Caledonia Mining says Blanket mines remains a robust operation as 2026 production target is clipped - Proactive financial news

AI desk brief

Caledonia Mining cut 2026 Blanket output guidance to 69,000–72,500 oz from 72,000–76,500 oz after compressor delays and processing issues hit Q3 production. Q3 output fell 10.9% y/y to 17,030 oz, with 1,100 oz temporarily retained in the plant; the company expects Q4 production of 19,800–23,300 oz as additional compressors come online and retained gold is recovered from mid-October.

The downgrade is modest but directionally supportive for gold from the supply side, while higher cost guidance underscores operational pressure at the mine. AISC was lifted to US$2,650–US$2,850/oz from US$2,500–US$2,700/oz, although group capex was trimmed by US$9 million to US$94.3 million due to deferred spending into 2027.