Following a record year in 2022 with over 80,000oz produced Caledonia released its production and cost guidance for 2023. The Company is forecasting production of 90-97,000oz of gold (including Bilboes oxides), on-mine costs of US$900-1,000/oz and capital expenditure at Blanket and at the Bilboes oxides project of US$30.9m. While the blended costs look high, Blanket costs are in-line with our previous model and Bilboes oxide operation adds additional ounces for relatively low capex and will effe ....