Caledonia Q1/23 results reported Blanket Mine produced 16,036oz, 13% lower than Q1/22 (18,515oz) at an on mine cost/oz, up over 70%, of $1,196/oz. With production down and costs up, Q1 was disappointing for Caledonia. Bilboes' startup had a significant impact, given it was primarily waste stripping, while lower production at Blanket also meant fixed costs had less ounces to be spread across. Higher electricity costs contributed approximately $116/oz to the overall increase, labour added $46/oz, ....
15 May 2023
Cenkos: Caledonia Mining Corporation Plc -- Q1 Results
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Cenkos: Caledonia Mining Corporation Plc -- Q1 Results
Caledonia Mining Corporation PLC (CMCL:LON) | 845 42.3 0.6% | Mkt Cap: 162.2m
- Published:
15 May 2023 -
Author:
Will Dymott -
Pages:
9
Caledonia Q1/23 results reported Blanket Mine produced 16,036oz, 13% lower than Q1/22 (18,515oz) at an on mine cost/oz, up over 70%, of $1,196/oz. With production down and costs up, Q1 was disappointing for Caledonia. Bilboes' startup had a significant impact, given it was primarily waste stripping, while lower production at Blanket also meant fixed costs had less ounces to be spread across. Higher electricity costs contributed approximately $116/oz to the overall increase, labour added $46/oz, ....