Caledonia Mining Sees Q2 Production Surge 18%

Caledonia Mining announced a significant 18% increase in production for the second quarter, a period concluding on June 30, 2026. This improvement stemmed from better access to higher-grade mining areas and operational enhancements. Revenue climbed 16% to $76 million, with EBITDA also rising 16% to nearly $46 million, supported by robust gold prices.

Profit after tax saw a substantial 27% increase compared to the same period in 2025, reaching $30 million. Earnings per share (EPS) grew by 29% to $1.36 for the quarter. Operating cash flow was strong at $28.4 million, and the company maintained a healthy cash reserve of $167.8 million by quarter-end.

Developments in the company's growth pipeline are progressing well, particularly at the Bilboes project. Exciting exploration results have also emerged from Motapa, with a maiden resource expected within four weeks. Additionally, promising exploration findings are being reported from the K-Pits at Blanket. The company declared its regular quarterly dividend of $0.14 per share.

Caledonia Mining also emphasized its excellent safety record, marking over 400 consecutive days without a lost-time injury, equivalent to nearly 5.5 million man-hours. This achievement underscores the company's commitment to proactive risk prevention, including risk assessments and near-miss reporting.