Higher gold prices lift Caledonia

The discovery, comprising oxide and sulphide mineralisation, emerged from a surface exploration programme launched in 2025 targeting the Banded Iron For­mation (BIF) that trends north-northwest through the Blanket mining lease.

CALEDONIA Mining Corporation’s revenue for the first quar­ter ended March 31, 2026, grew 18,3 percent year-on-year to US$66,43 million buoyed by stronger gold prices. This is despite lower production at Blanket Mine, which pro­duced 14 767 ounces of gold during the quarter and sold 13 372 ounces, while consolidated gold sales, including output from the…

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