Sign in Subscribe
Caledonia Mining Corp.

Caledonia Mining Corporation Records Exceptional First Quarter Results with 9.3% Increase in Gold Production and Doubled Gross Profit

Strategic Insights

— 1 min read

Caledonia Mining Corporation, a Victoria Falls Stock Exchange-listed gold producer, announced an exceptional first quarter performance in 2025, with gold production surging 9.3% to 19,106 ounces, while gross profit nearly doubled to $26.9 million. The company's revenue reached $56.2 million, and it paid $11.8 million in royalties and taxes to the Zimbabwe Government. The exceptional performance was driven by higher milled tonnage at the Blanket Mine, which offset slightly lower grades. The company reaffirmed its production guidance for 2025, targeting 74,000 to 78,000 ounces of gold from its Zimbabwean operations.

Key Takeaways:

  • Caledonia Mining Corporation recorded a 9.3% increase in gold production in the first quarter of 2025, reaching 19,106 ounces, compared to 17,476 ounces in the same period last year.
  • The company's gross profit nearly doubled to $26.9 million, driven by higher milled tonnage at the Blanket Mine and favorable gold prices.
  • The sale of the 12.2 MW solar power plant for $22.35 million has significantly strengthened the company's balance sheet and allowed it to redirect capital toward its core gold mining operations.
  • Caledonia is focused on three strategic priorities: maximizing profitable production at Blanket Mine, optimizing the economics of the Bilboes project, and unlocking the exploration potential at Motapa.
  • The company has launched a $2.8 million exploration program at Motapa, targeting both sulphide and oxide resources.
  • Caledonia has announced a quarterly dividend of 14 United States cents (US$0.14) on each of its shares, adopting a quarterly dividend policy in 2014.

Statistics:

  • Gold production: 19,106 ounces (9.3% increase from 17,476 ounces in the same period last year)
  • Revenue: $56.2 million (compared to $0 in the same period last year)
  • Gross profit: $26.9 million (nearly doubled from $13.7 million in the same period last year)
  • Dividend: 14 United States cents (US$0.14) per share
  • Solar power plant sale: $22.35 million
  • Exploration program: $2.8 million (launched at Motapa, targeting both sulphide and oxide resources)

Sources:

  • Caledonia Mining Corporation: https://caledoniamining.com/
  • Victoria Falls Stock Exchange: https://www.vfex.co.zw/

Read more