Caledonia Mining Reported 3Q23 Gold Production Of 21,772 Ounces At Its Blanket Mine; Reiterates FY23 Gold Production Guidance Of 75,000-80,000 Ounces
Portfolio Pulse from Benzinga Newsdesk
Caledonia Mining has reported a 3Q23 gold production of 21,772 ounces at its Blanket Mine, marking a new quarterly record. This is a 3% increase from the 21,120 ounces produced in the same quarter of 2022. The total gold produced in the nine months to the end of September was 55,244 ounces. The company has reiterated its gold production guidance for 2023 of between 75,000 and 80,000 ounces.
October 11, 2023 | 7:14 am
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POSITIVE IMPACT
Caledonia Mining's record gold production for 3Q23 and its reiteration of the 2023 production guidance could potentially boost investor confidence in the company's performance.
The news of Caledonia Mining's record gold production for 3Q23 indicates strong operational performance. The reiteration of the 2023 production guidance suggests that the company is confident in its ability to maintain this level of production. This could potentially lead to increased investor confidence, which may positively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100