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Mark Learmonth

Mark Learmonth is chief executive officer of Caledonia Mining Corporation, an Aim-listed gold miner focused on Zimbabwe, where it operates the Blanket gold mine and is developing the Bilboes and Motapa gold projects. In this role he oversees the company's operational performance, exploration programmes and growth strategy, including Caledonia's transition towards becoming a multi-mine gold producer. Learmonth regularly communicates Caledonia's quarterly and annual production, cost and financial results, as well as updates on mineral resource estimates, exploration drilling and environmental, social and governance performance. He has guided the company through production guidance revisions at Blanket, citing factors such as compressed-air capacity, access to higher-grade ore and shift-system changes, and has overseen record financial performances driven by higher gold prices. Under his leadership, Caledonia has advanced the Bilboes feasibility study, targeting first gold in late 2028, and pursued exploration synergies between Bilboes and the adjacent Motapa property. He has also commented on board governance matters, including the transition of board chairpersonship from John Kelly to July Ndlovu in 2026. Learmonth consistently frames Blanket as a resilient, cash-generative asset underpinning the group's broader growth ambitions in Zimbabwe's gold sector.

Mark Learmonth News


Caledonia Mining CEO Mark Learmonth
Caledonia Mining cuts 2026 gold production guidance, raises cost outlook
9th October 2026 By: Lumkile Nkomfe

Gold miner Caledonia Mining Corporation has lowered its gold production guidance for the Blanket mine, in Zimbabwe, to between 69 000 oz and 72 500 oz for the year to December 31, from its previous... 


An image of the Blanket gold mine
Caledonia announces MRE for Motapa, increases Blanket’s estimates
28th August 2026 By: Tasneem Bulbulia

Gold miner Caledonia Mining has announced a maiden mineral resource estimate (MRE) for its 100%-owned Motapa property, in Zimbabwe. This shows a maiden measured and indicated MRE of 7.8-million... 


The Blanket mine in Zimbabwe
Surface drilling identifies new gold orebody at Caledonia's Blanket mine
23rd July 2026 By: Lumkile Nkomfe

Gold mining and exploration company Caledonia Mining reports that there is significant gold mineralisation potential that has not been mined by the existing underground operation at its Blanket... 


An image of Blanket mine
Caledonia buoyed by improvement in access to higher-grade ore
20th July 2026 By: Tasneem Bulbulia

Gold miner Caledonia Mining produced 17 360 oz of gold from its Blanket mine, in Zimbabwe, in the quarter ended June 30, an 18% increase from the 14 767 oz produced in the previous quarter,... 


Blanket mine
Caledonia reports improved ESG metrics at Blanket mine
15th June 2026 By: Sabrina Jardim

Aim-listed Caledonia Mining has released its 2025 environmental, social and governance (ESG) report, highlighting progress made at the company’s flagship Blanket mine, in Zimbabwe. Caledonia... 


Caledonia CEO Mark Learmonth
High-grade drill results demonstrate potential to extend Bilboes mine life
10th June 2026 By: Sabrina Jardim

Aim-listed Caledonia Mining says results from its 2025 exploration programme at the Motapa exploration property, in Zimbabwe, demonstrate the presence of significant gold mineralisation across... 


Caledonia benefits from high gold price, despite lower first-quarter output
Caledonia benefits from high gold price, despite lower first-quarter output
11th May 2026 By: Sabrina Jardim

Aim-listed Caledonia Mining has reported that the group’s financial performance in the first quarter ended March 31 benefitted from a higher gold price, which offset the impact of lower production.... 


July Ndlovu
July Ndlovu up for election as Caledonia chair
30th April 2026 By: Sabrina Jardim

Aim-listed Caledonia Mining Corporation has announced that John Kelly intends to step down as chairperson of the board with effect from the end of the company’s AGM to be held on May 5. Caledonia... 


Blanket mine
Caledonia’s Blanket mine to meet full-year guidance, despite first-quarter challenges
20th April 2026 By: Sabrina Jardim

Aim-listed Caledonia Mining Corporation has reported gold production of 14 767 oz from its Blanket mine, in Zimbabwe, for the quarter ended March 31, compared with the 18 671 oz produced in the... 


An image of the Blanket mine
Gold price underpins Caledonia’s strong full-year performance
23rd March 2026 By: Tasneem Bulbulia

Gold miner Caledonia Mining achieved a year of strong revenue, profit and cash generation, alongside continued progress on its growth strategy across the Blanket mine and its Bilboes and Motapa... 


An image of Mark Learmonth
Despite constraints, sector improving 
27th February 2026 By: Lumkile Nkomfe

As Southern Africa sees a renewed interest in gold investment, further progress is required to unlock sustained growth across Zimbabwe’s gold sector, where mining remains a cornerstone of the... 


An image of the Blanket mine
Caledonia appoints arrangers for interim funding facility
23rd February 2026 By: Tasneem Bulbulia

London-listed Caledonia Mining has appointed Standard Bank Group member Stanbic Bank Zimbabwe and CBZ Bank as co‑lead arrangers for an interim funding facility. The facility forms part of the... 


Blanket mine shaft
Caledonia successfully raises $150m through upsized note offering
21st January 2026 By: Marleny Arnoldi

After successfully closing a $150-million seven-year convertible senior note offering, gold miner Caledonia Mining Corporation says it will start ordering long lead-time equipment for the Bilboes... 


Blanket mine
Caledonia reports solid production at Blanket, outlines investment plans for Bilboes
14th January 2026 By: Sabrina Jardim

London-listed Caledonia Mining achieved gold production of 76 213 oz at its Blanket gold mine, in Zimbabwe, for the year ended December 31, which the company says met increased guidance and was... 


An image of the Blanket mine
Caledonia welcomes revised tax provisions
19th December 2025 By: Tasneem Bulbulia

London-listed Caledonia Mining says that revised proposals to changes in royalties in Zimbabwe should result in no change to the financial outlook for its portfolio of assets in the country,... 


An image of the gold mine
Caledonia to proceed with Bilboes development as feasibility study shows project’s promise
25th November 2025 By: Sabrina Jardim

Aim-listed Caledonia Mining has announced that it will proceed with the development of the Bilboes gold project, in Zimbabwe, following completion and publication of a feasibility study. The... 


An image of a Caledonia shaft
Caledonia posts higher third-quarter revenue, free cash flow
10th November 2025 By: Tasneem Bulbulia

The strong gold price, which increased by 40% to average $3 434/oz, combined with higher production, resulted in a 52% increase in revenue and a significant uplift in free cash flow for... 


The Blanket mine in Zimbabwe
Caledonia reports another 'solid' quarterly production performance at Blanket
21st October 2025 By: Creamer Media Reporter

Zimbabwe-focused gold miner Caledonia Mining Corporation's Blanket mine produced 19 106 oz in the third quarter ended September 30, compared with the 18 992 oz of gold produced in the third quarter... 


A drilling rig
Zimbabwe labs overwhelmed as gold rally spurs exploration, miner says
14th August 2025 By: Reuters

Zimbabwean laboratories are struggling to cope with a surge in mineral samples submitted by mines ramping up exploration activity in response to record gold prices, a mine executive said on... 


An image of the Blanket gold mine
Caledonia reports strong second quarter
11th August 2025 By: Tasneem Bulbulia

NYSE- and Aim-listed gold miner Caledonia Mining delivered a strong quarter ended June 30, with record second-quarter gold production at its Blanket mine, in Zimbabwe, and a considerable increase... 


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