Caledonia Mining CEO on securing US$150m facility to accelerate Bilboes gold project

Caledonia Mining (NYSE:CMCL) reported Q3 2026 results with gold production down 11% YoY to 17,030 ounces due to operational issues, but revenue rose 10% to $78.9M on higher gold prices. EBITDA fell 16% sequentially to $28.1M. Management expects recovery in Q4 and secured $150M funding for the Bilboes project. Shares traded at $19.55, down 2.28%.

Caledonia Mining (NYSE:CMCL) reported Q3 2026 earnings with production down 11% YoY to 17,030 ounces due to operational issues, but secured $150M financing for its Bilboes project. Revenue rose 10% to $78.93M, while EBITDA fell 16% to $28.1M. Shares dropped 2.28% to $19.55. Management expects improvements in Q4 and maintains full-year guidance of 69,000-72,500 ounces.

Caledonia Mining reported a 10.5% revenue increase to $78.9M in Q3 2026, driven by higher gold prices, despite an 8% drop in gold sales and operational challenges at its Blanket Mine. Gross profit rose 13.6% to $41.9M, but profit after tax fell 39.3% due to derivative losses. The company addressed operational issues and revised its 2026 production guidance to 69,000-72,500 ounces, while advancing its Bilboes Gold Project.

Caledonia Mining Corp Plc (CMCL) furnished an SEC Form 6-K — earnings release. Exhibit 99.1 Caledonia Mining Corporation Plc (NYSE AMERICAN, AIM and VFEX: CMCL) ABRIDGED AND UNAUDITED QUARTERLY RESULTS AND DETAILS OF MANAGEMENT CONFERENCE CALL for the third quarter and nine months ended September 30, 2026 (the “Quarter” or “Q3 2026” and “Nine Months” respec

Caledonia Mining secured a $150m interim financing facility from eight Zimbabwean banks to fund the Bilboes Gold Project. The 36-month facility includes a $50m revolving credit and a $100m term loan, with interest rates tied to SOFR. The company aims to start construction in 2027 and produce first gold by October 2028. This financing is part of Caledonia's broader funding strategy for the project.

Caledonia Mining Corporation secured a US$150m financing facility from Zimbabwean banks for its Bilboes gold project. The deal includes a US$50m revolving credit and a US$100m term facility, with options to increase. Initial groundwork has begun, with construction planned for 2027 and first production targeted for October 2028. The company is listed on NYSE American, AIM, and Victoria Falls Stock Exchange.