Caledonia Mining Boosts 2025 Profit Outlook on Strong Zimbabwe Gold Production
Caledonia Mining Expects 2025 Profitability to Exceed Market Estimates Driven by Increased Gold Production
Zimbabwe-focused gold miner Caledonia Mining Corporation has announced that it expects its profitability for the 2025 financial year to be significantly ahead of market expectations.
“We are very pleased with the excellent production results announced on July 16. Combined with a robust and sustained gold price, we are experiencing strong profitability,” said CEO Mark Learmonth.
“This success reflects the hard work and dedication of the team at Blanket Mine and across the group, which we have recently strengthened.”
In a trading update issued ahead of the company’s scheduled publication of quarterly and half-year results on August 11, Caledonia stated it expects to report a profitable second quarter following a strong first quarter.
The Blanket Mine produced 21,070 ounces of gold in the quarter ended June 30, bringing total production for the first half of the year to 39,741 ounces.
This represents a 5.1% increase compared to the 37,823 ounces produced in the first half of 2024.
In light of these results, the company has raised its full-year production guidance for Blanket Mine to between 75,500 and 79,500 ounces of gold, up from the previous forecast of 74,000 to 78,000 ounces.
