Caledonia Mining (CMCL) Projects 72,000-76,500 Ounces Gold Production in FY 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Production Outlook: Caledonia Mining expects to produce between 72,000 and 76,500 ounces of gold from its Blanket Mine in Zimbabwe in FY 2026, with stronger production anticipated in the second half as higher-grade areas come online, indicating confidence in future growth.
- Capital Expenditure Plan: The company projects total capital expenditure of $162.5 million for 2026, reflecting ongoing investments in mining operations despite challenges posed by inflation and rising operational costs.
- Cost Guidance: Direct operating costs for 2026 are expected to be higher than the first nine months of 2025 due to inflation and increased costs in mining, milling, and processing, which may impact the company's profit margins.
- Executive Change: COO James Mufara has left the company, but Caledonia confirms that the existing executive and operational team will continue to manage the business, maintaining strategic stability amid leadership changes.
Analyst Views on CMCL
Wall Street analysts forecast CMCL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CMCL is 45.00 USD with a low forecast of 45.00 USD and a high forecast of 45.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 32.630
Low
45.00
Averages
45.00
High
45.00
Current: 32.630
Low
45.00
Averages
45.00
High
45.00
About CMCL
Caledonia Mining Corporation Plc is a gold production, exploration and development company focused on Zimbabwe. The Company owns a 64% stake in the gold-producing Blanket Mine (Blanket), 100% stakes in the Bilboes mine and the Motapa and Maligreen gold mining claims, all situated in Zimbabwe. The Blanket Gold Mine is a Zimbabwean gold mine, which operates at a depth of approximately 750 meters below surface and produced approximately 55,000 ounces of gold. Blanket also holds brownfield exploration and development projects both on the existing mine area and on its satellite properties which are within trucking distance of the Blanket metallurgical recovery plant. It also holds the Motapa gold exploration property in Southern Zimbabwe. The Maligreen project is a property situated in the Gweru mining district in the Zimbabwe Midlands. The Bilboes is a large, high grade gold deposit located approximately 75 kilometers (km) north of Bulawayo, Zimbabwe.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
