Caledonia Mining

Caledonia Mining Corp. Plc engages in the mining, exploration, and development of mines. It operates through the following geographic segments: Zimbabwe; South Africa; and Corporate and Other. The Zimbabwe segment includes Caledonia Holdings Zimbabwe Limited and subsidiaries, and Caledonia Mining Services (Private) Limited. The South Africa segment comprise of sales made by Caledonia Mining South Africa Proprietary Limited to the Blanket Mine. The company was founded on February 5, 1992 and is headquartered in St. Helier, Jersey.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Caledonia Mining excels in Q2 2024 with increased production and profitability

Caledonia Mining's Q2 2024 earnings call highlighted a strong financial performance, with increased production, revenue, and profitability. The company showcased operational efficiency through cost reductions and strategic focus on growth initiatives. While facing challenges like foreign exchange losses and production risks, Caledonia Mining is well-positioned to capitalize on opportunities for extended mine life and continued growth.

Caledonia Mining reports stable Q3 performance amidst strategic growth plans

Caledonia Mining's Q3 2024 performance was steady, with a focus on operational efficiency and strategic growth. Despite challenges in costs and currency, the company is actively pursuing opportunities for expansion and cost management.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Caledonia Mining Corp. Plc engages in the exploration, development, and production of gold and other precious metals from its mineral properties. Its projects include Blanket Gold Mine and Maligreen. The company was founded on February 5, 1992 and is headquartered in St. Helier, Jersey.

"The worst should be behind us; onwards and upwards from here." They were the words of the mining team at Liberum, the boutique investment bank, analysing the first-quarter results of Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL).

Caledonia Mining: Onwards and upwards from here, says broker

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) has inked an ‘at the market' deal with Cantor Fitzgerald that could see up to US$30mln shares sold on the company's behalf. The shares would be sold in the United States, under the company's NYSE America listing, and would be sold at market prices, Caledonia said in a statement.

Caledonia Mining inks ‘ATM' deal with Cantor for US share sales

ST HELIER, Jersey, May 18, 2023 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (NYSE AMERICAN, AIM and VFEX: CMCL) (“Caledonia” or the “Company”) today announces that it has entered into an "At the Market" or "ATM" sales agreement with Cantor Fitzgerald & Co (“Cantor”) (the “ATM Sales Agreement”), pursuant to which the Company may, at its discretion from time to time, sell up to US$30,000,000 worth of shares (the “ATM Offering”). Any sales of shares would occur by means of ordinary brokers' transactions or block trades, with sales only being made on the NYSE American at market prices. Caledonia expects to use the amount of any net proceeds from the sales for investment in the development of the Bilboes sulphide project.

Caledonia Mining Corporation Plc Block Listing Application and "At The Market" Sales Agreement

(Kitco News) - The company said that commencement of oxide production at Bilboes has been slower than anticipated.

Caledonia Mining reports first quarter net loss due to lower gold production and higher costs

Caledonia Mining Corporation PLC said it is confident it will hit its production guidance this year after encountering issues at its main operation, the historic Blanket Mine in Zimbabwe. "The first quarter of 2023 presented several operational challenges at Blanket which resulted in lower production and higher costs,” said CEO Mark Learmonth.

Caledonia Mining confident it will hit production guidance

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) has released results for the first quarter ended March 31, 2023, the first reflecting the company's ownership of Bilboes, a large, high-grade gold deposit located in Zimbabwe, which was acquired on January 6, 2023. In the results statement, Mark Learmonth, Caledonia Mining chief executive officer, commented: "We were pleased to complete the acquisition of Bilboes at the start of the Quarter.

Caledonia Mining posts first results reflecting Bilboes ownership

ST HELIER, Jersey, May 15, 2023 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or the "Company") (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announces its operating and financial results for the quarter ended March 31, 2023 (the "Quarter").  Further information on the financial and operating results for the Quarter can be found in the Management Discussion and Analysis ("MD&A") and the unaudited interim financial statements which are available on the Company's website and which have been filed on SEDAR.

