Caledonia Mining Corporation Plc generates the vast majority of its revenue from the mining and sale of gold bullion. The company's core operation is the Blanket Mine in southwestern Zimbabwe, which has been the focus of significant capital investment to increase production capacity. In addition to the Blanket Mine, Caledonia owns 100% interests in several other Zimbabwean gold projects, including the Bilboes, Motapa, and Maligreen exploration and development properties. The company's strategy centers on efficient gold production at Blanket while advancing its pipeline of growth projects to expand its resource base. To support its operations, Caledonia previously constructed a 12.2-megawatt solar plant to supply power to the Blanket Mine, which it sold in 2025 under a long-term power purchase agreement.
