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…
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.