ST HELIER, Jersey, May 19, 2025 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) ("Caledonia" or "the Company") announces that it received notification on May 16, 2025 from Mr Victor Gapare, an executive director of Caledonia and the settlor of a discretionary trust which ultimately owns the shares in Toziyana Resources Limited, the largest shareholder in the Company, (“Toziyana”) that Toziyana has purchased, in aggregate, 12,449 common shares in the Company ...

Core Viewpoint - Caledonia Mining Corporation Plc has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission [1] Group 1 - The Annual Report is accessible on the SEC's website and the Company's official website [1]

Financial Performance and Capital Expenditure - Caledonia Mining Corporation raised gross proceeds of $10.8 million by issuing 781,749 depository interests and $5.9 million by issuing 425,765 depository receipts in the first two quarters of 2023[145]. - The anticipated cost of the new Tailings Storage Facility (TSF) is $25.1 million, to be incurred over three years (2024: $11.4 million, 2025: $5.4 million, 2026: $8.3 million)[158]. - Total capital expenditure at Blanket for 2024 amounted to $27.9 million, compared to a planned expenditure of $30.8 million, with $2.9 million moved to 2025[160]. - The 2025 capital expenditure program totals $41.0 million, with $34.1 million allocated to Blanket and $6.3 million at Bilboes and Motapa[161]. - Caledonia issued solar bonds valued at $12.0 million with a 9.5% interest rate, of which $11.5 million have been issued to Zimbabwean commercial entities[168]. Production and Mining Operations - Total gold production at Blanket Mine for 2024 was 76,656 oz, an increase from 75,416 oz in 2023, but a decrease from 80,775 oz in 2022[176]. - The underground drilling program in 2024 totaled 14,593 meters, a 9.9% increase from 13,280 meters in 2023, indicating improved exploration capabilities[177]. - The metallurgical plant at Blanket Mine achieved a recovery rate of 93.6% in 2024, slightly down from 93.8% in 2023, with a record milling of 797,479 tonnes of ore[203][204]. - The company aims to increase gold production to 80,000 oz from 2024 onward through its investment plan at Blanket Mine[175]. - The mine employs two mining methods: long-hole stoping for wider deposits and underhand stoping for narrower deposits[251]. Safety and Environmental Management - Safety statistics showed a decrease in the Total Injury Frequency Rate to 0.88 in 2024 from 0.96 in 2023, reflecting improved safety management practices[208]. - The mine has completed an Environmental Impact Assessment (EIA) for its solar plant and holds EIA certificates for both old and new tailings storage facilities[286]. Community Engagement and Social Responsibility - The company reported total payments to the Zimbabwe government and community initiatives amounting to $23.745 million in 2024, an increase from $21.228 million in 2023[214]. - The community and social responsibility (CSR) investment for 2024 was $1.291 million, compared to $1.491 million in 2023[214]. - The completion of renovations for the Sitezi Secondary School's science laboratory and the maternity clinic is expected to enhance local educational and health facilities[215]. - The company drilled four boreholes in 2023, which were connected to the national electricity grid in early 2024 to ensure stable water supply for community irrigation[215]. Mineral Resources and Reserves - The Blanket Mine's mineral resources are estimated using a cut-off grade of 1.5 g/t based on a long-term gold price of $2,150/oz[236]. - Total Measured and Indicated Mineral Resources at Blanket Mine amount to 46.77 million tonnes with an average grade of 2.30 g/t, containing 3,457 koz of gold[239]. - The total Proven and Probable Mineral Reserves at Blanket Mine are 4.37 million tonnes with an average grade of 3.3 g/t, containing 457 koz of gold[242]. - The total mineral reserves as of December 31, 2024, are 4,368 Kt at an average grade of 3.29 g/t, containing approximately 456 Koz of gold, which is an 11% decrease in tonnes and a 12% decrease in ounces from December 31, 2023[316][318]. Acquisitions and Strategic Developments - The company completed the acquisition of Bilboes Gold Limited on January 6, 2023, enhancing its asset portfolio[145]. - The company has acquired the Bilboes Project for $65.7 million, with net assets valued at $74.9 million as of December 31, 2024[326]. - The Bilboes oxide mine was placed on care and maintenance as of September 30, 2023, while leaching activities will continue as long as they remain cash positive[335]. Infrastructure and Technological Advancements - The installation of a new conveyor and crushing system at Blanket Mine was completed in November 2022, enhancing operational efficiency[205]. - A solar power plant supplying 12 MW AC was installed and commissioned by February 2023 to supplement the existing power supply[275]. - The mine's water extraction rate is authorized at USD $0.17/m3 under a contract with the Zimbabwe National Water Authority[282].

