Caledonia Q2 EPS $1.36, Net Profit $23.8M; Revenue $75.9M

Caledonia Mining reported a Q2 2026 net profit attributable to shareholders of $23.8 million, up 16.2% year-over-year, with basic EPS rising to $1.36. Revenue increased 16.2% to $75.9 million, primarily due to higher realized gold prices, despite a 17.3% decrease in gold production to 17,737 ounces. On-mine cost per ounce increased significantly by 49.2% to $1,675. The company's cash and cash equivalents surged to $167.8 million, largely due to the $150 million Convertible Senior Notes issued in Q1 2026, and the Bilboes sulphide project was reclassified to development assets.