Core Viewpoint - Caledonia Mining Corporation reported strong Q1 2025 results, driven by increased gold production and higher gold prices, demonstrating operational resilience and strategic growth potential [2][5][11]. Financial Highlights - Revenue for Q1 2025 was $56.2 million, a 46% increase from $38.5 million in Q1 2024, attributed to higher sales and a 42% rise in average realized gold price to $2,896 per ounce [8][11]. - Gross profit nearly doubled to $26.9 million, resulting in a gross margin of 48% compared to 36% in Q1 2024 [11]. - Net profit attributable to shareholders surged to $8.9 million, a 493% increase from $1.5 million in Q1 2024, with adjusted EPS rising to 58.5 cents from 9.7 cents [8][12]. Operational Highlights - Gold production reached 19,106 ounces, a 9.3% increase from 17,476 ounces in Q1 2024, with Blanket Mine producing 18,671 ounces [8][15]. - The on-mine cost per ounce increased by 12.9% to $1,202, while the all-in sustaining cost (AISC) rose to $1,797 per ounce, reflecting higher production costs [13][8]. - Continued progress on the Bilboes feasibility study and a $2.8 million exploration program launched at Motapa [8][17]. Cash Flow and Financial Position - Net cash from operating activities more than doubled to $13.3 million, improving the net cash position to negative $4.6 million from negative $14.2 million in Q1 2024 [14][8]. - Following the solar plant sale, the pro forma net cash position improved to $18.6 million, enhancing financial flexibility for growth initiatives [6][14]. Strategic Focus - The company is focused on maximizing profitable production at Blanket, optimizing the Bilboes project economics, and unlocking exploration potential at Motapa [6][19]. - Capital expenditure for 2025 is forecasted at $41.0 million, fully funded from existing cash reserves and operating cash flow [20].

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 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 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 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].

Core Points - Caledonia Mining Corporation Plc announced the issuance of 80,230 common shares to staff members as part of the 2015 Omnibus Equity Incentive Compensation Plan following the financial results for the year ended December 31, 2024 [1][2] - The total number of shares in issue after this issuance will be 19,294,784 common shares, with no shares held in treasury [3] - The Compensation Committee approved new long-term incentive plan awards for staff, including Performance Units (PUs) and Restricted Share Units (RSUs) for key managerial personnel [4][5] Share Issuance Details - John Mark Learmonth, Director and Chief Executive Officer, will receive 29,817 securities, resulting in a total interest of 216,848 shares, representing 1.12% of the company's share capital [2] - The shares will be admitted for trading on AIM, with trading expected to commence around April 10, 2025 [2] Incentive Plan Awards - The total values of the new awards as of April 1, 2025, include US$491,715.90 for John Mark Learmonth, US$233,700.02 for James Mufara, US$226,630.14 for Ross Jerrard, and US$205,427.81 for Victor Gapare [4] - The PUs will vest based on performance metrics related to gold production and cost management, while the RSUs will vest based on continued employment [6][7][8] Fair Market Value - The Fair Market Value for the PUs and RSUs awarded was determined to be US$12.49, based on the closing price of Caledonia's shares [5] Vesting and Holding Period - Each vested PU and RSU entitles the recipient to receive one common share, with a minimum holding period of one year for the securities issued [8]

ST HELIER, Jersey, April 02, 2025 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("the Company" or "Caledonia") (NYSE AMERICAN, AIM and VFEX: CMCL) announces that, pursuant to the vesting of awards made under the 2015 Omnibus Equity Incentive Compensation Plan of the Company (the "Plan") and following the publication of financial results for the year ended December 31, 2024, a total of 80,230 common shares of no par value in the Company are being issued on or about April 4, 2025 to members of staff wi ...

Caledonia Mining Corporation Plc (NYSE:CMCL) Q4 2024 Earnings Conference Call March 31, 2025 9:00 AM ET Company Participants Mark Learmonth - CEO James Mufara - Chief Operating Officer Conference Call Participants Nic Dinham - SBG Securities Howard Flinker - Flinker Tate Sullivan - Maxim Group Duncan Hay - Panmure Liberum Operator Ladies and gentlemen, welcome to the Caledonia Mining Q4 Results Presentation. I'd now like to hand you across to Mark Learmonth, the CEO. Mark, over to you. Mark Learmonth Good m ...

Financial Data and Key Metrics Changes - The company reported a record gross profit of nearly $77 million for the year, an increase of 86% from 2023 [4] - Net attributable profit was just under $19 million, compared to a loss of $4 million in the previous year, reflecting stronger operating cash flow of nearly $42 million compared to just less than $15 million in the previous year [4][5] - The average realized gold price in Q4 was just over $2,600, compared to just under $1,900 in the comparable quarter of the previous year [20] Business Line Data and Key Metrics Changes - Production at Blanket was within guidance, ending the year with 76,656 ounces, a 1.6% improvement compared to 2023 [24] - Production costs at Blanket remained broadly the same at about $19 million, with gross profit increasing to $20 million compared to $11 million in the previous quarter [36] - Bilboes continued to incur losses but is now on care and maintenance, with minimal impact on overall performance [52] Market Data and Key Metrics Changes - The company experienced a significant increase in revenue due to higher gold prices, contributing to the substantial increase in gross profit [20] - The local currency, the ZiG, stabilized in Q4, leading to reduced foreign exchange losses compared to earlier in the year [46] Company Strategy and Development Direction - The company plans to extend the timeline for the feasibility study for Bilboes to optimize project economics and explore new development options [6][62] - There is a focus on maintaining stable production at Blanket and investigating near-term growth opportunities across the portfolio, including Blanket, Bilboes, and Motapa [78] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the stability of the ZiG and improvements in cash generation, indicating a positive outlook for Q1 2025 [142] - The company is focused on reducing costs, particularly in labor and electricity, to improve overall profitability [41][130] Other Important Information - The company declared a dividend of $0.14 for the quarter, totaling $0.56 for the year [7][21] - Significant changes to the Board and management have occurred, contributing to improved operational performance [8] Q&A Session Summary Question: What is the status of the solar power project, the sale of that asset? - The company expects to provide an update sometime this week [85] Question: What is the reliability of production targets from the mine? - The target is to pull out 800,000 tonnes from the shaft, which is considered stable [86][87] Question: What is the timeline for developing a reliable reserve at Motapa? - The company will take as long as necessary to ensure the best project outcome, considering the potential integration of Motapa into the feasibility study [88][90] Question: Will the tailings dam strategy change based on concentrate sales? - Yes, if permanent permission to export concentrate is granted, it could affect the tailings facility setup [93][94] Question: Is the bank debt down to about $2 million? - The company has more cash than debt, but the strategy is to maintain debt in-country and cash out of the country [102] Question: What is the effective tax rate for the company? - The effective tax rate remains high due to structural inefficiencies, with a commercial tax rate in Zimbabwe around 24% [105][107] Question: Are there plans for more retirement expenses in 2025? - Future retirement expenses will be minimal compared to 2024, as the policy will only affect a few individuals each year [118] Question: What are the greatest cost risks for 2025? - The most unpredictable cost risk is electricity, particularly if the grid collapses [130]

Restated previous financial statements and non-reliance to the extent set out in this announcement Details of investor and analyst presentation Record Profit, Stable Production and Exploration Success ST HELIER, Jersey, March 31, 2025 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or "the Company") announces its operating and financial results for the year ended December 31, 2024 (the "Year"). Caledonia also announces the restatement of previous financial statements due to an error that w ...