Africazine:
Caledonia Mining Corporation Plc has reported impressive financial results, showcasing significant growth in revenue and profit for the year ended December 31, 2025.
The Zimbabwe-focused gold producer achieved a 46% increase in revenue, reaching US7.7 million, up from US3.0 million in 2024. This growth was fueled by higher gold prices and stable production levels, with total gold sales rising slightly to 79,075 ounces.
Caledonia Mining’s Revenue Surges in 2025
Caledonia Mining’s financial performance reflects a robust year, with gross profit nearly doubling to US7.1 million from US.0 million. The earnings before interest, tax, depreciation, and amortisation (EBITDA) also saw a sharp rise to US5.3 million, compared to US.7 million in 2024. Profit after tax soared by 193% to US.5 million, up from US.1 million.
The average realised gold price surged to US,383 per ounce, significantly higher than the US,347 per ounce recorded the previous year. This price increase, combined with stable production, underpinned the company’s revenue growth.
Zimbabwe: Key figures on gold production
- Revenue: US7.7 million
- Gold sales: 79,075 ounces
- Average realised gold price: US,383 per ounce
- Gross profit: US7.1 million
- EBITDA: US5.3 million
- Profit after tax: US.5 million
- Basic earnings per share: US.83
- Net cash generated from operating activities: US.2 million
- Free cash flow: US.1 million
- Cash and cash equivalents: US.7 million
- Net cash position: US.8 million
- Gold production at Blanket Mine: 76,213 ounces
- Gold production at Bilboes oxide operation: 1,683 ounces
- Consolidated on-mine cash costs: US,263 per ounce sold
- All-in sustaining costs (AISC): US,952 per ounce
Future Plans for Caledonia Mining
Caledonia Mining is focused on future growth, with expectations for Blanket Mine production to range between 72,000 and 76,500 ounces in 2026. The company plans further investments to enhance operational reliability and support long-term growth.
Additionally, the feasibility study for the Bilboes sulphide project confirmed robust economics, with first production targeted for 2028. The ongoing exploration at the Motapa project is part of a broader strategy to develop a multi-asset gold production hub in Zimbabwe.
Next Steps for Caledonia Mining
- Continue production at Blanket Mine
- Advance the Bilboes sulphide project towards first production in 2028
- Expand exploration efforts at the Motapa project
- Maintain operational stability and financial flexibility
Caledonia Mining is poised for continued growth in Zimbabwe’s gold sector.
