Caledonia Mining Reports Record Profit and Growth

Caledonia Mining Reports Record Profit and Growth

Caledonia Mining ( (CMCL) ) has released its Q4 earnings. Here is a breakdown of the information Caledonia Mining presented to its investors.

Caledonia Mining Corporation Plc is a gold mining company primarily operating in Zimbabwe, known for its Blanket Mine and exploration projects like Bilboes and Motapa. The company reported a record gross profit of $77.0 million for 2024, driven by higher gold prices and lower production costs, marking a significant turnaround from a net loss in 2023 to a net profit of $17.9 million. Key financial highlights include a substantial increase in gross revenue to $183.0 million and improved operating cash flow of $42.0 million. Gold production at Blanket Mine was stable, while the Bilboes project is undergoing feasibility optimizations to enhance economic outcomes. Looking forward, Caledonia aims to maintain stable production, optimize its projects, and continue its exploration activities, with a strategic focus on becoming a multi-asset, Zimbabwe-focused gold producer.

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