Caledonia’s cash flow surges

Caledonia’s chief executive Mark Learmonth.

CALEDONIA Mining Corporation (Caledonia) has reported a whopping 486 percent year-on-year increase in free cash flow to US$62,1 million for the year ended December 31, 2025, driven by disciplined cost control and a surge in gold prices. The strong cash generation allowed the company to swing from a net debt position of US$8,7 million to…

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