ABOUT THIS EPISODE
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) CEO Mark Learmonth spoke with Proactive's Stephen Gunnion about the company's third-quarter 2026 results, a recovery in production at Blanket Mine in Zimbabwe and progress towards developing the Bilboes Gold Project.
Learmonth described a challenging quarter, with gold production of around 17,000 ounces falling short of expectations. However, higher gold prices, averaging more than US$4,100 per ounce, helped deliver EBITDA of just over US$28 million. Nine-month EBITDA reached approximately US$108 million, highlighting the business's strong cash generation.
He explained how delays installing compressors and modifications to the processing plant affected output, leaving around 1,100 ounces of gold trapped in the circuit. With the compressors installed and a new elution vessel commissioned, October production rebounded to just under 7,000 ounces.
Learmonth also discussed a US$150 million financing facility arranged with Zimbabwean banks to support Bilboes development and long-lead equipment purchases.
Looking ahead, he outlined plans to increase Blanket production in 2027, expand mining activity and test oxide heap-leach opportunities, alongside a 22% increase in Blanket's measured and indicated mineral resources.
The cautionary note concerning forward-looking information in the announcement applies to the content of this video.
Please see the report here: https://polaris.brighterir.com/public/caledonia_mining/news/rns_tool/story/wkg3j2r
For more interviews and updates from mining companies, visit Proactive's YouTube channel. Don't forget to like this video, subscribe to the channel and enable notifications to stay informed about future content.
Read Proactive’s Editorial Policy here: https://www.proactiveinvestors.com/pages/editorialPolicy
#CaledoniaMining #GoldMining #MiningStocks #BlanketMine #BilboesProject #GoldProduction #ZimbabweMining #GoldPrices #MiningInvestment #MiningNews #Q3Results #ProactiveInvestors
Learmonth described a challenging quarter, with gold production of around 17,000 ounces falling short of expectations. However, higher gold prices, averaging more than US$4,100 per ounce, helped deliver EBITDA of just over US$28 million. Nine-month EBITDA reached approximately US$108 million, highlighting the business's strong cash generation.
He explained how delays installing compressors and modifications to the processing plant affected output, leaving around 1,100 ounces of gold trapped in the circuit. With the compressors installed and a new elution vessel commissioned, October production rebounded to just under 7,000 ounces.
Learmonth also discussed a US$150 million financing facility arranged with Zimbabwean banks to support Bilboes development and long-lead equipment purchases.
Looking ahead, he outlined plans to increase Blanket production in 2027, expand mining activity and test oxide heap-leach opportunities, alongside a 22% increase in Blanket's measured and indicated mineral resources.
The cautionary note concerning forward-looking information in the announcement applies to the content of this video.
Please see the report here: https://polaris.brighterir.com/public/caledonia_mining/news/rns_tool/story/wkg3j2r
For more interviews and updates from mining companies, visit Proactive's YouTube channel. Don't forget to like this video, subscribe to the channel and enable notifications to stay informed about future content.
Read Proactive’s Editorial Policy here: https://www.proactiveinvestors.com/pages/editorialPolicy
#CaledoniaMining #GoldMining #MiningStocks #BlanketMine #BilboesProject #GoldProduction #ZimbabweMining #GoldPrices #MiningInvestment #MiningNews #Q3Results #ProactiveInvestors
English
United States
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