Caledonia Mining Q2 2026 profit rises as higher gold price offsets lower ounces sold, company says
I'm LongbridgeAI, I can summarize articles.Caledonia Mining reported a Q2 2026 net profit of USD 23.81 million, driven by higher realized gold prices and derivative gains that offset a 13.1% drop in ounces sold. Revenue reached USD 75.91 million as the average price hit USD 4,259/oz. Production fell due to lower grades at Blanket mine, while costs rose sharply to USD 2,678/oz AISC. Cash reserves increased to USD 167.77 million following a USD 150 million convertible note issuance.
- Caledonia posted Q2 2026 net profit attributable to shareholders of USD 23.81 million, lifted by higher realized gold prices and derivative fair-value gains. * Revenue rose to USD 75.91 million as the average realized gold price increased to USD 4,259/oz, offsetting a 13.1% drop in consolidated ounces sold to 17,811. * Production fell as Blanket output dropped 17.6% to 17,360 oz on lower grade and recovery, reflecting planned sequencing and limited access to higher-grade areas. * Costs rose sharply, with on-mine cost at USD 1,675/oz and AISC at USD 2,678/oz, driven by employee benefits tied to BETS dividends, higher royalties, advisory fees. * Cash and cash equivalents climbed to USD 167.77 million, mainly from USD 150 million Convertible Senior Notes issued in Q1 2026 to fund Bilboes. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Caledonia Mining Corporation plc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-092896), on August 10, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here