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Caledonia Mining's gold output rises 18% in Q2, maintaining 2026 guidance amid better access to high-grade ore.

Market News
20 Jul 2026
Proactive Investors
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Bullish
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Caledonia Mining Corporation reported an 18% increase in gold production at Zimbabwe's Blanket Mine in Q2 2026, reaching 17,360 ounces due to improved access to higher-grade ore. The average grade rose to 2.88 grams per tonne in the quarter and 3.05g/t in July, supporting the company's full-year production guidance of 72,000 to 76,500 ounces. Production is expected to be stronger in the second half of the year, aided by a seven-day workweek and an elution plant upgrade set for September to process stockpiled carbon. CEO Mark Learmonth highlighted that efforts to access higher-grade ore are showing positive results, with grades tracking around 3g/t.

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