Caledonia Mining CEO on raised gold guidance, expanded exploration and cost cutting

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) CEO Mark Learmonth talked with Proactive's Stephen Gunnion about the company’s improved production guidance for 2025 and its plans to diversify revenue streams, following its press release on 16 July. The cautionary note concerning forward-looking information in the announcement applies to the content of this video. Learmonth said the company produced just over 21,000oz of gold in the second quarter, slightly ahead of expectations, leading to an upgrade in full-year production guidance to between 75,500oz and 79,500oz. "The critical difference being that they spend much more time on the ground," Learmonth explained, referring to the newly restructured management team at Blanket Mine. This shift has enhanced two-way communication and operational oversight. Learmonth also discussed ongoing efforts to extend the mine's life through exploration at depth and the development of new areas adjacent to the existing footprint, including shallow drilling near Blanket and further exploration of the banded ironstone formation. He highlighted cost control as a major focus area, noting plans to optimise labour and reduce electricity consumption amid inflationary pressures on consumables. Additionally, the company is evaluating the Bilboes project to balance growth ambitions with prudent financial management. For more videos from Proactive, don’t forget to like this video, subscribe to our channel, and enable notifications so you never miss an update. #CaledoniaMining #GoldProduction #BlanketMine #MiningInvesting #GoldExploration #CostReduction #ZimbabweMining #BilboesProject #MiningStocks #ProactiveInvestors