Caledonia Mining Corporation Plc (CMCL) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Caledonia Mining Q2 Trading Update. We're joined by Mark Learmonth and the management team. Mark, over to you. Thank you, Scott. Could we get into the presentation, please? Okay well morning good afternoon to you should we just quickly go to the disclaimer page okay and then on to the presenting team so I'm Mark Learmonth Caledonia's Chief Executive and we're joined today by Ross Gerrard the CFO Victor Gapari another Executive Director who's running the Bilbo's project by Craig Harvey, VP Technical Services. He runs Exploration and MRM. And also in attendance, we've got Maurice Mason, who's Vice President Corporate Development and Investor Relations. Shall we move on? Okay, just in terms of an overview, production was up 18% in the second quarter compared to the first quarter, which reflects improved access to higher grade mining areas and benefits from various operating improvements. Revenue up 16% to $76 million EBITDA up 16% to nearly $46 million supported by stronger production and a robust gold price environment Profit out of tax up 27% compared to the comparable period in 2025 up to $30 million EPS was up 29% to $1.36 operating cash flow was strong 28.4 million dollars and cash and cash equivalents at the end of the quarter was 167.8 million The growth pipeline is going well. We're making good progress at Bilbo's, as Victor will explain. We've got some very exciting exploration results coming out of Matapa, where we expect to produce a maiden resource in the next four weeks or so. And also some quite exciting exploration results coming out of the capits at Blanket. And just for the record, we've declared our usual quarterly dividend of 14 cents a share for the quarter should we move on to the next next slide okay i'm going to counter through thes...