LISTED gold mining entity Caledonia Mining Corporation Plc is expected to announce its half-year financial results next month, with the company anticipating a profitable second quarter, building upon a strong performance in the first quarter of 2025.
In a statement, Caledonia said the financial results will reflect Blanket Mine’s gold production summary announced on July 16, 2025 and the strong and sustained gold price.
Based on the current production profile at Blanket Mine, and assuming the continuation of favourable gold prices, the Company estimates that profitability for the full year of 2025 will be materially ahead of market expectations.
Caledonia chief executive officer Mr Mark Learmonth said: “We were pleased with the excellent production results announced on July 16, 2025.”
“Combined with a robust and sustained gold price, we are enjoying strong profitability.“This reflects the hard work and dedication of the team at Blanket Mine and at group level, which we have strengthened significantly in recent times.”
Meanwhile, Caledonia has revised its Blanket Mine production guidance from 74 000 – 78 000 ounces per annum to 75 500 – 95-500 ounces following a 5,1 percent increase in production during the first half of 2025.
The company said the 2025 second quarter gold production was 21 070 ounces, setting a new record for a second quarter as compared to 20 773 ounces produced in the second quarter of 2024.
The 2025 half-year gold production was 39 741 ounces, a 5,1 percent increase on the 37 823 ounces produced in the first half of 2024.
Caledonia continues to invest in Zimbabwe, with the company aiming to establish itself as a multi-asset gold producer, with an ambitious goal to produce more than 250 000 ounces of gold per year.
With its immediate strategic focus being Blanket Mine, the mining entity has also acquired Bilboes and Mutapa in a bid to build a portfolio of high-quality gold assets in Zimbabwe.
Source: Thezimbabwemail
