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Caledonia exceeds FY 2015 guidance to deliver 42 806 oz of gold

Caledonia Mining Corporation’s 49%-owned subsidiary the Blanket mine, in Zimbabwe, has lifted gold production by 2.5% year-on-year, delivering 42 806 oz in the year ended December 31, exceeding its full-year guidance of 42 000 oz. The London-listed miner also lifted output by 10.6% year-on-year in the final three months of 2015, delivering 11 518 oz in the fourth quarter.   Caledonia has retained its targeted gold production of 50 000 oz/y for 2016 but expected to increase its rate of production over the course of the year as the No 6 Winze shaft was scheduled to start production from the middle of the first quarter, providing access to ore below 750 m.