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flag Caledonia Mining's 2025 gold output met guidance, but Q4 production dipped due to lower ore and power issues, with 2026 outlook at 76,500–78,500 ounces.

flag Caledonia Mining Corp. reported Q4 2025 gold production at 17,367 ounces, down from 19,841 in the same period the prior year, due to lower tonnages from high-grade areas and power outages, though milling remained strong. flag Full-year 2025 output reached 76,500 ounces, meeting guidance. flag The company expects improved production in the second half of 2026 as higher-grade ore becomes available. flag For 2026, Caledonia projects gold output of 76,500 to 78,500 ounces, with on-mine cash costs of $1,500–$1,700 per ounce and AISC of $2,100–$2,300, driven by inflation and higher operating and sustaining costs. flag Total capital spending is forecast at $162.5 million, including $132 million for the Bilboes development project and up to $11 million more for power infrastructure upgrades. flag The company continues to focus on safety, reliability, and long-term growth through strategic investments.

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