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Highlights

  • CMCL Q1FY25 revenue rose 45.7% YoY to USD 56.10 million.
  • CMCL Q1FY25 net profit attributable to shareholders surged 535.7% YoY to USD 8.9 million.
  • CMCL reaffirmed FY25 production of 74,000–78,000 oz with AISC of USD 1,690–1,790/oz.

Caledonia Mining Corporation PLC (LSE: CMCL), an FTSE AIM 100 gold producer focused on Zimbabwe, holds a 64% stake in the  Blanket Mine and owns 100% of the Bilboes Mine, Motapa, and Maligreen exploration projects.

In the first quarter of the financial year 2025 (Q1FY25), CMCL reported a 45.7% YoY increase in revenue to USD 56.10 million, supported by higher sales volumes and a 42% rise in the average realised gold price to USD 2,896 per ounce. Gross profit grew by 94.9% YoY to USD 26.90 million, as higher gold prices more than offset increased production costs. Net profit attributable to shareholders surged by 535.7% YoY to USD 8.90 million, driven by increased revenue and a higher average realized gold price contributed to improved overall profitability.

Business Update

CMCL expects Q2 FY25 and full-year profitability to exceed market expectations, supported by sustained high gold prices and steady production at Blanket Mine, following decent Q1 results and positive preliminary Q2 indicators.

Company Outlook

CMCL has reaffirmed its FY25 production guidance of 74,000–78,000 ounces from Blanket Mine, indicating stable operations. The company expects on-mine costs of USD 1,050–1,150 per ounce and all-in sustaining costs (AISC) of USD 1,690–1,790 per ounce for FY25.

Top 10 Shareholder

The top 10 shareholders collectively hold approximately 57.71% of the company's total shares, with Toziyana Trust and Victor Gapare holding the largest individual stakes at around 12.50% and 12.00%, respectively.

Stock Information

The stock price of CMCL has increased by approximately 0.98% over the past month and 98.70% over the past six months. As of 04 August 2025, the stock closed at GBX 1,535, trading above the average of 52-week low of GBX 731 and the 52-week high of GBX 1,800.

Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 4 August  2025. The reference data in this report has been partly sourced from EODHD/Others.

Technical Indicators Defined

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.