executive officer Stefan Hayden said the daily rate of production achieved in the first quarter was slightly ahead of target.
The company said increased production will come from the first three of Blanket Mine's portfolio of 18 satellite properties that are expected to start production in the fourth quarter of this year.
Source - news
