Blanket Mine returns to normal gold production levels - African Mining Market

AI desk brief

Caledonia reported Blanket mine returned to normal production after third-quarter compressed-air shortages helped cut output 11% to 17,030 ounces. New compressors became operational on 31 October, while a new plant vessel recovered over half of roughly 1,100 ounces trapped at quarter-end. Revenue rose 10.5% to US$78.9 million, but a US$12.9 million non-cash derivatives loss contributed to a 39% fall in after-tax profit. Revised 2026 production guidance is 69,000–72,500 ounces; Bilboes targets first gold in Q4 2028. The recovery primarily affects company operations; the source does not establish a material near-term bullion-price effect.