Quarterly ResultAug 10, 2026, 06:09 AM
Caledonia Mining Q2 Revenue $75.9M (+16%), Profit $30.0M (+27%), EPS $1.36
AI Summary
Caledonia Mining Corporation Plc reported strong Q2 2026 financial and operating results, with revenue up 16% to US$75.9 million, profit after tax increasing 27% to US$30.0 million, and basic EPS rising 28% to US$1.36/share compared to Q2 2025. Gold production at Blanket Mine saw an 18% quarter-over-quarter increase to 17,360 ounces, reflecting an operational recovery and improved grades. The company also declared a quarterly dividend of US$0.14 per share, provided updates on the Bilboes project and exploration activities, and revised its 2026 cost guidance upwards while reducing capital expenditure guidance due to timing adjustments.
Key Highlights
- Q2 2026 Revenue increased 16% to US$75.9 million compared to Q2 2025.
- Q2 2026 Profit after tax increased 27% to US$30.0 million compared to Q2 2025.
- Q2 2026 Basic earnings per share increased 28% to US$1.36/share compared to Q2 2025.
- Blanket Mine gold production was 17,360 ounces in Q2 2026, an 18% increase from Q1 2026.
- Net cash and cash equivalents increased to US$167.8 million from US$8.2 million at June 30, 2025.
- Quarterly dividend of US$0.14 per share declared.
- Revised 2026 AISC guidance updated to US$2,500-US$2,700/oz sold (up from US$2,100-US$2,300/oz).
- Revised 2026 Capex guidance reduced to US$103.3 million from US$178.9 million.
Price Impact
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