Zimbabwe News Update
nehandaradio
2 min read
Harare – zimbabwe’s gold mining industry recorded strong third-quarter performances in 2025, as soaring global gold prices lifted revenues and boosted profitability across the sector. Both caledonia mining corporation plc and padenga holdings limited reported significant financial improvements driven by higher bullion prices and steady production output. The two mining giants are listed on the victoria falls stock exchange. Caledonia mining, which operates the blanket mine and bilboes oxide project, posted a 52% jump in quarterly revenue to us$71.4 million for the period ended september 30, 2025, up from us$46.9 million in the same period last year.
The company attributed the growth to a sharp rise in gold prices, averaging us$3,434 per ounce, a 40% increase from 2024 levels and higher sales volumes. Gold production at blanket mine stood at 19,106 ounces, while sales reached 20,355 ounces, with an additional 437 ounces produced and sold from bilboes. Caledonia reported a gross profit of us$36.9 million and ebitda of us$33.5 million, up 162% from the prior year. Profit after tax rose more than fourfold to us$18.7 million, while free cash flow improved to us$5.9 million from a negative us$2.4 million in q3 2024. Chief executive officer mark learmonth said the company would continue to modernise its operations and pursue disciplined capital investment.
“we continue to deliver solid operational and financial results at blanket, producing 19,106 ounces of gold during the quarter and maintaining our focus on stable production and disciplined capital investment as we seek to modernise operations and improve mining efficiency at blanket. London-listed caledonia delivers massive growth from strong…aug 14, 202522,439higher gold prices and output fuel caledonia mining’s…may 12, 202515,835caledonia banks us$22.35m in solar sale, realising us$14.3m…apr 16, 202570gold production soars at caledonia’s blanket mine in…jan 15, 202520,321 london-listed caledonia delivers massive growth from strong…aug 14, 202522,439 london-listed caledonia delivers massive growth from strong… higher gold prices and output fuel caledonia mining’s…may 12, 202515,835
