Caledonia Mining Corporation Plc (CMCL)
Caledonia Mining Corporation Plc (CMCL) Q4 2024 Earnings Call Transcript
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.
Caledonia Mining presents an opportunity ahead of key Bilboes study - analyst
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) market value presents an opportunity according to stockbroker Cavendish – which, with a 1,800p price target, pencils in some 95% upside potential. The Zimbabwe-based miner today released annual results that Cavendish analyst Will Dymott described as ‘in line with our expectations', and confirmed that it had made a strong start to 2025.
Caledonia Mining cheers “year of significant progress”
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) described 2024 as ‘a year of significant progress', financially and operationally, as it reported record annual results. Operating cash flow totalled $42 million, from $14.8 million, on 76,656 ounces of gold production.
Caledonia Mining to review further optimisation options at Bilboes
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) has updated investors on its ongoing programme for the feasibility study on the Bilboes project, which is seen as a transformational project. The company, in a statement, said it now going to review several optimisation options that could improve project economics and reduce upfront capital costs.
Caledonia Mining: Optimism In Zimbabwe While Gold Is Bullish - Possible Dip Ahead
Caledonia Mining Corporation Plc maintains a Buy rating due to consistent gold production, promising project developments, and positive outlook amid rising gold prices. The company's Blanket Mine exceeded production expectations, while the Bilboes Sulphide Project and Motapa exploration show strong potential for future growth. Despite higher operating costs, Caledonia's financial health remains robust, supported by a favorable Altman Z-Score and ongoing dividend payments.
Caledonia Mining names new CFO
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) said chief financial officer Chester Goodburn is to step down on March 24 after overseeing the company's full-year results. He will be replaced immediately by Ross Jerrard, subject to routine checks.
Caledonia Mining adds non-exec directors to board
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) has appointed Stefan Buys and Lesley Goldwasser as independent non-executive directors. "We are delighted to welcome Stefan and Lesley to the board.
Caledonia Mining looking beyond 2040 at Blanket with capex plan, broker suggests
Caledonia Mining Corporation PLC's (AIM:CMCL, NYSE-A:CMCL) capital spending plans are aimed at underpinning the life of the Blanket Mine in Zimbabwe through 2040, broker Panmure Liberum suggested today. The gold miner detailed plans for US$41.8 million spending this year with a fourth-quarter trading update.
Caledonia Mining hits 2024 target after steady fourth quarter at Blanket
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) has reported a consistent performance from the Blanket gold mine in Zimbabwe in its most recent three months. Production in the three months to end December 2024, its fourth quarter, was 19,841 ounces after a record year for milling activity.
Caledonia Mining Corporation Plc: Notification of Relevant Change to Significant Shareholder
SAINT HELIER, JE / ACCESSWIRE / 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 signs block trade deal with Cantor
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) has entered into an "At the Market" or "ATM" sales agreement with Cantor Fitzgerald that, at its discretion from time to time, will allow the gold miner to sell up to US$50 million worth of shares. Any sales of shares would occur via ordinary brokers' transactions or block trades, with sales only being made on the NYSE American at market prices, Caledonia added.
Caledonia Mining: Consistent Production Guidance Amid Rising Gold While Shares Signal A Dip
Caledonia Mining Corporation Plc stock receives a "Buy" rating due to attractive gold price prospects and operational improvements despite recent market value decline. The company's consistent gold production, cost reduction measures, and strong financial health support the development of the Bilboes Project and further exploration. CMCL's performance has outpaced the S&P 500, driven by bullish gold sentiment and operational developments, with a 12.60% total return since the last analysis.
