Caledonia Mining Corporation Plc (NYSE:CMCL) Q2 2025 Earnings Conference Call August 13, 2025 9:00 AM ET
Company Participants
Craig Harvey – Vice President of Technical Services
James Mufara – Chief Operating Officer
John Mark Learmonth – CEO & Non-Independent Director
Ross Ian Jerrard – Chief Financial Officer
Victor Robinson Gapare – Non-Independent Executive Director
Conference Call Participants
Howard Flinker – Flinker & Co
Ian Joslin – Fund Know-How Ltd Pension Scheme
Nic Dinham – SBG Securities (Proprietary) Limited, Research Division
Unidentified Company Representative
Good afternoon, and welcome to the Q2 2025 results presentation for Caledonia Mining. Today, we are joined by Mark Learmonth, who is the CEO, and he is going to introduce the webinar and start the presentation. Mark, over to you.
John Mark Learmonth
Thank you, [ Scott ]. So yes, welcome to the Q2 2025 results presentation for Caledonia. Can I just move on to the forward-looking statements, the disclaimer, which I trust you will read and digest. Sorry, it’s taking a bit of time.
Okay. Let’s move forward to the presenting team. As Scott said, I’m Mark Learmonth, Caledonia’s CEO. I’m here in Jersey today. I’m joined by Ross Jerrard, our recently joined CFO. He’s in Johannesburg and will run us through the financial results. We’ve got James Mufara, our Chief Operating Officer, who’s joining us today from Blanket Mine. Victor Gapare in France will briefly update us on the Bilboes project. And Craig, Vice President, Technical Services, based in Johannesburg, will talk briefly about the ongoing exploration at Bilboes and Motapa. And Maurice, Vice President, Corporate Development and Investor Relations, will deal with any other tricky questions that may arise. So should we just move forward?
Okay. Well, look, it was a very strong financial quarter, underpinned by excellent production. So the financials are strong, revenue up 30% to $65 million and net
