Caledonia Mining Posts Lower Q3 Gold Production at Blanket Mine, Cuts Outlook

MT newswire2026/10/09 09:26

05:26 AM EDT, 10/09/2026 (MT Newswires) -- Caledonia Mining (CMCL) reported lower third quarter gold production at its Zimbabwe-based Blanket Mine on Friday due to compressed air shortages in mining areas and a temporary rise in inventory. For the quarter ended Sept. 30, gold production fell to 17,030 ounces from 19,106 ounces a year earlier. The company lowered its fiscal 2026 gold production guidance for the mine to 69,000 to 72,500 ounces from previous range of 72,000 to 76,500 ounces. Following reduction in the annual outlook, the company expects Q4 gold production to reach around 19,800 to 23,300 ounces.

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