Caledonia Mining Q3 2026 basic EPS falls 86% year on year to USD 0.11
CMCL•Caledonia Mining's Q3 2026 basic EPS fell 86% year over year to USD 0.11. Revenue rose 11% to USD 78.9 million, while profit after tax fell 39% to USD 11.3 million and gold production at Blanket dropped 11% to 17,030 ounces.
1. Quarterly results
Caledonia Mining's Q3 2026 profit after tax fell 39% year over year to USD 11.3 million, primarily due to non-cash derivative losses. Revenue rose 11% to USD 78.9 million, driven primarily by a higher average realized gold price of USD 4,134 per ounce.
2. Production and guidance
Blanket gold production dropped 11% year over year to 17,030 ounces following compressed-air shortages and a temporary gold buildup in the processing plant. Management revised Blanket's 2026 production guidance to 69,000–72,500 ounces and said the operational issues have been resolved.
3. Bilboes funding
A facilities agreement provides up to USD 150 million for Bilboes, with first gold targeted for Q4 2028.