Caledonia Mining Corporation Plc: Results for the Quarter ended March 31, 2023; Notice of Management Conference Call

ST HELIER, Jersey, May 09, 2023 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (NYSE American, AIM and VFEX: CMCL) (the "Company") announces the results of its annual general meeting of shareholders (the “AGM”) held at St Helier, Jersey today.

Caledonia Mining Corporation Plc: Results of Annual General Meeting and Appointment of a New Chairman of the Board

ST HELIER, Jersey, May 05, 2023 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (NYSE AMERICAN, AIM and VFEX: CMCL) ("Caledonia" or the "Company") announces that yesterday Leigh Wilson retired from his role as Director and Non-Executive Chairman of the Company. His successor as Chairman will be announced after the upcoming annual general meeting to be held on May 9, 2023, with John Kelly, Non-Executive Director, acting as interim Chairman in the intervening period.

Caledonia Mining Corporation Plc: Leigh Wilson Retires as Director and Non-Executive Chairman

Caledonia Mining has started the direct sale of gold produced from the Blanket Mine to a refiner outside Zimbabwe.  Unrefined gold continues to be processed at Fidelity Gold Refinery (FGR), a subsidiary of the Reserve Bank of Zimbabwe, on a toll-treatment basis under the country's requirements for in-country refining and to allow full visibility over the gold it produces and exports.

Caledonia Mining starts direct sales of gold from Zimbabwe

ST HELIER, Jersey, April 28, 2023 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) (“Caledonia” or the “Company”) announces that further to its announcement this morning that it is today filing with the U.S. Securities and Exchange Commission on EDGAR the Company's Annual Report on Form 20-F for the fiscal year ended December 31, 2022 (the “Annual Report”), minor calculation errors in grade numbers in the last row (Grand total) in the first table in the announcement, being the comparison of the subpart 1300 of Regulation S-K measured, indicated and inferred mineral resource estimates as at December 31, 2022 with those of December 31, 2021 at the Blanket Gold Mine, have been identified.

Caledonia Mining Corporation Plc - Correction to announcement regarding publication of Annual Report on Form 20-F exhibiting Technical Report Summaries

Caledonia Mining's Blanket mine should return to production of around 20,000oz of gold in the next quarter, according to house broker Liberum, which has nonetheless reduced its price target to 1,102p from 1,225p. That reflects the removal of oxide production guidance for the newly acquired Bilboes project in Zimbabwe, though total guidance for the year was unchanged at 75-80,000oz.

Caledonia Mining to be back on track this quarter suggests broker

(Kitco News) - On Monday, Zimbabwe-focused gold producer Caledonia Mining (NYSE: CMCL) announced Q1 2023 gold production of 16,036 ounces from its Blanket mine, 13% lower than the 18,515 ounces produced in Q1 2022.

Caledonia Mining's gold production in Zimbabwe fell in Q1 due to a series of operational issues

Caledonia Mining said mechanical breakdowns and some logistical issues had affected production in 2023's first quarter, though April so far had been better than expected. Output from the Blanket Mine in Zimbabwe was 16,036 ounces in the three months to end March, compared to 18,515oz a year earlier.

Caledonia Mining says April better after first quarter issues

ST HELIER, Jersey, April 24, 2023 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (NYSE AMERICAN, AIM and VFEX: CMCL) ("Caledonia" or the "Company") announces gold production from the Blanket Mine in Zimbabwe ("Blanket") and the Bilboes oxides project in Zimbabwe for the quarter ended 31 March 2023 ("Q1 2023" or the "Quarter"). All production numbers are expressed on a 100 per cent basis and are based on the final assay at the refiners.

Caledonia Mining Corporation Plc Q1 Production Update

ST HELIER, Jersey, April 14, 2023 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or the "Company") (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announces the issue of a further 1,814 shares in relation to the Zimbabwe Placing.

