Caledonia Mining lowers 2026 guidance following weak Q3 gold production
CMCL Caledonia Mining Corp Plc
$24.41 +1.08%
View chart & analysis → - 1Caledonia Mining stated that Q3 gold production at the Blanket mine in Zimbabwe fell short of expectations due to a shortage of compressed air.
- 2The company lowered its annual production guidance from 72,000-76,500 ounces to 69,000-72,500 ounces and reduced its capital expenditure plan to $94.3 million.
- 3Two of four new compressors have been deployed, and the company expects to recover 1,100 ounces in mid-October to return to normal production in Q4.
So what's the key point?
Gold production at the Zimbabwe mine decreased in Q3 due to a lack of compressed air. As a result, the company lowered its production target for the year and expects to return to normal operations in Q4.
Source ACCESSWIRE +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.