Quarterly ResultMay 11, 2026, 06:21 AM
Caledonia Q1 Revenue +18.3% to $66.43M; Profit +69.4% to $18.91M
AI Summary
Caledonia Mining Corporation Plc reported strong financial performance for Q1 2026, with revenue increasing by 18.3% to US$66.43 million and profit after tax rising 69.4% to US$18.91 million, primarily due to a significantly higher average realized gold price. This offset lower gold production of 14,767 ounces, which was impacted by constrained access to higher-grade areas and resulted in higher unit costs. The company declared a quarterly dividend of US$0.14 per share and reiterated its full-year production guidance for Blanket Mine, expecting production to be weighted towards the second half of the year. Progress continues on the Bilboes Gold Project financing and deep-level exploration at Blanket shows encouraging results.
Key Highlights
- Revenue increased by 18.3% to US$66.43 million (Q1 2025: US$56.18 million).
- Gross profit rose 19.2% to US$32.10 million (Q1 2025: US$26.93 million).
- EBITDA increased by 50.2% to US$33.87 million (Q1 2025: US$22.55 million).
- Profit after tax grew 69.4% to US$18.91 million (Q1 2025: US$11.16 million).
- Basic earnings per share increased 77.8% to US$0.80 (Q1 2025: US$0.45).
- Gold production at Blanket Mine was 14,767 ounces, down 20.9% from Q1 2025.
- Free cash flow increased 152.6% to US$12.28 million (Q1 2025: US$4.86 million).
- Quarterly dividend of US$0.14 per share approved, payable June 5, 2026.