Caledonia Mining Plc(CMCL)

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Caledonia Mining Corporation Plc: Short delay to the publication of financial results for the year ended December 31, 2024
GlobeNewswire· 2025-03-21 07:00
Core Viewpoint - Caledonia Mining Corporation is addressing an accounting query related to deferred tax from 2019, which has delayed the publication of its audited financial statements for the year ended December 31, 2024, but is not expected to impact the company's cash position [1][2]. Financial Statements - The audited financial statements for the year ended December 31, 2024, will be published no later than March 31, 2025, following the resolution of the accounting issue [2]. - The accounting issue is non-cash in nature, and the underlying performance for the year is expected to align with previous guidance and market expectations [2]. Management Changes - Chester Goodburn will continue as CFO for an additional week and will step down on March 31, 2025, after the financial results are published [3]. Conference Call Details - A conference call for analysts and investors will be held on March 31, 2025, at 2:00 PM London time to discuss the full year and Q4 2024 results [4][5].
Caledonia Mining: Optimism In Zimbabwe While Gold Is Bullish - Possible Dip Ahead
Seeking Alpha· 2025-03-05 05:00
Core Insights - The article emphasizes a versatile investment strategy suitable for various investor profiles, including dividend investors, value seekers, and those looking for growth opportunities [1]. Group 1 - The author possesses a Master's degree in Business Economics, providing a strong managerial and economic foundation [1]. - The coverage includes all sectors and different types of stocks, indicating a comprehensive approach to investment analysis [1].
Caledonia Mining Corporation Plc: Appointment of New Chief Financial Officer
Newsfilter· 2025-02-19 07:00
Core Viewpoint - Caledonia Mining Corporation Plc announces the resignation of CFO Chester Goodburn, effective March 24, 2025, with Ross Jerrard appointed as his successor, pending standard checks [1][2]. Group 1: Management Changes - Chester Goodburn has served as CFO since July 1, 2022, and will transition to a consultancy role briefly to ensure a smooth handover [2]. - Ross Jerrard, aged 50, has extensive financial leadership experience, previously serving as CFO of Centamin plc until its acquisition by AngloGold Ashanti Plc for $2.5 billion in November 2024 [3]. Group 2: Company Strategy and Leadership Comments - Mark Learmonth, CEO, acknowledged Goodburn's significant contributions to Caledonia's growth since joining in 2014, particularly during his tenure as CFO [4]. - Learmonth expressed confidence in Jerrard's experience, highlighting its importance for advancing Caledonia's strategy to become a mid-tier, Zimbabwe-focused gold producer [5].
Caledonia Mining Corporation Plc: Appointment of New Chief Financial Officer
GlobeNewswire News Room· 2025-02-19 07:00
Core Viewpoint - Caledonia Mining Corporation announces the resignation of CFO Chester Goodburn, effective March 24, 2025, with Ross Jerrard appointed as his successor, pending standard checks [1][2]. Group 1: Management Changes - Chester Goodburn has served as CFO since July 1, 2022, and will transition to a consultancy role for a brief period to ensure an orderly handover [2]. - Ross Jerrard, aged 50, has extensive financial leadership experience, previously serving as CFO of Centamin plc until its acquisition by AngloGold Ashanti Plc for $2.5 billion in November 2024 [3]. Group 2: Company Statements - CEO Mark Learmonth acknowledged Goodburn's substantial contributions to Caledonia's growth since joining in 2014, particularly during his tenure as CFO [4]. - Learmonth expressed confidence in Jerrard's experience, highlighting its value as the company aims to advance its strategy to become a mid-tier, Zimbabwe-focused gold producer [5].
