Caledonia Mining shares edge higher as record gold price boost earnings

Revenue roseate 18.3% year-on-year to $66.43 million, EBITDA jumped 50.2% to $33.87 cardinal and nett aft taxation climbed 69.4% to $18.91 million, each driven by an mean realised golden terms of $4,816 per ounce, up 66.3% connected the aforesaid play past year.

Gold accumulation fell 20.9% to 14,767 ounces owed to constrained entree to higher-grade areas, pushing on-mine costs to $1,740 per ounce and the all-in sustaining outgo to $2,765 per ounce.

However, people improved month-on-month done the 4th and has continued to retrieve into April, underpinning the company's reiterated full-year accumulation guidance for Blanket of 72,000 to 76,500 ounces, weighted towards the 2nd half.

Cavendish, which carries a 'buy' standing and a 4,050p people terms connected the stock, raised its adjusted net per stock estimation for the fiscal twelvemonth 2026 to 304.2 cents from 264.8 cents pursuing the results, noting that portion costs came successful amended than forecast.

The broker views the Bilboes golden task successful Zimbabwe arsenic perchance transformational, arguing it could astir quadruple yearly attributable accumulation to astir 200,000 ounces, attracting a caller people of organization capitalist and supporting a materially higher marketplace capitalisation.

A quarterly dividend of 14 cents per stock was declared alongside the results.