Caledonia Mining cuts 2026 gold production guidance, raises cost outlook - Engineering News

AI desk brief

Caledonia Mining cut 2026 Blanket mine guidance to 69,000-72,500 oz from 72,000-76,500 oz after Q3 production disappointed at 17,030 oz vs 19,106 oz a year earlier. Full-year on-mine cost guidance was raised to $1,700-$1,900/oz sold and AISC to $2,650-$2,850/oz, underscoring higher unit costs from lower volumes.

The company now sees Q4 output at about 19,800-23,300 oz, helped by added compressor capacity, access to higher-grade areas, recovery of about 1,100 oz retained in the plant, and more ore from Lima. Caledonia also trimmed 2026 capex to $94.3m from $103.3m, mainly by deferring part of the 132 kV power line project to 2027, while saying internal cash flow should still support Bilboes funding.