Q1 2026 Caledonia Mining Corporation PLC Earnings Call Transcript
Key Points
- Revenue increased by 18% to over $66 million, supported by a higher gold price environment.
- Profit after tax rose nearly 70% to approximately $19 million, with strong cash generation.
- Free cash flow tripled from $4 million to $12 million in the quarter.
- The Bilboes gold project is progressing well, with a successful $150 million convertible bond raise.
- Encouraging deep-level exploration results at Blanket Mine support long-term sustainability.
- Gold production was challenged, with only 14,700 ounces produced due to lower grades mined.
- All-in sustaining cost per ounce increased to $2,700, affecting profitability.
- Connectivity issues during the call affected participation and communication.
- Lower production led to higher unit costs, impacting financial performance.
- The first quarter was disappointing in terms of production, relying heavily on gold prices to offset challenges.
Welcome to the Caledonia Mining Q1 2026 Results presentation. I would like to now hand over to Mark Learmonth, who is the CEO, to begin the results presentation. Mark, over to you.
Thank you, and welcome to this results presentation for the first quarter of 2026. Can we just move through to the presenting team? I actually can't see the slides there. Yes, just move through to the presenting team. So as you heard, I'm Mark Learmonth, Caledonia's CEO.
I'm joined by Ross Jerrard, the CFO; Victor Gapare, Executive Director. We're not all together. Not certain if Craig Harvey will be able to join us. We're having some connectivity issues to Johannesburg, which where he is. So Craig may or may not join us. And then there's Maurice Mason, Vice President, Corporate Development and Investor Relations. So that's the team. Should we move on? Okay. Just by summary.
As we've previously announced, gold production in the first quarter was somewhat challenged. There
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
