Caledonia Mining Corporation plc reported a significant increase in revenue to $65.0 million for the second quarter of 2025, up 30% from $50.1 million in the same period of 2024. This increase was driven by higher gold prices and slightly increased production. Gross profit for the quarter rose to $33.8 million, compared to $22.9 million in Q2 2024. The net profit attributable to shareholders more than doubled to $20.5 million, up from $8.3 million in Q2 2024. Additionally, the adjusted earnings per share $(EPS)$ climbed to 113.9 cents from 44.6 cents in Q2 2024. The consolidated on-mine cost per ounce increased by 10.9% to $1,123, primarily due to higher labor and consumables costs at Blanket Mine. Looking forward, Caledonia Mining is on track to achieve production within its updated guidance range of 75,500 to 79,500 ounces for the year 2025. The company continues to focus on modernizing its operations and improving mining and operational cost efficiencies. With a strong operational base, Caledonia is well positioned to deliver on its increased production guidance and advance its growth pipeline, aiming to maximize long-term value for shareholders.
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