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 ...

Core Viewpoint - Caledonia Mining Corporation has entered into an "At the Market" sales agreement to sell up to $50 million worth of shares, with proceeds intended for the development of the Bilboes sulphide project [1][5]. Group 1: ATM Sales Agreement - The ATM Sales Agreement allows Caledonia to sell shares at its discretion through ordinary brokers' transactions or block trades on the NYSE American at market prices [1]. - The company expects to utilize the net proceeds from the sales for investment in the Bilboes sulphide project [1]. Group 2: Technical Report Summary - Caledonia filed a technical report summary titled "Bilboes Gold Project Technical Report Summary" prepared by DRA Projects, in compliance with S-K 1300 regulations [2]. - The report aims to report mineral resources, present initial assessments for open pit mining, and propose additional work for feasibility studies [4]. Group 3: Future Plans - A new feasibility study for the Bilboes project is planned for publication in the first quarter of 2025 [5]. - The effective date of the technical report summary is May 30, 2024, with mineral resource amounts identical to those in the preliminary economic assessment [4]. Group 4: Share Capital and Admission - An application has been made for a block admission of 4,000,000 new depositary interests, which will rank pari passu with existing shares [6]. - Following the admission, the company's issued share capital remains unchanged at 19,214,554 shares [7].

Core Viewpoint - Caledonia Mining Corporation Plc has entered into an "At the Market" sales agreement to sell up to US$50 million worth of shares, with proceeds intended for the development of the Bilboes sulphide project [1][5]. Group 1: ATM Sales Agreement - The ATM Sales Agreement allows Caledonia to sell shares at its discretion through ordinary brokers' transactions or block trades on the NYSE American at market prices [1]. - The company expects to utilize the net proceeds from the sales for investment in the Bilboes sulphide project [1]. Group 2: Technical Report Summary - Caledonia filed a technical report summary titled "Bilboes Gold Project Technical Report Summary," prepared by DRA Projects, in accordance with S-K 1300 regulations [2]. - The report aims to present mineral resources and initial assessments for open pit mining to recover gold mineralization, with an effective date of May 30, 2024 [4]. Group 3: Future Plans - A new feasibility study for the Bilboes project is planned for publication in the first quarter of 2025 [5]. - The company has made an application for a block admission of 4,000,000 new depositary interests, expected to become effective around December 18, 2024 [6]. Group 4: Share Capital and Reporting - Following the block admission, the company's issued share capital remains unchanged at 19,214,554 shares [7]. - The company will provide six-monthly announcements regarding the utilization of the block admission in compliance with AIM Rule 29 [7]. Group 5: Regulatory Filings - A prospectus supplement will be filed with the SEC as part of the company's registration statement on Form F-3, containing detailed information about the company and the ATM Offering [8].

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]. Summary by Categories Investment Strategy - The investment strategy described is adaptable, catering to different types of investors, whether they focus on dividends, value propositions, or growth opportunities [1].

Core Viewpoint - Caledonia Mining Corporation Plc has received notifications from BlackRock, Inc. regarding a change in its voting rights holdings, indicating a significant shift in ownership interest [1]. Group 1: Notification Details - BlackRock, Inc. notified Caledonia Mining on November 19 and 20, 2024, that it crossed a threshold for notification of a relevant change on November 18 and 19, 2024, respectively [1]. - The notification indicates that BlackRock's resulting situation includes 4.74% of voting rights attached to shares and 0.25% through financial instruments, totaling 5.00% [4][10]. Group 2: Voting Rights Breakdown - The total number of voting rights held by BlackRock, Inc. is 960,786, with 911,596 voting rights directly attached to shares and 49,190 through financial instruments [4][5]. - The previous notification indicated a total of 4.99% voting rights, showing a slight decrease to 5.00% in the current notification [4][10]. Group 3: Financial Instruments - BlackRock holds 49,190 voting rights through Contracts for Difference (CFDs), representing 0.25% of voting rights [6][11]. - The financial instruments held do not have an expiration date and are settled in cash [6].

