Caledonia Mining Reports Q1 Gold Drop, Reaffirms Guidance on H2 Recovery Plans

Caledonia Mining Corporation Plc's latest Q1 2026 update confirms Blanket Mine gold production at 14,767 ounces, down from 18,671 ounces in Q1 2025 amid lower grades, equipment issues, and tough ground conditions. The company reaffirmed full-year guidance of 72,000–76,500 ounces, with output weighted to H2 as operational fixes take hold—including a contractor for higher-grade ore, a seven-day mining week, and a Q2 ball mill addition. Earlier coverage echoed these points, noting stronger milling of 202,217 tonnes despite volume softness. Market reaction stays muted, balancing short-term supply pressure against supported recovery prospects.