Caledonia Mining shares edge higher as record gold price boost earnings
Key takeaways
- Gold production fell 20.9% to 14,767 ounces due to constrained access to higher-grade areas, pushing on-mine costs to $1,740 per ounce and the all-in sustaining cost to $2,765 per ounce.
- A quarterly dividend of 14 cents per share was declared alongside the results.
Caledonia Mining shares edge higher as record gold price boost earnings Proactive Mon, May 11, 2026 at 6:03 PM GMT+7 1 min read GC=F CMCL Caledonia Mining shares edge higher as record gold price boost earnings Proactive uses images sourced from Shutterstock Shares in Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) rose 2.3% to 1,800p on Monday as investors weighed a first-quarter update in which record gold prices delivered strong financial results.
Revenue rose 18.3% year-on-year to $66.43 million, EBITDA jumped 50.2% to $33.87 million and profit after tax climbed 69.4% to $18.91 million, all driven by an average realised gold price of $4,816 per ounce, up 66.3% on the same period last year.
Gold production fell 20.9% to 14,767 ounces due to constrained access to higher-grade areas, pushing on-mine costs to $1,740 per ounce and the all-in sustaining cost to $2,765 per ounce.