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Caledonia Mining Corporation Plc: Profitability expected to be materially ahead of market expectations
GlobeNewswire News Room· 2025-07-23 06:00
Core Viewpoint - Caledonia Mining Corporation Plc expects to report profitable financial results for Q2 2025, building on a strong performance from Q1 2025, driven by Blanket Mine's gold production and favorable gold prices [2][4]. Financial Performance - The company anticipates a profitable second quarter, supported by strong gold production at Blanket Mine and sustained high gold prices [2]. - Profitability for the full year of 2025 is expected to be significantly above market expectations, contingent on the current production profile and continued favorable gold prices [2]. Upcoming Announcements - Detailed financial results for Q2 2025 and H1 2025 will be announced on August 11, 2025 [1][3].
Caledonia Mining Corporation Plc: Blanket Mine Q2 2025 Production and Guidance
Globenewswire· 2025-07-16 06:00
ST HELIER, Jersey, July 16, 2025 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or "the Company") (NYSE AMERICAN, AIM and VFEX: CMCL) announces gold production from the Blanket Mine ("Blanket") in Zimbabwe for the quarter ended June 30, 2025 ("Q2 2025") and the half year ended June 30, 2025 ("H1 2025"). All production numbers are expressed on a 100 per cent basis and are based on final assays from the refiner. Enquiries: | Caledonia Mining Corporation Plc | | | --- | --- | | Mark Learmont ...
Caledonia Mining Corporation Plc: High Grade Drill Results at Blanket Mine
Globenewswire· 2025-06-23 06:00
Core Viewpoint - Caledonia Mining Corporation Plc reports positive results from its ongoing resource expansion drill program at the Blanket Mine, indicating better-than-expected grades and widths in the mineralized zones, which may lead to an increased mineral resource estimate and extended mine life [1][5][6]. Group 1: Drilling Results - The ongoing drilling program has covered 6,976 meters from January 2024 to April 2025, revealing that the Blanket and Eroica orebodies have grades and widths generally better than expected, while the Lima orebody continues below the 22 level (750 meters) [2][5]. - A new potential orebody has been identified in the Blanket orebody area, with significant intersections including 31.8 meters at 6.71 g/t gold and 10.8 meters at 17.73 g/t gold [8][9]. Group 2: Future Prospects - The positive drilling results are expected to lead to an increased overall mineral resource estimate, which may extend the existing life of the mine [6][12]. - The company has invested heavily in the Blanket Mine over the past seven years to enhance production capacity, indicating a solid infrastructure to support future production [6][7]. Group 3: Exploration Plans - Future drilling will continue to evaluate the Blanket, ARM, and ARS orebodies down to the 38 level (1,230 meters) and beyond [21]. - A surface exploration project targeting the Banded Iron Formation (BIF) has commenced, with initial surveys indicating promising zones for further exploration [22][23].
Caledonia Mining Corporation Plc: Publication of 2024 ESG Report
GlobeNewswire News Room· 2025-05-20 06:00
Core Insights - Caledonia Mining Corporation has published its 2024 ESG Report, highlighting its commitment to sustainability and strategic responses to climate-related challenges [1][2]. Group 1: ESG Strategy and Implementation - The company has completed a comprehensive climate change risk assessment to understand the potential impacts of extreme weather, water stress, energy security, and regulatory changes on its operations [3]. - Caledonia has elevated its sustainability reporting standards by undertaking an IFRS Sustainability Standards readiness assessment and starting an Equator Principles gap analysis to ensure compliance with high standards [4]. Group 2: Community Investment and Long-term Value - The company is focused on delivering long-term value through responsible operations and has invested in community initiatives, including the installation of solar energy infrastructure for local schools and clinics, and prioritizing local procurement to enhance regional economic development [5].
Caledonia Mining Corporation Plc: Director/PDMR Shareholding Notification
Globenewswire· 2025-05-19 06:00
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 ...
Caledonia Mining Corporation Plc: Annual Report on Form 20-F has been filed
Globenewswire· 2025-05-16 06:00
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]
Caledonia Mining Plc(CMCL) - 2024 Q4 - Annual Report
2025-05-16 01:26
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 Plc(CMCL) - 2025 Q1 - Earnings Call Transcript
2025-05-12 14:02
Caledonia Mining Corporation (CMCL) Q1 2025 Earnings Call May 12, 2025 09:00 AM ET Company Participants Mark Learmonth - Director & CEORoss Jerrard - CFOJames Mufara - Chief Operating OfficerRusiano Tsoka - Group Safety, Health & Environment Manager - Blanket MineVictor Gapare - Executive DirectorCraig Harvey - Vice President of Technical Services Conference Call Participants None - Analyst Operator Ladies and gentlemen, welcome to the Caledonia Mining Q1 Results Presentation. I'd like to hand over to Mark ...
Caledonia Mining Plc(CMCL) - 2025 Q1 - Earnings Call Transcript
2025-05-12 14:00
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 ...
Caledonia Mining Plc(CMCL) - 2025 Q1 - Earnings Call Presentation
2025-05-12 12:27
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 ...