Caledonia Mining Corporation Plc reported a strong Q3 2025 with revenue up 52% to US$71.4 million. Gold production was 19,106 ounces with a gross profit of US$36.9 million. EBITDA increased by 162% to US$33.5 million, and profit after tax surged by 467% to US$18.7 million. The company announced a dividend of 14 cents per share.
Despite the strong financial results, Caledonia Mining Corporation Plc reported a fatality at the Blanket Mine in the Quarter. The company is conducting a comprehensive review of safety procedures and training to prevent such incidents in the future. Gold production guidance for 2025 is maintained at 75,500 to 79,500 ounces with cost guidance ranges for Blanket mine.
The company’s on-mine cost per ounce at Blanket in the Quarter was $1,203/oz, above the guidance range for 2025. As a result, the on-mine cost per ounce for the full year is expected to be in the range of $1,150 to $1,250/oz. AISC guidance has been revised to $1,850 to $1,950/oz due to higher costs and administration expenses.
Caledonia Mining Corporation Plc will host a webcast on November 10, 2025, to discuss its Q3 2025 operating and financial results. The company aims to modernize operations, improve mining efficiency, and extend Blanket Mine’s mine life. Despite short-term cost pressures, the goal is to enhance profitability and operational resilience without impacting the regular quarterly dividend. Blanket Mine reported gold sales for Q3 2025, excluding 2,861 oz sold in October and including 4,115 oz from June. On-mine production costs per ounce increased by 16.3%, with AISC per ounce sold rising by 29.0% due to various factors. Production and sales increased compared to Q3 2024, with a production guidance of 75,500 to 79,500 oz for 2025.
Underground mining activities saw improvements in tonnes broken and hoisted, leading to an ore stockpile increase at the end of the Quarter. Processing also improved, with higher tonnes milled but a lower grade than target. Exploration activities focus on Blanket, with drilling showing promising results for mineralized zones beyond the current mine levels.
Surface exploration at Blanket identified anomalous gold values, leading to a drilling program to confirm the findings. Results from both the trenching and drilling program are expected to be published in early 2026. Additionally, Motapa project received a $2.8 million allocation for 2025 exploration activities after positive results from the 2024 program. Motapa’s proximity to Bilboes presents potential synergies if a viable resource is identified in the upcoming 2025 exploration program. The program includes 25,580 meters of reverse circulation drilling and 1,780 meters of diamond drilling. Results so far are promising, with a maiden resource expected in early 2026. Bilboes is working on a feasibility study set to be released soon. Capital expenditure includes ongoing mine development and a new tailings storage facility. The company’s liquidity position is healthy, with total liquidity at $44,318, including cash, bullion, and gold sales receivables. Caledonia Mining’s financial information is based on unaudited statements for the period ending September 30, 2025. They provide additional non-GAAP financial measures for a better understanding of their performance. Caledonia will now release detailed financial results semi-annually but remains committed to transparent and timely disclosure of material information. Their registered office address has changed to St. Helier, Jersey. For more information, visit their website or contact them directly. Caledonia Mining Corporation PLC announces that it has adhered to the Market Abuse Regulation (MAR) as part of UK domestic law. The company has disclosed this information in compliance with Article 17 of MAR as required by law.
Forward-looking statements in the document involve risks and uncertainties related to Caledonia’s expectations, plans, and beliefs. Such statements include production guidance, exploration plans, and future dividend payments. Factors such as changes in commodity prices and government regulations may impact actual results.
Security holders and potential investors should be aware of the risks involved in forward-looking statements, including inaccuracies in mineral reserves estimates, fluctuations in gold prices, and risks associated with mining operations. Factors such as environmental hazards, political risks, and changes in project parameters can affect the company’s performance.
Caledonia Mining Corporation PLC cautions against placing undue reliance on forward-looking information, as it involves numerous assumptions and uncertainties that may impact future events. The company undertakes no obligation to update this information, except as required by law. This news release does not constitute an offer to sell Caledonia shares in the United States or elsewhere. Caledonia Mining Corporation Plc released its financial results for the third quarter of 2025, reporting revenue of $71,440, a gross profit of $36,848, and a profit for the period of $18,654. The company’s total comprehensive income for the period was $18,909, with earnings per share of $0.77.
The company’s consolidated statements of financial position as of September 30, 2025, showed total assets of $393,258, total equity of $276,471, and total liabilities of $116,787. Share capital was reported at $166,234, and reserves were $138,875.
In the third quarter of 2025, Caledonia Mining Corporation Plc reported a net cash inflow from operating activities of $13,690 and a net cash and cash equivalents at the end of the period of $7,278. The company also listed cash flows used in investing activities and financing activities during the period.
The technical report entitled “NI 43-101 Technical Report on the Blanket Gold Mine, Zimbabwe” was prepared by Caledonia Mining Corporation Plc and filed on SEDAR+ on May 15, 2024. Craig James Harvey, Vice President of Technical Services at Caledonia, reviewed and approved the scientific and technical information in the news release.
Read more at GlobeNewswire: Caledonia Mining Corporation Plc: Abridged Quarterly