Caledonia Mining reports 51% jump in first-quarter profit, strong output in April

Caledonia Mining Corp PLC CFO Mark Learmonth tells Proactive the group reported a 51% jump in first-quarter profit on record gold production and higher gold prices. The company, which operates the Blanket mine in Zimbabwe, also reported strong production in April and reiterated that it was confident of meeting its full-year output guidance of 73,000 to 80,000 ounces. It produced 6,797 ounces of gold in April, representing an annualised production rate of about 81,500 ounces.