Caledonia Mining Q4 Earnings Call Highlights

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Caledonia Mining reported a “very strong” financial year for 2025 with revenue up 46% to $267 million and EBITDA doubling to $125.3 million, driven by higher gold prices and 79,000 ounces produced. Despite increased unit costs due to lower grades and higher operational expenses, the company is progressing with its Bilboes project, targeting first gold pour in late 2028, and has secured significant funding for its development. Caledonia also emphasized a comprehensive safety review following a fatality and declared a quarterly dividend of $0.14 per share, balancing growth investment with shareholder returns.

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