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Caledonia Mining 1Q Revenue Rose on Record Gold Production– Product Remark

Byadmin2

May 12, 2022
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By Jaime Llinares Taboada

Caledonia Mining on Thursday reported greater incomes for the very first quarter of the year, as gold production reached a brand-new record for the very first 3 months of the year. Here's what the owner of the Blanket mine in Zimbabwe needed to state:

On 1Q efficiency:

" 18,515 ounces of gold produced in the quarter (Q1 2021: 13,197 ounces). The 40 percent boost in production was because of greater tonnes crushed, enhanced grade and much better metallurgical healings."

" Gold production in the quarter represents a brand-new production record for any very first quarter."

" Gross earnings of $35.1 million (Q1 2021: $25.7 million). Greater earnings show a 40 percent boost in production and a 6 percent boost in the understood gold rate. Earnings consist of the sale profits of 442 ounces (web) of gold in work-in-progress."

" Ebitda of $14.6 million (Q1 2021: $9.7 million)."

" On-mine expense of $698 per ounce (Q1 2021: $836 per ounce). Lower expense per ounce was mainly due to greater production, which suggests that repaired expenses are spread out throughout more ounces, enhanced grade and minimized usage of diesel generators. All-in sustaining expense of $968 per ounce (Q1 2021: $1,044 per ounce)."

" Changed incomes per share of 62.5 cents (Q1 2021: 51.6 cents). Net money from running activities of $10.2 million (Q1 2021: $2.0 million)."

On 2022 assistance:

" Production in April revealed a more enhancement: production of practically 6,800 ounces in the month shows an annualised production rate that is partially above the leading end of our assistance variety for 2022 of 73,000 to 80,000 ounces of gold."

" We are positive we will accomplish our production assistance for 2022 of 73,000 to 80,000 ounces."

Compose to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

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