Caledonia Mining Reports Q1 Earnings Amid Production Challenges at Blanket Mine
Caledonia Mining reported a 70% increase in profit after tax to nearly $19 million for the first quarter of 2026, driven by higher gold prices despite weaker production from its Blanket Mine. Gold output fell to about 14,700 ounces due to lower grades, but revenue rose 18% to over $66 million.
Tickers: $CMCL
Topics: gold production operational remediation profit increase revenue growth