Caledonia Mining Corporation Plc: Zimbabwe Placing - Issue of Further Shares

Expect more mergers and acquisitions among the listed gold miners, says broker Liberum, with attention now likely turn towards mid-sized producers such as Caledonia and Shanta Gold. A rash of takeovers has broken out among the giants such as  Newmont/Newcrest, Yamana/ Agnico but the spotlight is now likely to move down the chain reckons the broker.

Gold miner takeover wave to engulf mid-sized producers - broker

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) has completed its previously announced fundraising in Zimbabwe. The company raised US$5.825mln before expenses.

Caledonia Mining completes Zimbabwe portion of US$16.6mln fundraise

ST HELIER, Jersey, April 11, 2023 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (the "Company" or "Caledonia") (NYSE American: CMCL; AIM: CMCL; VFEX: CMCL) announces that it has granted new long term incentive plan awards under the Company's 2015 Omnibus Equity Incentive Compensation Plan (the "Plan"). Awards that have been made to "Persons Discharging Managerial Responsibility" ("PDMRs") within the meaning of the Market Abuse Regulation (EU) No. 596/2014 are as follows:

Caledonia Mining Corporation Plc: Issue of Long-Term Incentive Awards

ST HELIER, Jersey, April 11, 2023 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or the "Company") (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) today announces both the results of the Zimbabwe Placing, and also the issue of the deferred shares in relation to the Company's acquisition of Bilboes Gold Limited.

Caledonia Mining Corporation Plc: Result of Zimbabwe Placing and Issue of Deferred Shares

Production has increased by well over 20,000 ounces of gold over the past two years. Share price gains are mainly off the rise in production. Expect more significant gains as the price of the metal is now gaining traction.

Caledonia Mining: Investors Finally Seem To See The Potential Here

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) has told investors it is increasing its share placing in Zimbabwe and extending the deadline, due to higher than expected demand. The deadline, which had been midday today, will now be extended by up to a week as existing and new Zimbabwean institutional shareholders wish to participate but require extra time to attend to their own administrative requirements, the company said in a statement.

Caledonia Mining expands and extends Zimbabwe share placing

ST HELIER, Jersey, March 30, 2023 (GLOBE NEWSWIRE) -- Further to the announcement by Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) (“Caledonia” or the “Company”) on January 6, 2023 relating to the Company's acquisition of Bilboes Gold Limited (the “Transaction”), the Company announces that it has received notice to issue the Escrow Shares (as defined below).

Caledonia Mining Corporation Plc: Issue of escrow shares in respect of the acquisition of the Bilboes gold project in Zimbabwe

Caledonia Mining Corporation Plc (NYSE:CMCL ) Q4 2022 Earnings Conference Call March 28, 2023 9:00 AM ET Company Participants Camilla Horsfall - Vice President of Investor Relations Mark Learmonth - Chief Executive Officer Victor Gapare - Executive Director Dana Roets - Chief Operating Officer Chester Goodburn - Chief Financial Officer Maurice Mason - Vice President of Corporate Development Conference Call Participants Mark Learmonth [Call Starts Abruptly] By way of introduction, I'm Mark Learmonth, Caledonia's Chief Executive, prior to that as the CFO as you may well know. I'd also like to take some time to introduce Victor Gapare, who's an Executive Director, joined the group in January following the acquisition of Bilboes.

Caledonia Mining Corporation Plc (CMCL) Q4 2022 Earnings Call Transcript

ST HELIER, Jersey, March 27, 2023 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (the "Company") (NYSE American: CMCL; AIM: CMCL; VFEX: CMCL) announces that documents comprising a notice of annual general meeting of shareholders (the “AGM”) and a management information circular – solicitation of proxies together with a proxy form are now available at:

News for Caledonia Mining Stock (CMCL)