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Caledonia Mining Corp PLC on Wednesday celebrated high gold prices, helping it to beat market consensus for this year. The Zimbabwe-focused gold miner said it expects to post profit ‘materially ahead’ of market consensus for 2025, based on the current production profile at the Blanket mine and assuming the continuation of ‘favourable’ gold prices. The firm anticipates reporting a profitable second quarter, ‘building upon a strong performance’ in its first quarter. ‘We were pleased with the excellent production results announced on July 16, 2025. 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,’ said Chief Executive Officer Mark Learmonth. Caledonia last week said gold production in the three months that ended June 30 set a new record for a second quarter and was up 1.4% to 21,070 ounces from 20,773 ounces a year ago. Gold production in the first half as a whole was 5.1% higher at 39,741 ounces from 37,823. The company increased production guidance for the Blanket mine to between 75,500 and 79,500 ounces of gold from between 74,000 and 78,000 ounces previously guided. Interim results will be released on August 11. Caledonia shares were up 7.7% to 1,755.60 pence each on Wednesday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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