Caledonia Mining Q1 revenue rises 18% on higher gold prices

Caledonia Mining

11/05/2026 07:10

Overview

Gold miner's Q1 revenue rose 18% yr/yr, driven by higher gold prices

Gold production and sales fell due to constrained access to higher-grade areas

Company announced a quarterly dividend of $0.14 per share, payable June 5, 2026

Outlook

Caledonia reiterates 2026 Blanket Mine gold production guidance of 72,000 to 76,500 oz

Company expects production to be weighted toward H2 2026 as operational improvements take effect

Management expects unit costs to normalise as production increases and mining transitions to higher-grade areas

Result Drivers

HIGHER GOLD PRICE - Revenue and profitability benefited from a significantly higher average realized gold price, which offset lower production volumes

LOWER PRODUCTION - Gold output and sales declined due to constrained access to higher-grade areas, equipment availability issues, and challenging ground conditions

HIGHER UNIT COSTS - On-mine and all-in sustaining costs per ounce rose due to lower production volumes and sustaining capital expenditure

Company press release: ID:nRSK7628Da

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$66.43 mln
$79.20 mln (1 Analyst)
Q1 Dividend
$0.14
Q1 EBITDA
$33.87 mln
Q1 Gross Profit
$32.1 mln


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)