Caledonia Mining Corporation Plc announces today that the board of directors of the Company (the "Board") has approved a dividend of 14 cents per share which will be paid on June 5, 2026.
Other financial highlights include:
- Revenue increased by 18.3% to US$66.43 million, compared with US$56.18 million in the first quarter of 2025 ("Q1 2025" or the "comparative quarter"), driven primarily by a significantly higher average realised gold price.
- Gold production and sales:
o Blanket Mine ("Blanket") produced 14,767 ounces ("oz") of gold in Q1 2026 and sold 13,372 oz, with 3,656 oz of gold bullion on hand at Quarter end.
o Consolidated gold sales (including production from the Bilboes oxide operation) were 13,784 oz, compared to 19,388 oz in the comparative quarter.
o Production during the Quarter was adversely affected primarily by constrained access to higher‑grade areas. This meant that although tonnes milled were slightly higher than the comparative quarter, the head grade reduced from 3.1g/t to 2.5g/t, resulting in a lower recovery. As a result of the lower grade and lower recovery, gold production was reduced and cost per ounce increased.
- Gross profit increased by 19.2% to US$32.10 million, compared to US$26.93 million in Q1 2025, reflecting improved margins due to the higher average realised gold price.
- EBITDA increased by 50.2% to US$33.87 million, compared with US$22.55 million in Q1 2025, representing a substantial improvement driven by higher gold prices.
- Profit after tax increased by 69.4% to US$18.91 million, compared with US$11.16 million in Q1 2025.
- Net cash generated from operating activities increased by 41.5% to US$18.87 million (Q1 2025: US$13.34 million).
- Unit Costs:
o Total costs, both on-mine and all in sustaining cost ("AISC") remained largely within range; however, lower sales volumes resulted in higher on-mine cost and AISC per oz sold due to reduced operating leverage.
o Consolidated on-mine cost averaged US$1,740/oz sold which was higher due to the lower production volumes.
o Similarly, the AISC averaged US$2,765/oz sold, based on 13,784 oz sold.
