Caledonia Mining raises 2026 AISC guidance to US$2,650-2,850 per ounce sold
CMCL•Caledonia Mining cut 2026 Blanket gold production guidance to 69,000–72,500 ounces and raised all-in sustaining cost guidance to US$2,650–2,850 per ounce sold. Group capital expenditure is forecast at US$94.3 million, down from US$103.3 million.
1. Production guidance cut
Caledonia Mining lowered 2026 Blanket gold production guidance to 69,000–72,500 ounces from 72,000–76,500 ounces. Compressed-air shortages delayed higher-grade mining, and approximately 1,100 ounces of gold remained in the plant at September 30.
2. Costs and spending
On-mine cost guidance rose to US$1,700–1,900 per ounce sold from US$1,600–1,800, reflecting lower production expectations. All-in sustaining cost guidance increased to US$2,650–2,850 per ounce sold from US$2,500–2,700. Group capital expenditure is forecast at US$94.3 million, compared with US$103.3 million previously, as Bilboes spending shifts into 2027.
