Production surged 18% as miner accessed higher-grade zones and boosted efficiency.

Caledonia Mining (NYSEAMERICAN:CMCL) said second-quarter production increased 18% from the first quarter as the company regained access to higher-grade mining areas at its Blanket Mine and implemented operating changes intended to lift output. Chief Executive Mark Learmonth said revenue rose 16% to

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) CEO Mark Learmonth spoke with Proactive's Stephen Gunnion about the company's second-quarter 2026 performance, improving gold production at Blanket Mine and progress on its Zimbabwe growth projects. Learmonth highlighted safety as a key achievement, with no lost-time injuries during the quarter and around 400 LTI-free days. Blanket produced roughly 17,400 ounces of gold, up 18% on Q1, as grade improved from 2.5 to just under 2.9 grams per tonne. "It's grade, grade, grade, grade," Learmonth said, crediting past investment in people, systems and mining controls, and noting grade had continued improving into Q3, which should help bring costs down. Caledonia reported gross cash of approximately $172 million, with Learmonth pointing to strong internal cash generation from Blanket alongside slower-than-expected spending at the Bilboes Sulphide Project. Looking ahead, Learmonth said Blanket is expected to produce around 40,000 ounces in the second half, before further gains from an elution circuit upgrade and processing through the Lima facility. He said he was "very, very comfortable" that the second half would be considerably stronger and that Caledonia would hit its 2026 production guidance. At Bilboes, the company is progressing funding discussions, procurement and infrastructure preparations, still targeting first gold pour in late 2028 and first full year of production in 2029. Learmonth also flagged an upcoming maiden resource at Motapa and plans for trial mining and heap leaching at Blanket's K-Pits in the fourth quarter. The cautionary note concerning forward-looking information in the announcement applies to the content of this video. Please see the report here: https://polaris.brighterir.com/public/caledonia_mining/news/rns_tool/story/w37233x For more interviews and market insights, visit the Proactive YouTube channel. Don't forget to like this video, subscribe to the channel and enable notifications so you never miss future updates. Read Proactive's Editorial Policy here: https://www.proactiveinvestors.co.uk/pages/editorialPolicy #CaledoniaMining #GoldMining #BlanketMine #Bilboes #Motapa #Zimbabwe #Gold #Mining #GoldProduction #GoldExploration #MiningStocks #GoldStocks #Investing #Commodities #Proactive

ImmuPharma PLC (AIM:IMM, FRA:25I) has signed up Kymos Group as its bioanalytical partner for diabetes drug Kapiglucagon. That completes the outsourced team needed to file for human trials in the US. ValiRx PLC (AIM:VAL, FRA:EAJF) is set to get a second European patent for its cancer-killing peptide from subsidiary Cytolytix. It's targeting triple negative breast cancer and is in talks with a major pharma company. Tertiary Minerals PLC (AIM:TYM, OTC:TTIRF, FRA:TMU) has drilled some strong copper and silver hits at its Mushima North project in Zambia. Lab results are due in the coming weeks, with a resource estimate targeted by the end of the year. Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) has kept its 2026 gold production target after output jumped 18% quarter on quarter. Revenue, profit and earnings per share were all up sharply too. Sintana Energy Inc (TSX-V:SEI, OTCQB:SEUSF, FRA:3ZX1, AIM:SEI) will talk to shareholders after a third voted against its new equity pay plan. All resolutions still passed, and the CEO says big catalysts are coming over the next year. Follow us and subscribe on YouTube, our social channels, and on proactiveinvestors.co.uk.

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) maintained its 2026 production target for the Blanket gold mine after output rebounded 18% quarter-on-quarter in the second quarter, though the company raised its cost guidance. Blanket produced 17,360 ounces during the...

Caledonia Mining (CMCL) has put fresh attention on its Blanket mine after new surface exploration results in the K Pits area pointed to near surface gold mineralisation and a possible new orebody. See our latest analysis for Caledonia Mining. At a share price of $18.53, Caledonia Mining has seen short term momentum pick up, with a 7 day share price return of 8.24%, although the 90 day share price return is down 26.64% and the 1 year total shareholder return is down 13.04%, set against a 3...

Caledonia Mining stock has delivered a strong 75.2% return over the past three years, yet recent share price weakness and a high overall value score suggest the market may still be pricing the company cautiously relative to its fundamentals. A 75.2% gain over three years signals that long term holders in Caledonia Mining have already seen substantial value created, putting the focus on whether that progress is now fully built into the price. Recent drilling success at the K Pits target and...

Caledonia Mining Corporation Plc recently reported second-quarter 2026 gold output of 17,360 ounces from its Blanket Mine in Zimbabwe, an 18% increase on the first quarter as access to higher-grade areas improved and full-year guidance of 72,000–76,500 ounces was reaffirmed. The company also revealed a newly identified gold zone at Blanket that could support a lower-cost heap leach operation, potentially adding an additional production stream alongside the existing underground mine. We’ll...

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) has told investors that surface drilling at its Blanket mine in Zimbabwe has uncovered a previously unrecognised gold zone that could support a lower-cost heap leach operation alongside the existing underground mine. The...

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) CEO Mark Learmonth spoke to Proactive's Stephen Gunnion after the company announced what it believes is the discovery of a new ore body at its flagship Blanket Mine in Zimbabwe. Learmonth explained that drilling, initially aimed at identifying shallow oxide material suitable for low-cost heap leach processing, has instead revealed what appears to be a larger sulfide ore body extending at depth. He discussed why near-surface oxide mining could be highly economic despite contributing fewer ounces than Blanket's annual production, highlighting the lower mining costs compared with extracting ore from around 4,000 feet underground. Learmonth also outlined the next steps, including encouraging early metallurgical test work, plans for a 10,000-tonne trial heap leach later this year and the wider exploration potential across the Blanket Mine, which he believes remains far from fully explored despite more than a century of mining. The cautionary note concerning forward-looking information in the announcement applies to the content of this video. Please see the report here: https://polaris.brighterir.com/public/caledonia_mining/news/rns_tool/story/xogjkdr For more interviews and market insights, visit the Proactive YouTube channel. Don't forget to like this video, subscribe to the channel and enable notifications so you never miss future updates. Read Proactive's Editorial Policy here: https://www.proactiveinvestors.co.uk/pages/editorialPolicy #CaledoniaMining #CMCL #goldmining #gold #Zimbabwe #BlanketMine #miningexploration #juniorminers #commodities #investingnews