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Home » Internet » Karora Announces 21% Increase in Production Guidance for 2021 Following Record Annual Production of 99,249 ounces, Beating 2020 Guidance Karora Announces 21% Increase in Production Guidance for 2021 Following Record Annual Production of 99,249 ounces, Beating 2020 Guidance Posted by PublisherInternet Tuesday, 19. January 2021 br /> Karora achieves record gold production of 99,249 ounces and gold sales of 98,646 ounces in 2020 Year-end consolidated cash balance of C$79.5 million, an 18% increase vs. the third quarter, net of a $2 million early debt repayment during the fourth quarter. Consolidated 2021 Guidance: – Production of 105,000-115,000 ounces, an increase of over 20% when compared to 2020 production guidance. -?All-in-sustaining-cost (AISC)1 of US$985-$1,085 per ounce, an 8% reduction compared to 2020 cost guidance (at mid-point) following a robust year of significant cost reductions across Karora?s Australian operations and corporate offices.
St Helier, January 18, 2021 - Caledonia Mining Corporation Plc ("Caledonia" or the "Company") announces quarterly and annual gold production from the Blanket Mine in Zimbabwe ("Blanket") for the quarter ended 31 December 2020 ("Q4 2020" or the "Quarter"). All production numbers are expressed on a 100 per cent basis and are based on mine production data and are, therefore, subject to adjustment following final assay at the refiners. Highlights · Record total gold production during 2020 was 57,899 ounces, the top end of the Company's revised increased guidance. · Approximately 15,012 ounces of gold was produced during the Quarter. · Gold production for 2021 is expected to be between 61,000 - 67,000 ounces.