Caledonia Mining reports 2024 gold output met expectations, plans $41.8M investment for 2025.

Caledonia Mining Corporation's Blanket mine in Zimbabwe produced 76,656 ounces of gold in 2024, meeting expectations and slightly exceeding 2023's output. For 2025, the company forecasts production between 73,500 to 77,500 ounces, with plans to invest $41.8 million in modernizing operations, aiming to improve efficiency and profitability despite initial cost increases. The company's shares rose 2% following the announcement.

2 months ago
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