EPISODE · Mar 24, 2026 · 4 MIN
Caledonia Mining CEO on strong 2025 results, Bilboes progress and positive Zimbabwe engagement
from Proactive - Interviews for investors · host Proactive Investors
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) chief executive Mark Learmonth talked with Proactive's Stephen Gunnion about the company’s strong 2025 financial results and the next steps for its key growth projects, including Bilboes and Blanket. Learmonth highlighted a “very, very strong year financially,” with revenue rising 46%, driven largely by higher gold prices, while production remained stable. Gross profit increased 78% to nearly $140 million, EBITDA doubled to $125 million, and profit after tax rose significantly to $67 million. He emphasised that these results reflect both favourable market conditions and consistent operational performance. Looking ahead, Caledonia Mining is focused on advancing the Bilboes project into development. Learmonth explained that securing liquidity is critical to maintaining momentum, noting the importance of funding to “start placing the long lead-time orders and don’t end up waiting.” The company recently secured $130 million through a convertible bond and is targeting an additional $150 million in local bank funding to support early-stage development activities. At the Blanket mine, the company is pursuing a dual strategy of cost reduction and scoping out potential areas where production might be increased to improve efficiency over time. Learmonth indicated that while some initiatives may take time to materialise, they are key to long-term operational improvement. He also pointed to improving investor sentiment toward Zimbabwe, supported by constructive government engagement and growing interest from international investors. The cautionary note concerning forward-looking information in the announcement applies to the content of this video. Please see announcement here: https://polaris.brighterir.com/public/caledonia_mining/news/rns_tool/story/rym9lkr. For more insights, visit Proactive’s YouTube channel, like this video, subscribe to the channel, and enable notifications for future updates. #CaledoniaMining #GoldMining #BilboesProject #MiningStocks #GoldPrice #ZimbabweMining #ResourceInvesting #MiningNews #StockMarket #GoldProduction #InvestorUpdate #MiningInvestment
What this episode covers
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) chief executive Mark Learmonth talked with Proactive's Stephen Gunnion about the company’s strong 2025 financial results and the next steps for its key growth projects, including Bilboes and Blanket. Learmonth highlighted a “very, very strong year financially,” with revenue rising 46%, driven largely by higher gold prices, while production remained stable. Gross profit increased 78% to nearly $140 million, EBITDA doubled to $125 million, and profit after tax rose significantly to $67 million. He emphasised that these results reflect both favourable market conditions and consistent operational performance. Looking ahead, Caledonia Mining is focused on advancing the Bilboes project into development. Learmonth explained that securing liquidity is critical to maintaining momentum, noting the importance of funding to “start placing the long lead-time orders and don’t end up waiting.” The company recently secured $130 million through a convertible bond and is targeting an additional $150 million in local bank funding to support early-stage development activities. At the Blanket mine, the company is pursuing a dual strategy of cost reduction and scoping out potential areas where production might be increased to improve efficiency over time. Learmonth indicated that while some initiatives may take time to materialise, they are key to long-term operational improvement. He also pointed to improving investor sentiment toward Zimbabwe, supported by constructive government engagement and growing interest from international investors. The cautionary note concerning forward-looking information in the announcement applies to the content of this video. Please see announcement here: https://polaris.brighterir.com/public/caledonia_mining/news/rns_tool/story/rym9lkr. For more insights, visit Proactive’s YouTube channel, like this video, subscribe to the channel, and enable notifications for future updates. #CaledoniaMining #GoldMining #BilboesProject #MiningStocks #GoldPrice #ZimbabweMining #ResourceInvesting #MiningNews #StockMarket #GoldProduction #InvestorUpdate #MiningInvestment
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Caledonia Mining CEO on strong 2025 results, Bilboes progress and positive Zimbabwe engagement
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