Caledonia Mining Corporation Plc Management has prepared the information and representations in this interim report. The unaudited condensed consolidated interim financial statements of Caledonia Mining Corporation Plc and its subsidiaries (the "Group") have been prepared in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB") and, where appropriate, these statements include some amounts that are based on best estimates and j ...

1 Exhibit 99.1 MANAGEMENT'S RESPONSIBILITY FOR FINANCIAL INFORMATION To the Shareholders of Caledonia Mining Corporation Plc: | --- | --- | --- | --- | |-----------------------------------------------------------------------------|-------|-----------------------------------|--------------| | For the \nUnaudited | Note | Three months March 31, \n2023 | ended \n2022 | | Revenue | | 29,435 | 35,072 | | Royalty | | (1,480) | (1,758) | | Production costs | 7 | (19,850) | (14,359) | | Depreciation | 13 | (2,255) ...

Property Description and Ownership Location Map of Bilboes Properties History 66 Bilboes is compliant in terms of authorizations and adheres to all government protocols and regulations as required. Bilboes' mining claims cover a total area of 2,664.4 ha. The Bilboes Project is held under a portfolio of 131 adjacent mining claims in the Bulawayo Mining District. Of these, 125 encompass an area of 10 ha each and are issued for gold. Claims 11014 BM and 11015 BM encompass 150 ha each and are issued for tungste ...

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, Caledoni ...

4 Significant accounting policies The accounting policies set out below have been applied consistently to all periods presented in these consolidated financial statements. In addition, the accounting policies have been applied consistently by the Group. a) Basis of consolidation i) Subsidiaries and structured entities Subsidiaries and certain structured entities ("subsidiaries") are entities controlled by the Group. The Group controls an entity when it is exposed to, or has rights to, variability in returns ...

Exhibit 99.1 1 Caledonia Mining Corporation Plc MANAGEMENT'S RESPONSIBILITY FOR FINANCIAL INFORMATION To the Shareholders of Caledonia Mining Corporation Plc: Management has prepared the information and representations in this interim report. The unaudited condensed consolidated interim financial statements of Caledonia Mining Corporation Plc and its subsidiaries (the "Group") have been prepared in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting ...

Exhibit 99.1 Caledonia Mining Corporation Plc MANAGEMENT'S RESPONSIBILITY FOR FINANCIAL INFORMATION To the Shareholders of Caledonia Mining Corporation Plc: Management has prepared the information and representations in this interim report. The unaudited condensed consolidated interim financial statements of Caledonia Mining Corporation Plc and its subsidiaries (the "Group") have been prepared in accordance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting S ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 193 Date of e ...

Financial Data and Key Metrics Changes - Production ounces increased by 40% compared to the previous quarter and the same quarter in 2021, with revenues up by 37% due to higher gold prices [3][10] - Gross profit rose by 63%, while EBITDA increased by 49% compared to the comparable quarter [4][10] - Profit attributable to shareholders increased by 30%, with adjusted earnings per share rising to $62.5 [4][12] Business Line Data and Key Metrics Changes - The all-in sustaining costs decreased by 7%, demonstrating effective cost control despite increased production [4] - Production costs per ounce fell from $836 to $698, reflecting improved operational efficiency [17][19] Market Data and Key Metrics Changes - The average gold price increased by 6%, contributing to the overall revenue growth [10] - The company reported a net foreign exchange gain of just under $1 million, influenced by the devaluation of the local currency against the U.S. dollar [11] Company Strategy and Development Direction - The company is transitioning from being solely focused on Blanket Mine to exploring new projects, with Maligreen being a potential front-runner [30][34] - There is a commitment to resume deep-level exploration to improve resource confidence and discover new material [32][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining production guidance of 73,000 to 80,000 ounces for 2022, with April run rates indicating strong performance [9][63] - The company is actively managing working capital and is prepared for potential supply chain issues, particularly regarding consumable costs [45][47] Other Important Information - The solar farm project is progressing well, with commissioning expected by the end of July [27][29] - The company plans to invest approximately $3 million to improve electricity supply quality, which should help control costs [17] Q&A Session Summary Question: What are the plans for exploration expenditures? - The company intends to resume deep-level exploration with plans for 15,000 meters of drilling this year and 25,000 meters next year, focusing on both deeper and shallower areas [32][34] Question: How is the company managing rising costs? - Management noted that the increase in DNO costs is reflective of broader market trends, and they are paying workers entirely in U.S. dollars to mitigate local inflation impacts [35][36] Question: What is the status of the Maligreen project? - The company is confident in upgrading the resource at Maligreen and is about 80% complete with the work needed to compile a new resource report [38][39] Question: How will new projects be funded? - New projects will likely require a combination of debt and retained cash, with the company not solely relying on equity markets for funding [53] Question: What is the outlook for new mining projects? - Management anticipates that new projects could start contributing to production within the next few years, with a focus on balancing exploration and shareholder returns [52][54]

