Caledonia Mining reported a strong Q3 2025 performance with a 52% revenue increase to $71 million and significant EBITDA growth of 162% to $33 million, driven by higher gold prices, despite a tragic fatality at the Blanket mine.

• Gold production at Blanket reached over 19,000 ounces, benefiting from a rising gold price of approximately $3,400 per ounce, up 40% quarter-on-quarter.
• The company declared a quarterly dividend of $0.14 per share, underscoring its commitment to returning value to shareholders.
• Operational improvements included the introduction of short interval control systems, leading to enhanced production consistency.
• Despite strong operational metrics, a temporary drop in ore grade was noted due to safety-related halts following a fatal incident.