• Zimbabwe’s Blanket Mine ups gold output 3% to 58,846 oz

• Caledonia keeps 2025 target at up to 79,500 oz

• Gold prices up 60%, boosting production outlook

The Blanket Gold Mine in Zimbabwe produced 58,846 ounces in the first nine months of 2025, a 3% increase from the 56,815 ounces recorded in the same period of 2024, according to an operational report published on Tuesday, Oct. 21, by operator Caledonia Mining. Production for the third quarter, which ended in September, totaled 19,106 ounces.

"We’re pleased to report another quarter of solid performance at Blanket, building on the exceptional start to the year," said Caledonia CEO Mark Learmonth. "The consistency of our output reflects the strategic investments we’ve made across the business and we remain on track to meet our increased production guidance."

Following the results through September, Caledonia maintained its full-year production forecast for Blanket at between 75,500 and 79,500 ounces of gold. The upper end of this range exceeds the 76,656 ounces declared at the site last year. This consistent production rate comes amid a favorable market for gold, with the price already up by approximately 60% in 2025.

Caledonia holds a 64% stake in the mine, with the remaining 36% owned by Zimbabwean shareholders. Zimbabwe is also home to other gold mines, including Freda Rebecca (operated by Kuvimba Mining) and How (Namib Minerals). British firm Ariana Resources is also developing the Dokwe project in the country, which has an initial cost of $82 million.

Aurel Sèdjro Houenou