Caledonia Mining Corporation Plc announced its operating and financial results for the quarter ended June 30, 2025, reporting a 30% increase in revenue to $65.0 million, up from $50.1 million in Q2 2024. Net profit attributable to shareholders surged by 147% to $20.5 million, with adjusted EPS climbing by 155% to 113.9 cents.
The company achieved record second-quarter gold production at Blanket Mine of 21,070 ounces, a 1.4% increase from Q2 2024, and raised its annual production guidance for 2025 to 75,500 - 79,500 ounces. Operating cash flows reached $28.1 million for the quarter, contributing to $41.3 million in the first half of 2025.
The successful sale of the solar plant for $22.35 million in April further strengthened the balance sheet, contributing to a $16.9 million increase in cash and cash equivalents in H1 2025. While on-mine costs and AISC increased due to higher labor and consumables, the company continues to invest in strategic growth projects like Bilboes and Motapa, with $3.1 million allocated to exploration in H1 2025.
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