Caledonia Mining Q3 revenue up 52% on higher gold prices

Overview

• Caledonia Q3 revenue rises 52% yr/yr, driven by higher gold prices and increased sales

• Profit after tax for Q3 increases 467% compared to same quarter last year

• Company announces quarterly dividend of 14 cents per share, payable December 5, 2025

Outlook

• Caledonia maintains 2025 gold production guidance at 75,500 to 79,500 oz

• 2025 on-mine cost guidance for Blanket is $1,150 to $1,250/oz sold

• 2025 AISC guidance revised to $1,850 to $1,950/oz due to higher costs

Result Drivers

• HIGHER GOLD PRICES - Revenue increased due to a 40% rise in average realized gold price

• INCREASED SALES VOLUME - 8.7% increase in gold ounces sold contributed to revenue growth

• CAPITAL INVESTMENTS - Ongoing investments to modernize operations and improve efficiency

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the gold peer group is "buy"

• Wall Street's median 12-month price target for Caledonia Mining Corporation PLC is $27.00, about 1.3% above its November 7 closing price of $27.34

• The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nGNX6RcnhB

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