12th Aug 2024 19:09
Caledonia Mining Corp PLC - Jersey, UK-based gold producer with operations in Zimbabwe - Revenue in the quarter to June 30 rises 35% to USD50.1 million from USD37.0 million a year prior due to higher gold production and a higher gold price. Pretax profit multiplies to USD15.5 million from USD1.5 million. Basic earnings per share are USD0.43 compared with losses per share of USD0.01. Profit receives boost from 7.7% drop in all-in sustaining cost to USD1,253 per ounce from USD1,357 per ounce before. This reflects lower on-mine cost per ounce offset by higher sustaining capital expenditure and increased administrative expenses. Declares dividend of US 14 cents for the quarter, unchanged from the first quarter. Read More
