24.10.2025
3:13
The
Blanket
Gold
Mine
in
Zimbabwe
produced
58,846
ounces
in
the
first
nine
months
of
2025,
a
3%
increase
from
the
56,815
ounces
recorded
in
the
same
period
of
2024,
according
to
an
operational
report
published
on
Tuesday,
Oct.
21,
by
operator
Caledonia
Mining.
Production
for
the
third
quarter,
which
ended
in
September,
totaled
19,106
ounces.
-
Zimbabwe’s
Blanket
Mine
ups
gold
output
3%
to
58,846
oz
-
Caledonia
keeps
2025
target
at
up
to
79,500
oz -
Gold
prices
up
60%,
boosting
production
outlook
“We’re
pleased
to
report
another
quarter
of
solid
performance
at
Blanket,
building
on
the
exceptional
start
to
the
year,”
said
Caledonia
CEO
Mark
Learmonth.
“The
consistency
of
our
output
reflects
the
strategic
investments
we’ve
made
across
the
business
and
we
remain
on
track
to
meet
our
increased
production
guidance.”
Following
the
results
through
September,
Caledonia
maintained
its
full-year
production
forecast
for
Blanket
at
between
75,500
and
79,500
ounces
of
gold.
The
upper
end
of
this
range
exceeds
the
76,656
ounces
declared
at
the
site
last
year.
This
consistent
production
rate
comes
amid
a
favorable
market
for
gold,
with
the
price
already
up
by
approximately
60%
in
2025.
Caledonia
holds
a
64%
stake
in
the
mine,
with
the
remaining
36%
owned
by
Zimbabwean
shareholders.
Zimbabwe
is
also
home
to
other
gold
mines,
including
Freda
Rebecca
(operated
by
Kuvimba
Mining)
and
How
(Namib
Minerals).
British
firm
Ariana
Resources
is
also
developing
the
Dokwe
project
in
the
country,
which
has
an
initial
cost
of $82
million.
Post
published
in:
Business