NYSEAM:CMCLMetals and Mining
Why Caledonia Mining (CMCL) Is Up 8.2% After New K-Pits Discovery And Higher Q2 Output
Caledonia Mining Corporation Plc recently reported second-quarter 2026 gold production of 17,360 ounces at its Blanket Mine in Zimbabwe, an 18% increase from the first quarter, alongside reaffirmed full-year production guidance of 72,000 to 76,500 ounces and steadily improving ore grades.
At the same time, drilling at Blanket’s K-Pits target has revealed a new near-surface gold zone with oxide and deeper sulphide mineralisation, opening the possibility of a lower-cost heap leach operation...