[Publication of Annual Report and Update on Mineral Resource Reporting](index=1&type=section&id=Publication%20of%20Annual%20Report%20and%20Update%20on%20Mineral%20Resource%20Reporting) This section outlines the 2021 Annual Report publication, the adoption of new SEC S-K 1300 standards, and subsequent mineral resource updates [Adoption of New SEC Reporting Standards](index=1&type=section&id=Adoption%20of%20New%20SEC%20Reporting%20Standards) The company filed its 2021 Annual Report, adopting the new SEC S-K 1300 standard for technical disclosure, which differs from NI 43-101 - The company filed its Annual Report for the fiscal year ended December 31, 2021, in compliance with the new SEC S-K 1300 regulations for mining companies[2](index=2&type=chunk) - The new S-K 1300 standard requires reporting mineral resources exclusive of mineral reserves and on an attributable ownership basis, a method that differs from the Canadian NI 43-101 standard[3](index=3&type=chunk)[5](index=5&type=chunk) - An updated NI 43-101 technical report for the Blanket Gold Mine is planned for Q3 or Q4 2022 to align data and account for recent geological information[5](index=5&type=chunk) [Updated Mineral Resource and Reserve Estimates](index=1&type=section&id=Updated%20Mineral%20Resource%20and%20Reserve%20Estimates) This section presents updated mineral resource and reserve estimates for Blanket Gold Mine, reflecting new S-K 1300 standards and attributable ownership [Blanket Gold Mine - NI 43-101 Report (Previous)](index=1&type=section&id=Blanket%20Gold%20Mine%20-%20NI%2043-101%20Report%20%28Previous%29) This section details the Blanket Gold Mine's previous mineral resources and reserves under the NI 43-101 standard on a 100% consolidated basis Blanket NI 43-101 Report Mineral Resources & Reserves (100% basis) | Category | Tonnes (Mt) | Grade (g/t) | Contained Gold (koz) | | :--- | :--- | :--- | :--- | | **Mineral Resources** | | | | | Measured (M) | 2.73 | 3.32 | 292 | | Indicated (I) | 5.79 | 3.27 | 610 | | **Total M&I** | **8.53** | **3.29** | **902** | | Inferred | 8.49 | 3.17 | 866 | | **Mineral Reserves** | | | | | Proven | 1.7 | 3.34 | 183 | | Probable | 3.16 | 3.39 | 345 | | **Total Proven & Probable** | **4.86** | **3.38** | **528** | [Blanket Gold Mine - Annual Report/TRS (Current)](index=2&type=section&id=Blanket%20Gold%20Mine%20-%20Annual%20Report%2FTRS%20%28Current%29) This section presents the Blanket Gold Mine's current attributable mineral resources and reserves under the new S-K 1300 standard Blanket Annual Report/TRS Mineral Resources & Reserves (64% attributable) | Category | Tonnes (Mt) | Grade (g/t) | Contained Gold (koz) | | :--- | :--- | :--- | :--- | | **Mineral Resources (excl. Reserves)** | | | | | Measured (M) | 0.55 | 2.80 | 48 | | Indicated (I) | 1.59 | 2.78 | 142 | | **Total M&I** | **2.14** | **2.77** | **190** | | Inferred | 5.42 | 3.17 | 552 | | **Mineral Reserves** | | | | | Proven | 0.66 | 3.11 | 66 | | Probable | 1.75 | 3.30 | 186 | | **Total Proven & Probable** | **2.41** | **3.25** | **251** | - The mineral resource estimate for the Maligreen Gold Project is unchanged from the NI 43-101 report as Caledonia has **100% ownership** and it is an exploration project with no mining depletion[5](index=5&type=chunk) - Estimates for the Blanket Gold Mine differ from the previous NI 43-101 report due to three main factors: reporting on a **64% attributable basis**, accounting for mining depletion, and the new requirement to present mineral resources exclusive of mineral reserves[5](index=5&type=chunk) [Forward-Looking Statements and Risk Factors](index=3&type=section&id=Forward-Looking%20Statements%20and%20Risk%20Factors) This section provides cautionary notes on forward-looking statements and outlines key risks inherent in the mining industry - The report contains forward-looking statements, including estimates of mineral resources and reserves, which are subject to significant known and unknown risks and uncertainties[9](index=9&type=chunk) - Key risks include inaccurate resource estimates, gold price fluctuations, operational hazards (e.g., geological issues, power outages), political risk, geopolitical tensions, and increased costs[10](index=10&type=chunk) - The company clarifies that Canadian NI 43-101 standards differ from the SEC's S-K 1300, and data may not be directly comparable to that of U.S. companies[11](index=11&type=chunk)