Recent Updates — CMCL
Caledonia Mining Corporation Plc announced a maiden mineral resource estimate for its 100%-owned Motapa property in Zimbabwe, adjacent to its developing Bilboes Gold Project. The estimate identifies 7.8 million tonnes at 1.51 g/t containing 379,000 ounces of gold in measured and indicated categories, plus 2.7 million tonnes at 1.48 g/t containing 131,000 ounces in inferred categories, using a 0.5 g/t cut-off grade. The company acquired Motapa for $8.25 million and spent $7.084 million on exploration through June 2026, resulting in an acquisition and discovery cost of approximately $40.45 per measured and indicated ounce. This resource supports the potential to extend Bilboes' planned production profile or support a larger operation, with first gold production at Bilboes expected in late 2028. Caledonia Mining Corporation Plc operates in the gold mining industry.
Caledonia Mining Corporation Plc announced a 22% increase to its underground measured and indicated mineral resources at Blanket Mine, rising to 2.178 million ounces of gold contained in 17.7 million tonnes at 3.83 g/t grade as of June 30, 2026. The company also declared a maiden surface mineral resource estimate comprising 30 thousand ounces of indicated gold across oxide and sulphide zones. Management highlighted successful conversion of inferred resources to higher-confidence categories and outlined plans for a technical study to deepen operations below 1,100 meters by late 2026. Additionally, the company intends to commence trial heap-leach processing on near-surface oxide material in the first half of 2027, subject to environmental approvals. Caledonia Mining Corporation Plc operates as a gold mining company focused on the Blanket Mine project in Zimbabwe.
Caledonia Mining Corporation Plc reported unaudited financial results for the six months ended June 30, 2026. Consolidated revenue increased to $142.3 million from $121.5 million in the prior year period, driven by a higher average realized gold price of $4,502 per ounce compared to $3,045. Gold production declined 18.8% to 32,916 ounces due to lower grades and constrained access at the Blanket mine. Net profit attributable to shareholders rose to $39.7 million from $29.4 million, supported by a $15.5 million fair value gain on derivative instruments. The company reaffirmed its 2026 production guidance of 72,000-76,500 ounces at Blanket and revised the all-in sustaining cost range upward to $2,500-$2,700 per ounce. Caledonia is a Zimbabwean-focused exploration, development, and mining company.
Caledonia Mining Corporation Plc reported Q2 2026 results with revenue of US$75.9 million and profit after tax of US$30.0 million. Gold production increased 18% to 17,360 ounces due to improved grades at Blanket Mine. The Board declared a quarterly dividend of US$0.14 per share, payable September 4, 2026, with record date August 21, 2026. Bilboes project financing progress includes credit approvals for over 50% of a US$150 million interim facility and advanced due diligence for a US$300 million project finance facility. The company reaffirmed 2026 production guidance of 72,000-76,500 ounces but raised cost guidance ranges to US$1,600-US$1,800/oz on-mine and US$2,500-US$2,700/oz AISC. Caledonia Mining Corporation Plc operates gold mines in Zimbabwe.