Caledonia Mining profit and revenue jump on gold price surge
Caledonia Mining Corp PLC on Monday announced that profit has multiplied in the third quarter amid a sharply higher gold price.
The Zimbabwe-focused gold miner said pretax profit surged to $28.9 million in the third quarter of 2025, from $7.9 million a year ago.
Revenue jumped 52% to $71.4 million from $46.9 million. Production costs increased 29% to $27.1 million from $21.1 million.
Notably, the average realised gold price in the third quarter was $3,434 per ounce, a 40% jump from $2,447 a year ago. Caledonia produced 19,106 ounces of gold, up 0.6% from 18,992. It sold 20,792 ounces of gold, 8.7% higher than 19,136 ounces a year ago.
Net foreign exchange loss reduced to $671,000 from $3.1 million.
The firm’s board approved a dividend of 14 US cents which will be paid on December 5.
For 2025, Caledonia’s gold production guidance range is maintained at between 75,500 and 79,500 ounces, similar to 78,302 ounces in 2024.
Caledonia shares rose 5.0% to 2,120.00 pence each on Monday morning in London.
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