Caledonia Mining Corporation Plc (CMCL)
Caledonia Mining says Blanket mines remains a robust operation as 2026 production target is clipped
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) told investors it has cut its annual gold production forecast and raised cost guidance after operational setbacks at its Blanket mine in Zimbabwe dragged third-quarter output below expectations. Production was disrupted by delays installing compressors needed to access deeper, higher-grade mining areas, alongside processing difficulties that left approximately 1,100 ounces of gold temporarily retained within the metallurgical plant.
Caledonia Mining Targets 200,000+ Gold Ounces Annually as Bilboes Development Advances
Caledonia Mining NYSEAMERICAN: CMCL outlined plans to increase gold production to more than 200,000 ounces annually from 2029 onward, supported by expansion at its Blanket Mine and development of the wholly owned Bilboes gold project in Zimbabwe.
Caledonia Mining Corporation Plc (CMCL) Analyst/Investor Day Transcript
Caledonia Mining Corporation Plc (CMCL) Analyst/Investor Day Transcript
Cavendish targets 128% upside for Caledonia Mining as Blanket deep drilling pays off
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) drew strong backing from Cavendish on Friday, as the broker reaffirmed its bullish stance following a major resource upgrade across the miner's Zimbabwean portfolio. The shares were seen at 1,945p, up 4%, as the broker kept its 'buy' rating, digesting the discovery of a shallow oxide orebody and significant underground drilling success.
Caledonia Mining: Q2 Helps, But The Risk Remains
Caledonia Mining remains a tactical high-risk buy, driven by gold leverage and Bilboes project upside, despite persistent operational and cost risks. Q2 showed production recovery at Blanket and strong cash flow, but YoY output and grades remain weaker, with AISC guidance raised significantly. Bilboes financing progress clarifies the growth path, yet funding costs and execution risks could impact equity upside and capital structure.
Caledonia Mining Q2 Earnings Call Highlights
Caledonia Mining NYSEAMERICAN: CMCL said second-quarter production increased 18% from the first quarter as the company regained access to higher-grade mining areas at its Blanket Mine and implemented operating changes intended to lift output.
Caledonia Mining Corporation Plc (CMCL) Q2 2026 Earnings Call Transcript
Caledonia Mining Corporation Plc (CMCL) Q2 2026 Earnings Call Transcript
Caledonia Mining maintains target guidance for Blanket gold
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) maintained its 2026 production target for the Blanket gold mine after output rebounded 18% quarter-on-quarter in the second quarter, though the company raised its cost guidance. Blanket produced 17,360 ounces during the quarter as average feed grades improved to 2.9 grams per tonne from 2.5g/t in Q1.
Caledonia Mining to boost Blanket with new gold zone
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) has told investors that surface drilling at its Blanket mine in Zimbabwe has uncovered a previously unrecognised gold zone that could support a lower-cost heap leach operation alongside the existing underground mine. The K-Pits target contains both near-surface oxide material and deeper sulphide mineralisation.
Caledonia Mining efforts to access higher grades is "gaining traction”
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) has maintained its 2026 production guidance after gold output from Zimbabwe's Blanket Mine rose 18% quarter on quarter to 17,360 ounces. The improvement from 14,767 ounces in the first quarter reflected better access to higher-grade mining areas.
Caledonia Mining sees significant potential for shared Motapa-Bilboes infrastructure - ICYMI
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) CEO Mark Learmonth joined Proactive this week to discuss the latest high-grade drilling results from the Motapa gold project, highlighting progress towards a maiden mineral resource estimate expected later this year. In this interview, Learmonth outlines the project's exploration success, potential synergies with the neighbouring Bilboes development, and key milestones investors should watch in the coming months.
Caledonia Mining unearths high grade results at Motapa
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) told investors that high-grade drilling at Motapa in Zimbabwe has strengthened the case for the exploration property to become a strategic extension of its Bilboes gold project. The company said 2025 work confirmed gold mineralisation across multiple zones, including continuity along around 6km of strike within the Bubi Greenstone Belt and multiple mineralised shear zones at Motapa North, Central and South.