Caledonia Mining Corporation (CMCL) Q1 2025 Earnings Call May 12, 2025 09:00 AM ET Speaker0 Ladies and gentlemen, welcome to the Caledonia Mining Q1 Results Presentation. I'd like to hand over to Mark Learmonth, CEO. Mark, please go ahead. Speaker1 Thank you. If we could go to the disclaimer page, please, on forward looking statement. Okay. So the standard disclaimer forward looking statement, which I'll see everybody will will will take no time. Can we just go to the presentation team next, please? Okay. I ...

Q1 2025 Results Presentation Disclaimer and Forward-Looking Statements This presentation has been prepared solely for information and does purport to contain all of the information that may be necessary or desirable to fully and accurately evaluate Caledonia Mining Corporation Plc ("Caledonia" or "the Company") or its business prospects. for the purposes of this notice, "presentation" includes this document, any oral presentation, any questions and answer session and any written or oral material discussed o ...

Details of Management Conference Call Strong Q1 Performance Driven by Increased Production and Higher Gold Prices ST HELIER, Jersey, May 12, 2025 (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, 2025 (“Q1 2025” or the “Quarter”). Further information on the financial and operating results for the Quarter can be found in the Management Discussion and Ana ...

Core Viewpoint - Caledonia Mining Corporation Plc is set to release its operating and financial results for Q1 2025 on May 12, 2025, with a remote presentation for analysts and investors scheduled for the same day at 2:00pm London time [1]. Group 1 - The results presentation will be accessible on Caledonia's official website [2]. - A registration link for the Q1 2025 Results Call for Investors is provided, indicating a structured approach to investor engagement [3].

Core Viewpoint - Caledonia Mining Corporation has achieved a record gold production of over 18,500 ounces in Q1 2025, setting a strong foundation for the year ahead, particularly in light of traditionally weaker first-quarter performance [3][7]. Production Highlights - Q1 2025 gold production reached 18,671 ounces, surpassing the previous year's Q1 production of 17,050 ounces and exceeding the prior record of 18,515 ounces set in Q1 2022 [7]. - The tonnes milled during the quarter were 201,755 tonnes, which is 23,793 tonnes (13.4%) above expectations [7]. - The surface stockpile increased significantly to approximately 15,000 tonnes, indicating that run-of-mine production is exceeding milling capacity [7]. Financial Outlook - The company is well-positioned to generate healthy cash flows due to a strong gold price and plans to continue investing in growth projects [4]. - Caledonia remains on track to achieve its annual gold production guidance of 74,000-78,000 ounces for the year [7].

Core Viewpoint - Caledonia Mining Corporation has reported a record gold production of over 18,500 ounces for Q1 2025, marking a strong start to the year despite traditionally being the weakest quarter [3][7]. Production Performance - The quarterly gold production reached 18,671 ounces, surpassing the 17,050 ounces produced in Q1 2024 [7]. - This production figure sets a new first-quarter record, exceeding the previous high of 18,515 ounces achieved in Q1 2022 [7]. - Tonnes milled during the quarter were 201,755 tonnes, which is 23,793 tonnes (13.4%) above expectations [7]. - The surface stockpile increased significantly to approximately 15,000 tonnes, indicating that run-of-mine production is exceeding milling capacity [7]. Future Outlook - The company remains on track to achieve its gold production guidance of 74,000-78,000 ounces for the year [7]. - The strong performance in Q1 2025 is attributed to operational improvements and a strong gold price, positioning the company to generate healthy cash flows and continue investing in growth projects [4].

Core Viewpoint - Caledonia Mining Corporation has successfully completed the sale of its solar plant in Zimbabwe for $22.35 million, allowing the company to strengthen its cash position and focus on its core gold mining operations [1][5][6]. Financial Summary - The sale of the solar plant was finalized on April 11, 2025, with a pre-tax cash consideration of $22.35 million [1]. - Prior to the sale, Caledonia's consolidated net debt was $3.8 million, down from $8.7 million at the end of 2024. After the sale, the pro forma consolidated net cash balance is projected to be $18.6 million [4]. Operational Impact - The solar plant, which has been operational since February 2023, has generated over 57,722 MWh of power and will continue to supply energy to Blanket Mine under an exclusive power purchase agreement [3][6]. - The sale aligns with Caledonia's strategy to focus on gold mining while ensuring that Blanket Mine retains access to renewable energy, meeting approximately 20% of its daily electricity needs [2][6]. Strategic Context - The decision to sell the solar plant was made following a competitive bidding process, allowing Caledonia to reallocate capital towards growth initiatives in its core business [2]. - The construction of the solar plant was initially financed through a share offering that raised $13 million in 2020 [3].