Core Viewpoint - Caledonia Mining Corporation Plc reports that Blanket Mine's gold production for FY 2025 met increased guidance, and the company continues to invest in growth with a focus on operational reliability and future projects [1][6][11]. Production Summary - FY 2025 Blanket gold production reached 76,213 ounces, aligning with the increased guidance of 75,500 - 79,500 ounces, and was consistent with production levels from the previous two years [6]. - Q4 2025 production was 17,367 ounces, a decrease from 19,841 ounces in Q4 2024, attributed to lower tonnages from higher-grade areas and electricity supply interruptions [6]. FY 2026 Guidance - Production guidance for FY 2026 is set at 72,000 - 76,500 ounces, with expectations for stronger quarterly production in the second half of the year as higher-grade areas come online [3][11]. Cost Guidance - On-mine cash costs are projected to be between US$1,500 and US$1,700 per ounce sold, while all-in sustaining costs (AISC) are expected to range from US$2,100 to US$2,300 per ounce sold [7]. - Cost guidance for FY 2026 is higher than FY 2025 due to inflationary pressures, increased operating costs, and higher sustaining capital expenditure [10]. Capital Expenditure - Total Group capital expenditure for FY 2026 is projected at US$162.5 million, with US$26.6 million allocated for sustaining capital [8]. - Significant investments are planned for the Bilboes development project, estimated at US$132 million, subject to board approval [12]. Operational Focus - The capital expenditure plan emphasizes operational reliability, safety, and long-term value, with allocations for both sustaining and growth projects [8][10]. - Additional capital expenditure may be required to address recurring power interruptions, estimated to increase sustaining capital by approximately US$11 million [9].