Caledonia Mining says Blanket mines remains a robust operation as 2026 production target is clipped - Yahoo Finance UK

AI desk brief

Caledonia Mining cut 2026 Blanket mine gold guidance to 69,000–72,500oz from 72,000–76,500oz after Q3 output missed expectations, while all-in sustaining costs were raised to US$2,650–US$2,850/oz from US$2,500–US$2,700/oz. Q3 production fell 10.9% to 17,030oz and 9M output declined 16.5% to 49,158oz as compressor installation delays and processing issues temporarily trapped about 1,100oz in the plant.

Management said two compressors are already onsite and another two are being transported, with fourth-quarter output guided at 19,800–23,300oz and recovery of retained gold expected from mid-October. The update is modestly supportive for gold on tighter mine supply, though the company still describes Blanket as a robust, cash-generative operation.