Blanket Mine records 19% jump in 2020 1st quarter production volumes

By Zbc Reporter
Gwanda based Blanket Mine impressive performance continues with the gold miner recording a 19 percent increase in the first quarter production compared to the same period last year.
The mining concern remains the darling of the country’s gold mining sector after yet another first quarter stellar performance. A gold output of over 14 200 ounces in the three months ending 31 March 2020 was 19 percent more than what the company achieved during the same period last year.
In a statement, Blanket Mine Chief Executive Officer Mr Steve Curtis credited the operational team for the good results. Blanket Mine remains in production despite the ongoing lockdown restrictions.
Meanwhile, im-listed Premier African Minerals has entered a $200 000 loan agreement and related subscription agreement with a company owned by a trust of which CEO George Roach is a beneficiary. The proceeds of the new loan will be used to support ongoing development and provide additional general working capital for the company, which owns the RHA Tungsten and Zulu lithium and tantalum projects.
In another development, Premier is waiting for a decision by Industry and Commerce Minister Dr Sekai Nzenza on how to vary the terms of the RHA shareholder agreement to allow Premier to increase its shareholding in RHA. This follows the scrapping of the indigenisation laws by government over two years ago.