Caledonia Mining Corporation says it remains on track to meet production guidance of 50,000 ounces for at its 49%-owned subsidiary the Blanket Mine in Zimbabwe for this year and continues to progress towards its long term target of 80,000 ounces by 2021. Approximately 13,430 ounces of gold were produced during the Quarter, representing a 23 per cent year on year increase on the gold produced in Q3 2015 (10,927 ounces) and a 7.4 per cent quarter on quarter increase on the gold produced in Q2 2016 (12,509 ounces). Caledonia is also pleased to announce that in terms of the ongoing investment programme at Blanket Mine, a new ball mill has been installed and the commissioning process is proceeding as anticipated. The new mill will increase daily throughput at the Blanket plant by 20 per cent, from 1,500 t/day to 1,800t/d, and will allow Blanket to meet its plan to double 2015 production to 80,000 ounces by 2021.
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