Caledonia Mining Corporation Plc: Appointments of Stefan Buys and Lesley Goldwasser as Non-Executive Directors
GlobeNewswire· 2025-02-14 07:00
Core Viewpoint - Caledonia Mining Corporation Plc has appointed Stefan Buys and Lesley Goldwasser as independent non-executive directors to its board, enhancing the board's expertise in mining operations and capital markets [1][9]. Group 1: Board Appointments - Stefan Buys and Lesley Goldwasser have been appointed as independent non-executive directors effective immediately [1]. - Johan Holtzhausen, a board member since 2013, will retire from the board and as chair of the Audit Committee at the next annual general meeting in May 2025 [2]. - Tariro Gadzikwa will succeed Johan Holtzhausen as chair of the Audit Committee following the AGM [2]. Group 2: Stefan Buys' Background - Stefan Buys has over 30 years of leadership experience in global mining and heavy industry, with a strong track record in various minerals including copper, gold, and platinum [3]. - He previously served as CEO of the Mining Division at ArcelorMittal and held executive roles at Rio Tinto and BHP [4]. - Buys holds a degree in metallurgical engineering and is a member of the Institute of Directors UK [5]. Group 3: Lesley Goldwasser's Background - Lesley Goldwasser is a financial executive with extensive experience in global capital markets and structured finance, currently serving as Managing Partner at GreensLedge [6]. - She has held leadership roles at Credit Suisse and Bear Stearns, and has significant board experience with various companies [7]. - Goldwasser is also committed to community development in Zimbabwe, co-founding an after-school program for vulnerable children [8]. Group 4: Chairman's Comments - John Kelly, Chairman of Caledonia, expressed enthusiasm for the new appointments, highlighting Buys' expertise in mining operations and Goldwasser's experience in capital markets as valuable assets for the company's growth strategy [9].
Caledonia Mining Corporation Plc: Blanket Mine Q4 and FY 2024 Production and 2025 Guidance
GlobeNewswire· 2025-01-14 07:00
Core Viewpoint - Caledonia Mining Corporation Plc achieved its gold production guidance for 2024, producing 76,656 ounces, and is planning significant investments in 2025 to enhance operational efficiency and support growth potential [6][7][9]. Production and Sales - Blanket Mine's gold production for 2024 was 76,656 ounces, slightly exceeding the previous year's production of 75,416 ounces, with Q4 production at 19,841 ounces [6][7]. - Annual gold sales for 2024 totaled 76,271 ounces, with Q4 sales amounting to 17,734 ounces [7]. Capital Expenditure and Investment Plans - The 2025 capital expenditure program is set at $41.8 million, with $34.9 million allocated to Blanket Mine and $5.8 million for Bilboes and Motapa [3][11]. - Key projects include $6.6 million for planned development, $3.4 million for energy-saving initiatives, and $4.8 million for completing the tailings storage facility [8][11]. Cost Guidance - On-mine costs for 2025 are forecasted to be between $1,050/oz and $1,150/oz, while all-in sustaining costs (AISC) are expected to range from $1,690/oz to $1,790/oz, reflecting increased labor and IT expenses [5]. - The 2025 cost guidance includes $20/oz for environmental, social, and governance (ESG) costs, up from approximately $17/oz in 2024 [5]. Future Outlook - Production guidance for 2025 is set at 73,500 to 77,500 ounces, with expectations of mining lower-grade areas [4]. - The company aims to modernize operations and improve mining efficiency, with a long-term goal of reducing costs and enhancing profitability [3][9].
Caledonia Mining Corporation Plc: Blanket Mine Q4 and FY 2024 Production and 2025 Guidance
Newsfilter· 2025-01-14 07:00
Core Viewpoint - Caledonia Mining Corporation Plc reported its gold production results for 2024 and provided guidance for 2025, highlighting a focus on modernization and efficiency improvements at Blanket Mine while managing cost pressures [1][3][6]. Production and Sales - In 2024, Blanket Mine produced 76,656 ounces of gold, meeting the production guidance of 74,000 to 78,000 ounces and slightly exceeding the 2023 production of 75,416 ounces [6][7]. - The fourth quarter production was 19,841 ounces, with a record total of 797,000 tonnes milled for the year [6][7]. - Gold sales for 2024 totaled 76,271 ounces, with 17,734 ounces sold in the fourth quarter [7]. 2025 Production Guidance - The production guidance for 2025 is set between 73,500 to 77,500 ounces, reflecting the mining of lower-grade areas [4]. - The on-mine cost is forecasted to be $1,050 to $1,150 per ounce, an increase from the previous year's range of $950 to $1,050 [5]. - The all-in sustaining cost (AISC) is expected to be between $1,690 to $1,790 per ounce, up from $1,450 to $1,550 in 2024 [5]. Capital Expenditure and Investments - The total capital expenditure for 2025 is projected at $41.8 million, with $34.9 million allocated to Blanket Mine and $5.8 million to Bilboes and Motapa [3][11]. - Key projects include $6.6 million for planned development, $3.4 million for energy-saving initiatives, and $4.8 million for tailings storage facility completion [8][11]. - Investments aim to modernize operations, improve mining efficiency, and support long-term profitability [3][7]. Operational Resilience and Future Projects - The company is focusing on operational resilience through strategic investments, including IT upgrades and exploration at Motapa [8][10]. - The feasibility study for the Bilboes sulphide project is expected to be completed in the first quarter of 2025 [9][10].
