Caledonia Mining Corporation says it expects its profitability for the 2025 financial year to be “materially ahead” of market expectations.
“We were pleased with the excellent production results announced on July 16. Combined with a robust and sustained gold price, we are enjoying strong profitability. This reflects the hard work and dedication of the team at Blanket mine and at group level, which we have strengthened significantly in recent times,” CEO Mark Learmonth comments.
In a trading update to shareholders ahead of the planned August 11 publication of the company’s results for the quarter and half-year ended June 30, Caledonia says it expects to report a profitable second quarter, following a strong performance in the first quarter of the year.
The Blanket mine produced 21 070 oz of gold for the quarter ended June 30, taking production for the first half of the year to 39 741 oz – a 5.1% increase on the 37 823 oz produced in the first half of 2024.
This prompted the company to increase its production guidance for the Blanket mine for the full-year to between 75 500 oz and 79 500 oz of gold, compared with the previously guided 74 000 oz to 78 000 oz production target. – (Mining Weekly)
