newsfilter
← Latest News
ACCESS Newswire·

Caledonia Mining Corporation Plc Blanket Mine Q1 2026 Production and Operating Update

  • Caledonia Mining Corporation reported Blanket Mine gold production of 14,767 ounces for Q1 2026, a decrease from 18,671 ounces in Q1 2025.
  • Lower production was driven by mining sequence, access constraints to higher-grade areas, equipment availability issues, & challenging ground conditions.
  • The company is implementing a new mine shift system to increase operations from six to seven days per week.
  • A contractor has been appointed to accelerate access to higher-grade ore sources.
  • Milling capacity will increase in Q2 2026 following the commissioning of an additional ball mill.
  • The company maintains its full-year 2026 production guidance of 72,000 to 76,500 ounces, expecting output to be weighted toward the second half of the year.
  • CEO Mark Learmonth noted strong plant performance with 202,217 tonnes milled despite operational challenges typical of deep mining assets.
  • Management attributes Q1 results to temporary sequencing & ground issues rather than underlying orebody quality or long-term operational fundamentals.