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Caledonia Mining Plc(CMCL) - 2025 Q2 - Earnings Call Presentation
2025-08-13 13:00
Financial Performance - Revenue increased by 30% to $65309 million in Q2 2025[18], driven by a 39% increase in the average gold price to $3186/oz[18] - Net profit attributable to shareholders of the Company rose by 147% to $20487 million in Q2 2025[18] - Adjusted earnings per share increased by 155%[16] - Operating cash flow increased to $281 million[16] - The company's net cash position was $82 million, excluding $18 million in fixed term deposits[16] Operational Highlights - Blanket Mine production increased to 21442 ounces in Q2 2025[18], a 1% increase compared to Q2 2024[18] - Full-year production guidance for Blanket Mine was raised to 75500–79500 ounces[16] - Blanket Mine's on-mine cost per ounce increased by 44%[30] - Blanket Mine's AISC per ounce increased by 74%[32] Strategic Initiatives - The solar plant was sold for $224 million[13] - Exploration program underway at Motapa, with diamond drilling of 178798 meters and reverse circulation drilling of 9638 meters completed[59] - The company is exploring cost-saving and phasing options for the Bilboes feasibility study[16] Reporting Changes - Caledonia will no longer publish quarterly financial statements and MD&A reports[41]
Caledonia Mining Corporation Plc: Caledonia approves quarterly dividend
Globenewswire· 2025-08-11 06:05
Group 1 - Caledonia Mining Corporation Plc has announced a quarterly dividend of 14 United States cents (US$0.14) per share [1] - The dividend payment will be made in Sterling for shareholders with a registered address in the UK [1] - The company adopted a quarterly dividend policy in 2014 to maximize shareholder value [2] Group 2 - Relevant dates for the dividend include the ex-dividend dates of August 20, 2025, for VFEX and August 22, 2025, for AIM and NYSE American [4] - The record date for the dividend is August 22, 2025, and the payment date is set for September 5, 2025 [4]
Caledonia Mining Corporation Plc: Results for the Quarter ended June 30, 2025
GlobeNewswire· 2025-08-11 06:00
Core Viewpoint - Caledonia Mining Corporation reported strong financial and operational results for Q2 2025, driven by record gold production and higher gold prices, leading to significant increases in profitability and cash generation [1][4][9]. Financial Highlights - Gold revenue reached $65.0 million, a 30% increase from $50.1 million in Q2 2024 [6]. - Gross profit rose to $33.8 million, up 48% from $22.9 million in Q2 2024 [6]. - EBITDA was $39.5 million, including a one-off profit of $8.5 million from the sale of a solar plant, representing a 94% increase from $20.4 million in Q2 2024 [6]. - Net profit attributable to shareholders was $20.5 million, more than doubling from $8.3 million in Q2 2024, with adjusted EPS increasing to 113.9 cents from 44.6 cents [10]. - Net cash from operating activities was $28.1 million, a 47% increase from $19.1 million in Q2 2024 [6]. - A dividend of 14 cents per share was declared [6]. Operational Highlights - Blanket Mine produced 21,070 ounces of gold, a 1.4% increase from 20,773 ounces in Q2 2024 [18]. - Production guidance for Blanket Mine for 2025 was increased to 75,500 - 79,500 ounces [18]. - On-mine cost per ounce increased by 10.9% to $1,123, while all-in sustaining cost (AISC) rose to $1,805 per ounce, a 21.5% increase [11][12]. - The average realized gold price was $3,188 per ounce, up 38.5% from $2,302 in Q2 2024 [6]. Cash Generation and Investments - Operating cash inflows for the half year ended June 30, 2025, were $41.3 million, supported by higher production and favorable gold prices [13]. - The sale of the solar plant generated $22.35 million, enhancing the cash position [13]. - The company invested $17.7 million in property, plant, and equipment, and $3.1 million in exploration and evaluation activities during the half year [14]. Exploration and Future Projects - Ongoing drilling at Blanket Mine has shown encouraging results, with grades and widths better than previous campaigns [7][21]. - The feasibility study for the Bilboes project is progressing, with a focus on enhancing project economics [8][23]. - A $2.8 million exploration program is underway at Motapa, targeting both sulphide and oxide resources [24]. Leadership and Reporting Changes - Mr. Johan Holtzhausen retired from the Board, and Ms. Tariro Gadzikwa was appointed as chair of the Audit Committee [26]. - The company will no longer publish quarterly financial statements, aligning with Canadian securities regulations [28][29].
Caledonia Mining Corporation Plc Notification of relevant change to significant shareholder
Globenewswire· 2025-08-06 06:00
Core Viewpoint - Caledonia Mining Corporation Plc received notification from BlackRock, Inc. indicating a change in its voting rights holdings as of August 1, 2025, which requires disclosure under AIM Rules for Companies [1]. Group 1: Notification Details - The notification was received on August 4, 2025, regarding a threshold crossing that occurred on August 1, 2025 [1]. - BlackRock, Inc. now holds a total of 5.35% of voting rights in Caledonia Mining, which includes 4.86% from shares and 0.49% from financial instruments [4][5]. Group 2: Voting Rights Breakdown - The resulting situation shows that BlackRock holds 938,075 voting rights directly, representing 4.86% of the total [4]. - Additionally, BlackRock has 43,078 voting rights from financial instruments, accounting for 0.22%, and 51,763 voting rights from CFDs, contributing another 0.26% [4][5]. Group 3: Previous Holdings - The previous notification indicated BlackRock held 5.37% of voting rights, with 5.12% from shares and 0.25% from financial instruments [4].
Caledonia Mining Corporation Plc: Notice of Q2 2025 Results and Investor Presentation
GlobeNewswire News Room· 2025-08-05 12:54
Core Points - Caledonia Mining Corporation Plc is set to release its operating and financial results for Q2 2025 on August 11, 2025 [1] - Due to a public holiday in Zimbabwe, a remote presentation for analysts and investors will take place on August 13, 2025, at 2:00 PM London time [1] - The presentation will be accessible on Caledonia's website [2] Conference Call Details - The Q2 2025 Results Call for Investors is scheduled for August 13, 2025, at 2:00 PM London time [3] - Registration for the webinar is required through the provided link [3] - Contact information for various representatives and financial PR firms is listed for inquiries [3]
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
Core Viewpoint - Caledonia Mining Corporation Plc reported strong gold production results for Q2 2025 and H1 2025, leading to an increase in annual production guidance for the Blanket Mine in Zimbabwe [2][5]. Production Summary - Q2 2025 gold production reached 21,070 ounces, marking a new record for the second quarter, compared to 20,773 ounces in Q2 2024 [5]. - H1 2025 gold production totaled 39,741 ounces, reflecting a 5.1% increase from 37,823 ounces produced in H1 2024 [5]. - The company has raised its production guidance for Blanket Mine to between 75,500 and 79,500 ounces of gold for the year [5]. Management Commentary - The CEO highlighted that the strong performance in the first half of 2025 exceeded expectations and is a testament to the team's dedication and hard work [2]. - The Vice President of Technical Services expressed confidence that Blanket Mine will continue to be a cornerstone of the company's success and drive shareholder value [3].
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
Group 1 - Caledonia Mining Corporation Plc announced that Toziyana Resources Limited, its largest shareholder, purchased 12,449 common shares at a volume weighted average price of $14.47 per share on May 15, 2025 [1][2] - Following the purchase, Mr. Victor Gapare, as the settlor of the trust that owns Toziyana, holds an interest in common shares representing 12.56% of the Company's issued share capital [2][4] - The transaction was conducted on NYSE American LLC [5]