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Revenue climbs to US$75.9 million as Caledonia Mining posts record safety and production recovery

Revenue climbs to US$75.9 million as Caledonia Mining posts record safety and production recovery
Caledonia Mining Q2 gold surge

Caledonia Mining delivered a robust second quarter, posting its strongest safety performance on record at its Blanket mine. Gold production surged by 18 percent in the three months ended June 30, pushing revenue to US$75.9 million and gross profit to US$39.2 million.

The company reported a significant operating recovery at Blanket, underpinned by improved efficiencies and stronger output. The results underscore Caledonia Mining’s efforts to boost operational performance while maintaining rigorous safety standards. Further details can be accessed via the company’s publication.

Earlier this year, Caledonia Mining scheduled a Capital Markets Day to present its long-term growth strategy and performance in Zimbabwe, as detailed here. The company also reported the discovery of a previously unrecognised mineralised gold zone at its Blanket Mine, with both oxide and sulphide mineralisation, according to company disclosures. These developments highlight a period of operational expansion and resource identification ahead of the second quarter results.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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