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ST HELIER - Caledonia Mining (NYSE:CMCL) Corporation Plc announced Wednesday that its Blanket Mine in Zimbabwe produced 21,070 ounces of gold in the second quarter of 2025, setting a new record for a second quarter.
The Q2 output represents a slight increase from the 20,773 ounces produced in the same period of 2024. For the first half of 2025, gold production reached 39,741 ounces, marking a 5.1% increase compared to the 37,823 ounces produced in the first half of 2024.
Following this performance, Caledonia has raised its 2025 production guidance for Blanket Mine to between 75,500 and 79,500 ounces of gold.
"Production in the first half of 2025 was excellent and has exceeded our expectations," said Mark Learmonth, Chief Executive Officer, in the press release. "As a result of this strong performance, we are increasing our annual production guidance."
Caledonia Mining Corporation is listed on the NYSE American, AIM, and VFEX exchanges under the ticker CMCL. The production figures announced are expressed on a 100% basis and are based on final assays from the refiner, according to the company’s statement.
The mining firm indicated that Blanket Mine continues to serve as a foundation for the company’s growth strategy. All information contained in this report is based on the company’s press release.
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