Revenue and Profitability - Revenue for the three months ended September 30, 2024, was $46,868 thousand, an increase of 13.5% compared to $41,187 thousand for the same period in 2023[10] - Total revenue for the nine months ended September 30, 2024, was $135,503,000, an increase from $107,653,000 in the same period of 2023, representing a growth of approximately 25.9%[114] - Profit for the period for the nine months ended September 30, 2024, was $16,452 thousand, compared to $1,693 thousand for the same period in 2023, representing a significant increase[10] - The operating profit for the period ended September 30, 2024, was $31.1 million, compared to $12.6 million in 2023, representing a year-over-year increase of 147.5%[113] Expenses and Costs - Gross profit for the nine months ended September 30, 2024, was $56,061 thousand, up 81.5% from $30,926 thousand in the same period of 2023[10] - Administrative expenses for the three months ended September 30, 2024, increased to $3,954 thousand from $2,889 thousand in the same period of 2023[10] - The company reported administrative expenses of $10,229,000 for the nine months ended September 30, 2024, compared to $11,890,000 in the same period of 2023, reflecting improved cost management[114] - Production costs at Blanket Mine increased to $58,020,000 in 2024 from $50,170,000 in 2023, with notable rises in salaries and wages by 10.6% and consumable materials by 14.9%[45] - The company reported production costs of $60,505,000 for the nine months ended September 30, 2024, compared to $61,028,000 in the same period of 2023, showing a slight reduction in costs[114] Cash Flow and Financial Position - Net cash inflow from operating activities for the three months ended September 30, 2024, was $4,591,000, a decrease of 68.3% compared to $14,495,000 for the same period in 2023[26] - The net cash and cash equivalents at the end of the period decreased to $7,635,000 as of September 30, 2024, compared to $3,192,000 at the end of the same period in 2023[26] - Cash and cash equivalents stood at $7,204,000 as of September 30, 2024, compared to $6,708,000 at December 31, 2023, indicating an increase of approximately 7.4%[91] - The net cash inflow from operations for the nine months ended September 30, 2024, was $28,564,000, significantly higher than $11,393,000 for the same period in 2023, marking an increase of 151.5%[26] Assets and Equity - Total assets as of September 30, 2024, were $339,660 thousand, an increase from $328,303 thousand as of December 31, 2023[16] - Total equity as of September 30, 2024, was $271,864 thousand, compared to $264,192 thousand as of December 31, 2023, reflecting a growth in shareholder value[16] - As of September 30, 2024, total property, plant, and equipment increased to $264,205,000 from $248,124,000 at December 31, 2023, reflecting a growth of approximately 6.5%[82] Foreign Exchange and Financial Risks - The company reported a net foreign exchange loss of $9,282 thousand for the nine months ended September 30, 2024, compared to a loss of $2,334 thousand for the same period in 2023[10] - The official exchange rate of the new Zimbabwe Gold (ZiG) weakened from ZiG13.99:US$1 to ZiG24.88:US$1 between September 27 and September 30, 2024, leading to substantial foreign exchange losses[48] - A sensitivity analysis indicated that a 45% strengthening of the ZiG against the US Dollar could result in foreign exchange gains of $2,980,000[52] Shareholder Returns - Dividends paid increased to $3,430,000 for the three months ended September 30, 2024, up from $2,801,000 in the same period of 2023, representing a rise of 22.4%[26] - Dividends declared for the nine months ended September 30, 2024, totaled $10,330,000, compared to $10,264,000 in 2023, showing a slight increase of 1%[122] - Dividends of $2.7 million were declared in November 2024, scheduled for payment in December 2024[124] Operational Developments - The company has initiated a marketing process to sell the solar plant, with negotiations ongoing with a reputable global renewable energy operator[95] - The life of mine (LoM) estimate for Blanket Mine has been extended to 2041, which includes inferred resources based on the latest drilling results[99] - The company has implemented a new sales mechanism that allows for debt funding secured against offshore gold sales, reducing risks associated with single refining sources in Zimbabwe[118]

Financial Data and Key Metrics Changes - The financial and operating results primarily reflect the performance at Blanket, indicating that production has stabilized after a challenging period in 2023, but there is a need to address rising costs, particularly due to higher electricity and labor expenses [4]. Business Line Data and Key Metrics Changes - Specific details regarding the performance of different business lines were not provided in the available content, but the focus remains on the operational performance at Blanket [4]. Market Data and Key Metrics Changes - No specific market data or key metrics changes were mentioned in the provided content [1][2]. Company Strategy and Development Direction and Industry Competition - The company is undergoing rapid changes, as indicated by recent announcements, and is focusing on addressing cost issues while stabilizing production [3][4]. Management's Comments on Operating Environment and Future Outlook - Management acknowledged the stronger headwinds faced, particularly from increased electricity and labor costs, which may impact future operations [4]. Other Important Information - The preliminary results of the exploration program at Motapa were mentioned, but specific details were not provided in the available content [1]. Q&A Session Summary - No specific questions and answers from the Q&A session were included in the provided content [1][2][3][4].

ST HELIER, Jersey, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or "the Company") (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) is pleased to announce that the board of directors has approved a quarterly dividend of 14 United States cents (US$0.14) on each of the Company's shares. The relevant dates relating to the dividend are as follows: Ex-dividend date VFEX: November 20, 2024 Ex-dividend date AIM: November 21, 2024 Ex-dividend date NYSE American: November 22, 2024 Recor ...