New PEA at Bilboes project
Caledonia Mining reported rising revenues, thanks to higher gold production and a stronger gold price, while profits more than doubled due to higher revenues and lower production costs.The Zimbabwe-focused miner reported revenues of US$50.1 million from the Blanket mine, compared to $37 million in the second quarter of 2023Profits were $22.9 million, a 109.8% increase from $10.9 million in Q2 2023, attributed both to higher gold revenue and lower production costs.EBITDA of $22.
New PEA at BilboesIn the quarter, Caledonia reported a 106% increase in Blanket's mineral reserves and a 63% increase in measured and indicated mineral resources, extending the life-of-mine to 2034.Caledonia management believes that further conversion of inferred resources could extend the mine past 2040.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New podcast for Preston launches – introducing The Parched Pea Podcast'Gilly' centre is host of the Parched Pea Podcast with Ellie and Sasha as producers Pic: Neil Cross/National World What makes Preston and its people tick is
Read more »
Cervelo releases updated Caledonia-5 all-road endurance bike for "your big, stupid rides"Cervelo updates Caledonia-5 for "your big, stupid rides"
Read more »
Cervelo Updates Caledonia-5 Endurance All-Road Bike with a Glovebox & More ComfortCervelo's new 2024 Caledonia-5 top endurance all-road bike is more comfy for ultra distance racing, plus adds a glovebox & bigger tires too!
Read more »
Arizona Sonoran Cactus PEA for 105,000tpaPFS in 2025
Read more »
London-listed news in briefLucara, Caledonia, Metals One, Great Western Mining, Thor Energy
Read more »
After devastating floods and ten years of work, gymnastics gym relaunchesThe experience for our gymnasts and coaches has been improved with new convenient access, new toilets, new locker areas, new offices and new reception areas
Read more »