.png)
One of the country’s leading gold producers, Caledonia Mining Corporation Plc, expects to report a profitable second quarter, buoyed by firm gold prices and strong operational performance at its Blanket Mine in Zimbabwe.
By Ryan Chigoche
The company is preparing to release its financial results on August 11.
The upcoming results will cover the quarter and half-year ended June 30, 2025.
In a recent statement, the company said this anticipated profitability builds on a solid first quarter, reflecting sustained production strength alongside favourable market conditions.
With the current production profile at Blanket Mine and assuming the continuation of strong gold prices, Caledonia estimates that profitability for the full year 2025 will significantly exceed market expectations.
Commenting on these developments, Mark Learmonth, Chief Executive Officer, said:
“We were pleased with the excellent production results announced on July 16, 2025. Combined with a robust and sustained gold price, we are enjoying strong profitability. This reflects the hard work and dedication of the team at Blanket Mine and at group level, which we have strengthened significantly in recent times.”
This anticipated profitability follows a record quarterly output in Q2 2025, with Blanket Mine producing 21,070 ounces of gold—the highest second-quarter total in the mine’s history. This marks an increase from 20,773 ounces produced in Q2 2024.
The strong performance lifted gold output for the first half of 2025 to 39,741 ounces, representing a 5.1% increase compared to the 37,823 ounces produced during the same period last year.
In light of this solid performance, Caledonia has raised its full-year production guidance to between 75,500 and 79,500 ounces.