Caledonia Mining Plc(CMCL) - 2024 Q4 - Annual Report
2024-12-31 11:08
Exhibit 99.1 December 31, 2024: Caledonia Mining Corporation Plc ("Caledonia" or "the Company") announces that it received notification on December 30, 2024 from BlackRock, Inc. that on December 27, 2024 it had crossed a threshold for notification of a relevant change (as defined by the AIM Rules for Companies). A copy of the notification is below. | Caledonia Mining Corporation Plc | | | --- | --- | | Mark Learmonth | Tel: +44 1534 679 800 | | Camilla Horsfall | Tel: +44 7817 841 793 | | Cavendish Capital ...
Caledonia Mining Corporation Plc: Block Listing Application and "At The Market" Sales Agreement
GlobeNewswire· 2024-12-17 07:00
Core Viewpoint - Caledonia Mining Corporation Plc has entered into an "At the Market" sales agreement to sell up to US$50 million worth of shares, with proceeds intended for the development of the Bilboes sulphide project [1][5]. Group 1: ATM Sales Agreement - The ATM Sales Agreement allows Caledonia to sell shares at its discretion through ordinary brokers' transactions or block trades on the NYSE American at market prices [1]. - The company expects to utilize the net proceeds from the sales for investment in the Bilboes sulphide project [1]. Group 2: Technical Report Summary - Caledonia filed a technical report summary titled "Bilboes Gold Project Technical Report Summary," prepared by DRA Projects, in accordance with S-K 1300 regulations [2]. - The report aims to present mineral resources and initial assessments for open pit mining to recover gold mineralization, with an effective date of May 30, 2024 [4]. Group 3: Future Plans - A new feasibility study for the Bilboes project is planned for publication in the first quarter of 2025 [5]. - The company has made an application for a block admission of 4,000,000 new depositary interests, expected to become effective around December 18, 2024 [6]. Group 4: Share Capital and Reporting - Following the block admission, the company's issued share capital remains unchanged at 19,214,554 shares [7]. - The company will provide six-monthly announcements regarding the utilization of the block admission in compliance with AIM Rule 29 [7]. Group 5: Regulatory Filings - A prospectus supplement will be filed with the SEC as part of the company's registration statement on Form F-3, containing detailed information about the company and the ATM Offering [8].
Caledonia Mining Corporation Plc: Block Listing Application and "At The Market" Sales Agreement
Newsfilter· 2024-12-17 07:00
Core Viewpoint - Caledonia Mining Corporation has entered into an "At the Market" sales agreement to sell up to $50 million worth of shares, with proceeds intended for the development of the Bilboes sulphide project [1][5]. Group 1: ATM Sales Agreement - The ATM Sales Agreement allows Caledonia to sell shares at its discretion through ordinary brokers' transactions or block trades on the NYSE American at market prices [1]. - The company expects to utilize the net proceeds from the sales for investment in the Bilboes sulphide project [1]. Group 2: Technical Report Summary - Caledonia filed a technical report summary titled "Bilboes Gold Project Technical Report Summary" prepared by DRA Projects, in compliance with S-K 1300 regulations [2]. - The report aims to report mineral resources, present initial assessments for open pit mining, and propose additional work for feasibility studies [4]. Group 3: Future Plans - A new feasibility study for the Bilboes project is planned for publication in the first quarter of 2025 [5]. - The effective date of the technical report summary is May 30, 2024, with mineral resource amounts identical to those in the preliminary economic assessment [4]. Group 4: Share Capital and Admission - An application has been made for a block admission of 4,000,000 new depositary interests, which will rank pari passu with existing shares [6]. - Following the admission, the company's issued share capital remains unchanged at 19,214,554 shares [7].