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]

Core Points - Caledonia Mining Corporation Plc announced the issuance of 80,230 common shares under its 2015 Omnibus Equity Incentive Compensation Plan, following the financial results for the year ended December 31, 2024 [1] - The issuance is expected to take place on or about April 4, 2025, with trading in the depositary interests anticipated to commence on or about April 10, 2025 [2] - After the issuance, the total number of shares in issue will be 19,294,784 common shares [3] Summary of Securities Issued - 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] - Other key managerial personnel will also receive securities, including James Mufara (Chief Operations Officer) and Victor Gapare (Executive Director), with respective awards of 18,710 and 16,447 securities [12][14] Long Term Incentive Plan Awards - The Compensation Committee approved new long-term incentive plan awards for staff, with values as of April 1, 2025, including US$491,715.90 for John Mark Learmonth and US$233,700.02 for James Mufara [4] - The awards consist of target Performance Units (PUs) and Restricted Share Units (RSUs), with vesting dates set for April 2028 for PUs and staggered vesting for RSUs [4][7] Performance Metrics - The final number of PUs that vest will be adjusted based on the company's performance metrics, including gold production and mineral resource increases [6] - RSUs will vest based solely on continued employment, with dividends reinvested in additional RSUs for certain executives [7] Fair Market Value - The Fair Market Value for the shares was determined to be US$12.49, which was used to calculate the number of PUs and RSUs awarded [5]

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 stabilization of the local currency, the ZiG, in Q4, which contributed to a reduction in net foreign exchange losses to only $600,000 in the quarter [46] - The effective tax rate remains high due to structural inefficiencies, with a combination of income tax, deferred tax, and withholding tax affecting overall profitability [107] 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] - The company aims to maximize its net present value per share while minimizing equity dilution and exploring funding options for the Bilboes project [70] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the substantial improvement in cash generation and mine performance, indicating a positive outlook for 2025 [142] - The company is focused on reducing costs, particularly in labor and electricity, to improve overall efficiency [41][130] - Management acknowledged the challenges posed by electricity supply issues but noted that interventions helped stabilize production towards the end of the year [39][122] Other Important Information - The company declared a dividend of $0.14 for the quarter, totaling $0.56 for the year, with a change in the timing of dividend declarations to streamline processes [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 expected production capacity from the mine? - The COO confirmed that the target is to pull out 800,000 tonnes from the mine [87] Question: How does the resource at Motapa tie into the Bilboes project? - The company will take the necessary time to ensure the best project outcome, considering the potential integration of Motapa into the feasibility study [90] Question: Will the tailings dam strategy change based on concentrate sales? - The strategy may change if permanent permission to export concentrate is granted, affecting the tailings facility setup [94] Question: Is the bank debt down to about $2 million? - The company clarified that net cash exceeds debt, but the strategy remains to have 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 breakdown provided in the MD&A [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 main cost risks for 2025? - The greatest variable is electricity costs, which are unpredictable and can significantly impact operations [130] Question: What is the strategy regarding concentrate sales and BIOX plant commitments? - The company aims to explore options for exporting concentrate without immediate commitments to a BIOX plant, depending on government flexibility [136]

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 ...

Core Points - Caledonia Mining Corporation has amended the payment date for its quarterly dividend from April 18, 2025, to April 17, 2025, due to a public holiday [2][1] - The record date and ex-dividend dates remain unchanged, with the ex-dividend dates set for April 2, 2025 (VFEX), April 3, 2025 (AIM), and April 4, 2025 (NYSE American) [5][2] - The company has a quarterly dividend policy in place since 2014, aimed at maximizing shareholder value while considering future dividends in line with investment opportunities and risk management [3][2]

The following amendment has been made to the Caledonia approves quarterly dividend announcement released on March 24, 2025 at 07:00 GMT under RNS No 7270B. The payment date has been amended to April 17, 2025. All other details remain unchanged. ST HELIER, Jersey, March 28, 2025 (GLOBE NEWSWIRE) -- Caledonia (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announces that, due to a public holiday, the payment date of the dividend payable in April has been changed from April 18 to April 17. There are no changes to ...

Core Viewpoint - Caledonia Mining Corporation is making significant progress on the Feasibility Study for the Bilboes project, with an extended timeline to explore optimization opportunities that could enhance project economics and reduce capital requirements [1][2]. Project Development - The Feasibility Study will replace the Preliminary Economic Assessment from June 2024, which indicated strong project economics and a mine plan that could triple Caledonia's gold production, positioning the company as an intermediate gold producer [3]. - The ongoing work continues to confirm the attractive fundamentals of the Bilboes project, especially in the context of a strong gold price [3]. Optimization Opportunities - Key areas of optimization being reviewed include: - Exploration at Motapa, which shows promising new mineralized zones near the Bilboes processing plant, potentially improving the long-term economics of a combined Bilboes-Motapa project [4]. - High-grade mineralization at the Blanket Mine could contribute significantly to the initial capital requirements for Bilboes, providing funding flexibility [5]. - Engaging with authorities to explore the potential sale of concentrate, which could defer capital expenditures on a BIOX processing circuit in the initial years of production [9]. - Evaluating the relocation of the Tailings Storage Facility to a more efficient site, potentially on the Motapa property, to lower initial construction costs [9]. - Incorporating near-term opportunities at Motapa into the Bilboes Feasibility Study following strong exploration results [9]. Commitment to Shareholder Value - The Board is committed to maximizing shareholder value by ensuring that the Bilboes project is optimized both technically and financially, while continuing discussions with funding partners and authorities in Zimbabwe [6]. - The CEO of Caledonia expressed confidence in the transformative potential of the Bilboes project and emphasized a disciplined approach to optimization to enhance returns and funding efficiency [7][8].

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].