Record Revenue and Profitability Increase
Revenue increased by 52% to $71 million, and EBITDA rose by 162% to $33 million, driven by a 40% increase in gold prices.
Dividend Declared
Caledonia Mining declared another quarterly dividend of $0.14 per share, continuing its tradition of shareholder returns.
Improved Health and Safety Metrics
Despite a tragic fatality, there was a significant improvement in health and safety parameters, including lost time injuries and environmental conditions.
Encouraging Exploration Results
Positive drilling results at Blanket and Motapa, with a maiden resource declaration expected for Motapa North in H1 2026.
Strong Cash Position
Total liquidity, including cash and fixed deposits, amounted to over $44 million, with planned distributions to increase offshore bank accounts.