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StocksMedium•23 March 2026•

1 min read

Caledonia Mining Reports Record Profits as Gold Prices Surge

A man in a suit in front of a financial dashboard, with American Express logos, a credit card, gold, and oil derricks on a golden background.

Key Facts

1Caledonia Mining's revenue rose 46% to $267.7 million in 2025.

2Total gold sales reached 79,075 ounces, up slightly from 77,917 ounces the previous year.

Version History

5 additional sources confirmed this story

Caledonia Mining Corporation PLC (CMCL) has reported a significant surge in its annual profits for 2025, driven primarily by the global rise in gold prices. The company's revenue jumped 46% to reach $267.7 million, while annual profits nearly tripled compared to the previous year. Total gold sales for the period reached 79,075 ounces, representing only a slight increase from the 77,917 ounces sold in 2024. This financial performance highlights that the growth was fueled by higher realized market prices rather than a substantial increase in production volume. Consequently, the company's cash flow tripled, strengthening its balance sheet despite the relatively flat output from its Zimbabwe-based operations. Investors are closely monitoring CMCL as its profitability remains highly sensitive to volatility in the XAU/USD market.