Caledonia Mining ( (CMCL) ) just unveiled an announcement.
Caledonia Mining Corporation Plc reported record financial results for 2024, with gross revenue increasing to $183 million and a record gross profit of $77 million, driven by higher gold prices and lower production costs. The company also announced a restatement of previous financial statements due to an error in the calculation of deferred tax liabilities, which does not affect cash flow or tax submissions. Operationally, the Blanket Mine performed well, and the company is making progress on the Bilboes Feasibility Study, exploring optimization opportunities to enhance project economics. The company remains focused on maintaining stable production, optimizing projects, and expanding exploration activities, with a strategic vision to become a leading Zimbabwe-focused gold producer.
More about Caledonia Mining
Caledonia Mining Corporation Plc is a company operating in the gold mining industry, primarily focused on gold production and exploration. The company is centered on its operations in Zimbabwe, with key assets including the Blanket Mine and the Bilboes project. Caledonia aims to become a multi-asset, Zimbabwe-focused gold producer, delivering sustainable value for shareholders and stakeholders.
YTD Price Performance: 22.08%
Average Trading Volume: 50,964
Technical Sentiment Signal: Strong Sell
Current Market Cap: $223.1M
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