Caledonia Mining Corporation Plc - Q1 2026 Production and Operating Update

Caledonia Mining Corporation Plc announced its Q1 2026 production figures for Blanket Mine, with gold production at 14,767 ounces, a decrease from 18,671 ounces in Q1 2025. This was anticipated due to mining sequences, access constraints to higher-grade areas, equipment availability, and challenging ground conditions. The company is implementing a new seven-day mine shift system and has appointed a contractor to accelerate access to higher-grade ore. Milling capacity will increase in Q2 2026 with an additional ball mill. Caledonia remains confident in its full-year production guidance of 72,000 to 76,500 ounces, expecting a stronger second half of the year as these initiatives take effect. The CEO noted that while Q1 production was below expectations, plant performance remained strong. Challenges encountered are being addressed through accelerated mine development and improved equipment availability.