Caledonia Mining (CMCL) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Caledonia Mining Corporation Plc has reported a robust financial performance in the second quarter of 2024, with gross revenues surging to $50.1 million alongside a significant jump in gross profit to $22.9 million, compared to the same period last year. The company’s gold production increased, and production costs decreased, contributing to a strong quarter with a notable increase in net cash and cash equivalents. Additionally, the company has maintained its production guidance for the year and announced a consistent dividend, reflecting its commitment to shareholder returns and confidence in its long-term mining projects.
For further insights into CMCL stock, check out TipRanks’ Stock Analysis page.
