Caledonia Mining saw gold output jump 9.3 percent in early 2025. The company dug up 19,106 ounces from January through March at its Zimbabwe mines. Cash from gold sales hit $56.2 million, with profits reaching $26.9 million. They paid $11.8 million to Zimbabwe for taxes. Gold prices helped them earn almost twice as much as last year.
The mining firm expects its Blanket Mine to produce up to 78,000 ounces this year. They recently sold their solar plant for $22.35 million, making $14.3 million extra money. This cash will help them grow their mining business faster. Their Blanket site made 18,671 ounces despite lower quality ore. The company plans to spend $2.8 million looking for more gold at Motapa.
Caledonia wants to make the most money from its three mine sites. It continues to check if Bilboes can become profitable with higher building costs. The board gave shareholders a 14-cent payment for each share they hold. The company first started these cash rewards back in 2014. Caledonia remains careful about balancing growth with giving money to investors.
The mining firm expects its Blanket Mine to produce up to 78,000 ounces this year. They recently sold their solar plant for $22.35 million, making $14.3 million extra money. This cash will help them grow their mining business faster. Their Blanket site made 18,671 ounces despite lower quality ore. The company plans to spend $2.8 million looking for more gold at Motapa.
Caledonia wants to make the most money from its three mine sites. It continues to check if Bilboes can become profitable with higher building costs. The board gave shareholders a 14-cent payment for each share they hold. The company first started these cash rewards back in 2014. Caledonia remains careful about balancing growth with giving money to investors.
