Modern Mining June 2025

Blanket Mine record Q1 gold production sets strong foundation for 2025

AIM listed Caledonia Mining Corporation has announced that Blanket Mine gold production for the quarter ended March 31, 2025 has set a new first quarter production record. Quarterly gold production of 18 671 ounces, exceeded 17 050 ounces produced in the first quarter of 2024 (Q1 2024). Blanket remains on track to achieve gold production guidance of 74 000-78 000 ounces this year. Commenting on the results, CEO Mark Learmonth, said: “This achievement reflects continued operational improve ments and the dedication of our team on the ground. The significant increase in both tonnes milled and the surface stockpile provide a strong foundation for the remainder of the year. This is an excellent start and with a strong gold price we are well positioned to generate healthy cash flows and to continue investing in our growth projects.” n

Blanket Mine gold production for Q1, 2025 has set a new first quarter production record.

Barrick Gold plans name change to Barrick Mining Corporation

Gold miner, Barrick Gold Corporation, plans to change its name to Barrick Mining Corporation. In line with its name change, the company also plans to change its ticker symbol for the Barrick common shares listed on the New York Stock Exchange from ‘GOLD’ to ‘B’, to become effective at the start of trading on May 9, 2025. “Barrick’s vision is to be the world’s most valued gold and copper exploration, development and mining company. Along with our world class portfolio of six Tier One gold mines, we are building a substantial copper business which will be a meaningful contributor to growing our production volumes in the coming years and beyond,” says Barrick’s CE Mark Bristow. “ n

Barrick’s vision is to be the world’s most valued gold and copper company.

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2/14/25 1:46 PM

JUNE 2025 | www.modernminingmagazine.co.za  MODERN MINING  5