Caledonia Mining reports steady production, fatality at Blanket
By Josh White
Date: Tuesday 21 Oct 2025
(Sharecast News) - Caledonia Mining reported steady third-quarter production from its Blanket Mine in Zimbabwe on Tuesday, keeping the company on course to meet its increased full-year guidance for 2025.
Gold output for the three months ended 30 September totalled 19,106 ounces, slightly higher than the 18,992 ounces produced in the same period last year.
Production for the first nine months of the year rose to 58,846 ounces from 56,815 ounces a year earlier.
The AIM-traded firm reaffirmed its full-year production target of 75,500 to 79,500 ounces.
"We're pleased to report another quarter of solid performance at Blanket, building on the exceptional start to the year," said chief executive Mark Learmonth.
"It is, however, with deep regret that we reported in September the loss of a Blanket Mine colleague following an accident related to secondary blasting.
"On behalf of Caledonia, I extend our heartfelt condolences to the family and colleagues of the deceased.
"The safety and well-being of our workforce remains our highest priority."
He said the consistency of output reflected the "strategic investments we've made across the business" and confirmed the group remains on track to achieve its increased production guidance for the year.
At 1335 BST, shares in Caledonia Mining Corporation were flat at 2,680p.
Reporting by Josh White for Sharecast.com.
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