Caledonia Mining (NYSEAMERICAN:CMCL) Announces Earnings Results, Misses Estimates By $0.28 EPS

Caledonia Mining (NYSEAMERICAN:CMCL) issued its quarterly earnings results on Thursday. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.28), RTT News reports. Caledonia Mining had a return on equity of 23.29% and a net margin of 23.87%. During the same quarter in the prior year, the firm earned $0.77 earnings per share.

Here are the key takeaways from Caledonia Mining’s conference call:

• Third-quarter gold production was just over 17,000 ounces, and Caledonia lowered 2026 guidance to 69,000–72,500 ounces. Compressed-air shortages restricted access to higher-grade areas, while plant issues left about 11,000 ounces of gold temporarily tied up in the CIL circuit.
• Management reported a post-quarter improvement: Blanket produced nearly 7,000 ounces in October, with higher grades, and commissioned additional compressor and elution capacity. The company said these measures are helping recover retained gold, while a trial heap-leach operation could provide another source of production if successful.
• A realized gold price of $4,134 per ounce helped support quarterly EBITDA of $28 million, despite lower ounces sold. Caledonia also secured a $150 million interim facility for Bilboes, bringing pro forma liquidity to just under $350 million; broader project financing remained under negotiation.
• Work at the Bilboes development project is advancing, including site earthworks, engineering and long-lead equipment orders. Management is targeting first gold at the end of 2028, though some major contract costs are still pending and the final project financing has not yet closed.
• Blanket’s measured and indicated underground resources increased 22% to nearly 2.2 million ounces, and Caledonia reported a maiden Motapa resource of about 510,000 ounces. Management sees potential to expand these resources and explore synergies between Motapa and Bilboes.

Caledonia Mining Price Performance

Shares of NYSEAMERICAN:CMCL traded up $0.16 during trading hours on Thursday, hitting $20.16. 216,501 shares of the company’s stock traded hands, compared to its average volume of 265,496. Caledonia Mining has a 52 week low of $15.85 and a 52 week high of $34.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.03 and a current ratio of 5.73. The company’s fifty day simple moving average is $23.34 and its two-hundred day simple moving average is $23.53. The company has a market cap of $389.29 million, a price-to-earnings ratio of 5.78 and a beta of 0.79.

About Caledonia Mining

Caledonia Mining Corporation Plc is a gold producer focused on Zimbabwe. Its principal operating asset is the Blanket Mine, an underground gold mine near Gwanda in the country’s Matabeleland South province. The company produces gold for sale to refiners and other customers. Caledonia acquired an interest in Blanket in 2006 and later increased its ownership to 100%. It also owns the Bilboes gold project in Zimbabwe, which it acquired in 2022, and pursues development and exploration activities there.