ST HELIER, Jersey, March 26, 2025 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (the "Company") (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announces that documents comprising a notice of annual general meeting of shareholders (the “AGM”) and a management information circular – solicitation of proxies together with a proxy form are now available at: https://www.caledoniamining.com/investors/shareholder-information/#shareholder-meeting-documents The AGM will be held at Radisson Blu Waterfront Hotel, ...

Core Viewpoint - Caledonia Mining Corporation Plc is addressing an accounting query related to deferred tax from 2019, which will delay 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]. Group 1 - The auditors have raised a query regarding the accounting treatment of deferred tax dating back to 2019, and the company is working with them to evaluate the implications [1]. - The publication of the audited financial statements will be delayed but is expected to be released no later than March 31, 2025 [2]. - The accounting issue is non-cash in nature, and the underlying performance for the year ended December 31, 2024, is expected to align with previous guidance and market expectations [2]. Group 2 - 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]. - A revised conference call for analysts and investors is scheduled for March 31, 2025, at 2:00 PM London time, to discuss the full year and Q4 2024 results [4][5].

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].

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].

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].

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].

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].

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].

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].

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 ...