Quarterly UpdatesJul 20, 2026, 08:46 AM
Caledonia Mining Q2 2026 Gold Production 17,360 Oz; Reaffirms Guidance
AI Summary
Caledonia Mining Corporation Plc announced gold production of 17,360 ounces from its Blanket Mine in Zimbabwe for Q2 2026, an 18% increase from the previous quarter. The company reaffirmed its full-year 2026 production guidance of 72,000 to 76,500 ounces, anticipating stronger performance in the second half of the year. Operational measures, including improved access to higher-grade areas and an upcoming elution plant upgrade, are expected to support this outlook.
Key Highlights
- Gold production from Blanket Mine was 17,360 ounces in Q2 2026.
- Production increased by 18% compared to 14,767 ounces in Q1 2026.
- Caledonia reaffirmed Blanket Mine's 2026 production guidance of 72,000 to 76,500 ounces.
- Average gold grade in Q2 2026 was 2.88g/t, with July 2026 grade at 3.05g/t.
- Production is expected to be weighted towards the second half of 2026.
- Operational improvements include an elution plant upgrade and a 7-day working week from June 2026.
Price Impact
More from CMCL