Caledonia Mining Corporation Plc Earnings Recaps
Q2 2026
Aug 12, 2026
Caledonia Mining shares rose 5.3% after reporting better-than-expected production and revenue growth driven by improved access to higher-grade ore and a favorable gold price environment.
Key takeaways
- Production increased 18% quarter-over-quarter due to accessing higher grade mining areas and operational improvements.
- Revenue rose 16% to $76 million, supported by a 34% higher average realized gold price of $4,259/oz.
- EBITDA increased 16% to nearly $46 million; profit after tax grew 27% to $30 million, with EPS up 29% to $1.36.
- On-mine costs were largely in line with budget despite some one-off items, though unit costs per ounce sold rose due to lower ounces sold.
- Management advanced operational efficiencies including a 7-day working week and plant upgrades to sustain production growth going forward.
Q3 2025
Nov 11, 2025
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.
Key takeaways
- 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.