REG - Caledonia Mining Crp - Blanket Mine Q2 2025 Production and Guidance

Caledonia MiningAnnouncement

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RNS Number : 2740R  Caledonia Mining Corporation PLC  16 July 2025

Caledonia Mining Corporation Plc

Blanket Mine Q2 2025 Production and Guidance

 

Increased production guidance at Blanket Mine for 2025

 

(NYSE AMERICAN, AIM and VFEX: CMCL)

 

St Helier, July 16, 2025 Caledonia Mining Corporation Plc ("Caledonia" or "the
Company") announces gold production from the Blanket Mine ("Blanket") in
Zimbabwe for the quarter ended June 30, 2025 ("Q2 2025") and the half year
ended June 30, 2025 ("H1 2025"). All production numbers are expressed on a 100
per cent basis and are based on final assays from the refiner.

 

Production and Guidance Summary

 *   Q2 2025 gold production was 21,070 ounces, setting a new record for a
second quarter; 20,773 ounces were produced in the second quarter of 2024.

 *   H1 2025 gold production was 39,741 ounces, a 5.1 % increase on the 37,823
ounces produced in the first half of 2024.

 *   Caledonia increases BlanketÕs production guidance to 75,500 - 79,500
ounces of gold
 1  (#_ftn1)
.

 

Mark Learmonth, Chief Executive Officer, said:

"Production in the first half of 2025 was excellent and has exceeded our
expectations. As a result of this strong performance, we are increasing our
annual production guidance. This performance is a testament to the dedication
and hard work of our team.

 

"Blanket Mine continues to provide a solid foundation for growth. As we move
forward, we are confident that it will continue to be a cornerstone of our
success, driving value for our shareholders."

 

Craig James Harvey, MGSSA, MAIG, Caledonia Vice President, Technical Services,
has reviewed and approved the scientific and technical information contained
in this news release. Craig James Harvey is a "Qualified Person" as defined by
each of (i) the Canadian Securities Administrators' National Instrument 43-101
- Standards of Disclosure for Mineral Projects and (ii) sub-part 1300 of
Regulation S-K of the U.S. Securities Act.

 

Enquiries:

 Caledonia Mining Corporation Plc

 Mark Learmonth                                              Tel: +44 1534 679 800

 Camilla Horsfall                                            Tel: +44 7817 841 793
 Cavendish Capital Markets Limited (Nomad and Joint Broker)

 Adrian Hadden                                               Tel: +44 207 397 1965

 George Lawson

 Panmure Liberum Limited (Joint Broker)

 Scott Mathieson                                             Tel: +44 20 3100 2000
 Camarco, Financial PR (UK)

 Gordon Poole                                                Tel: +44 20 3757 4980

 Elfie Kent
 3PPB (Financial PR, North America)

 Patrick Chidley                                             Tel: +1 917 991 7701

 Paul Durham                                                 Tel: +1 203 940 2538
 Curate Public Relations (Zimbabwe)

 Debra Tatenda                                               Tel: +263 77802131
 IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)

 Lloyd Mlotshwa                                              Tel: +263 (242) 745 119/33/39

 

 

 

Note: The information contained within this announcement is deemed by the
Company to constitute inside information under the Market Abuse Regulation
(EU) No. 596/2014 (ÒMARÓ) as it forms part of UK domestic law by virtue of
the European Union (Withdrawal) Act 2018 and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.

 

 

 

 

Cautionary Note Concerning Forward-Looking Information

Information and statements contained in this news release that are not
historical facts are Òforward-looking informationÓ within the meaning of
applicable securities legislation that involve risks and uncertainties
relating, but not limited, to CaledoniaÕs current expectations, intentions,
plans, and beliefs.  Forward-looking information can often be identified by
forward-looking words such as ÒanticipateÓ, ÒbelieveÓ, ÒexpectÓ,
ÒgoalÓ, ÒplanÓ, ÒtargetÓ, ÒintendÓ, ÒestimateÓ, ÒcouldÓ,
ÒshouldÓ, ÒmayÓ and ÒwillÓ or the negative of these terms or similar
words suggesting future outcomes, or other expectations, beliefs, plans,
objectives, assumptions, intentions or statements about future events or
performance. The forward-looking information contained in this news release is
based, in part, on assumptions and factors that may change or prove to be
incorrect, thus causing actual results, performance or achievements to be
materially different from those expressed or implied by forward-looking
information.  Such factors and assumptions include, but are not limited to,
achieving Blanket MineÕs annual production forecast.

 

To the extent any forward-looking information herein constitutes a financial
outlook or future oriented financial information, any such statement is made
as of the date hereof and included herein to provide prospective investors
with an understanding of the Company's plans and assumptions. Security
holders, potential security holders and other prospective investors should be
aware that these statements are subject to known and unknown risks,
uncertainties and other factors that could cause actual results to differ
materially from those suggested by the forward-looking statements.  Such
factors include, but are not limited to: risks relating to estimates of
mineral reserves and mineral resources proving to be inaccurate, fluctuations
in gold price, risks and hazards associated with the business of mineral
exploration, development and mining, risks relating to the credit worthiness
or financial condition of suppliers, refiners and other parties with whom the
Company does business; inadequate insurance, or inability to obtain insurance,
to cover these risks and hazards, employee relations; relationships with and
claims by local communities and indigenous populations; political risk; risks
related to natural disasters, terrorism, civil unrest, public health concerns
(including health epidemics or outbreaks of communicable diseases such as the
coronavirus (COVID-19)); availability and increasing costs associated with
mining inputs and labour; the speculative nature of mineral exploration and
development, including the risks of obtaining or maintaining necessary
licenses and permits, diminishing quantities or grades of mineral reserves as
mining occurs; global financial condition, the actual results of current
exploration activities, changes to conclusions of economic evaluations, and
changes in project parameters to deal with unanticipated economic or other
factors, risks of increased capital and operating costs, environmental, safety
or regulatory risks, expropriation, the CompanyÕs title to properties
including ownership thereof, increased competition in the mining industry for
properties, equipment, qualified personnel and their costs, risks relating to
the uncertainty of timing of events including targeted production rate
increase and currency fluctuations.  Security holders, potential security
holders and other prospective investors are cautioned not to place undue
reliance on forward-looking information.  By its nature, forward-looking
information involves numerous assumptions, inherent risks and uncertainties,
both general and specific, that contribute to the possibility that the
predictions, forecasts, projections and various future events will not occur.
 Caledonia undertakes no obligation to update publicly or otherwise revise
any forward-looking information whether as a result of new information, future
events or other such factors which affect this information, except as required
by law.

 

This news release is not an offer of the shares of Caledonia for sale in the
United States or elsewhere. This news release shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any sale of
the shares of Caledonia, in any province, state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such province, state or
jurisdiction.

 

 

 

 1  Refer to the technical report entitled "NI 43-101 Technical Report on the
Blanket Gold Mine, Zimbabwe" with effective date December 31, 2023 prepared by
Caledonia Mining Corporation Plc and filed by the Company on SEDAR+
(https://www.sedarplus.ca (https://www.sedarplus.ca/) ) on May 15, 2024.

 

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