Caledonia Mining Corporation Blanket Mine Q3 Production Update and Revised Guidance for 2026 - TradingView

AI desk brief

Caledonia cut FY2026 Blanket Mine gold guidance to 69,000-72,500oz from 72,000-76,500oz after Q3 production fell to 17,030oz versus 19,106oz a year ago, hit by compressed-air shortages at deeper high-grade areas and temporary gold retention in the plant. The company now expects Q4 output of 19,800-23,300oz as new compressors and elution capacity come online, with about 1,100oz of trapped gold due to be recovered from mid-October.

Costs were also lifted: on-mine cost guidance rose to US$1,700-US$1,900/oz sold from US$1,600-US$1,800, and AISC to US$2,650-US$2,850/oz from US$2,500-US$2,700, reflecting lower volumes. Capex was trimmed to US$94.3m from US$103.3m mainly due to timing shifts, but the company said this should not affect internal cash flow support for the Bilboes project.