Caledonia Mining Corp PLC (AMEX:CMCL)

Q3 2025 Caledonia Mining Corporation PLC Earnings Call Transcript

Nov 10, 2025 / 02:00 PM GMT

Release Date Price: $28.71 (+5.05%)

Transcript

Key Points

Positve

Caledonia Mining Corp PLC (CMCL) reported a strong operational performance with production at Blanket Mine reaching over 19,000 ounces and sales exceeding 20,000 ounces.
The company benefited from a significant increase in gold prices, which rose by 40% quarter-on-quarter to over $3,400 an ounce, driving revenue up by 52% to $71 million and EBITD up by 162% to $33 million.
Caledonia Mining Corp PLC (CMCL) declared a quarterly dividend of $0.14 per share, continuing its commitment to returning value to shareholders.
The company is on track to meet its increased production guidance for 2025, with year-to-date production 3,000 ounces ahead of expectations.
Exploration initiatives at Blanket and Matapa are showing encouraging results, with a maiden resource declaration for Matapa North expected in the first half of 2026.

Negative

The company experienced a tragic fatality at the Blanket Mine during the quarter, prompting a comprehensive review of safety procedures.
On-mine costs increased by 27% quarter-on-quarter, driven by higher electricity, labor, and consumable expenses, as well as additional volumes processed due to lower grades.
All-in sustaining costs rose by 40%, impacted by increased on-mine costs and higher royalties due to elevated gold prices.
The company updated its cost guidance for 2025, increasing the range for on-mine costs and all-in sustaining costs by over 10% and 9.5%, respectively.
Despite operational improvements, the company acknowledged that it is unlikely to return to historical cost levels due to the deeper mining operations and increased power requirements.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CMCL.A - Caledonia Mining Corporation PLC
Q3 2025 Caledonia Mining Corporation PLC Earnings Call
Nov 10, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon and welcome to the Q3 2025 results presentation for Caledonia Mining. Today we're joined by Mark Lehman, who's the CEO and he's going to introduce the webinar and start his presentation. Mark, over to you.

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Unidentified_2 [2]
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Thank you, I'll move on to the forward-looking statement and disclaimer page, next page, there you go.

And then the presenting team, so yeah, I'm Mark Leemon, Caledonia's chief executive, joined by Ross Gerrard, the CFO who will run us through the the financial numbers. James Mafara,

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