Revenue and profitability surged on the back of improved gold prices and higher production. Operating cash flow and free cash flow rebounded sharply, while costs per ounce rose due to inflation and increased sustaining capital.

Revenue reached $65.0M, up 30% YoY, supported by record quarterly gold production of 21,070 ounces and an average realised gold price of $3,188/oz. Net income attributable to shareholders was $20.5M with EPS of $1.057 and adjusted EPS of $1.139. Strong cash generation from operations totaled $28.1M, while the net cash position improved to $26.2M, aided by the $22.35M sale of the solar plant.

Caledonia Mining delivered robust Q1 2025 results, marked by significant revenue and profit growth supported by increased gold output and higher average realized prices.

Caledonia Mining Corporation Plc announced its operating and financial results for the year ended December 31, 2024, reporting a record gross profit of $77.0 million and a net attributable profit of $17.9 million, a substantial improvement from the previous year's net loss. This turnaround was primarily due to higher gold prices and reduced production costs. The company also announced a restatement of previous financial statements due to an accounting error related to deferred tax liabilities, which had no effect on historic cash or cashflow statements.