Caledonia Mining reiterates 2024 production guidance
15th Oct 2024 17:25
(Alliance News) - Caledonia Mining Corp PLC reiterated its full year guidance on Tuesday following consistent gold production at Blanket mine in Zimbabwe. Read More
(Alliance News) - Caledonia Mining Corp PLC reiterated its full year guidance on Tuesday following consistent gold production at Blanket mine in Zimbabwe. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
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
(Alliance News) - Caledonia Mining Corp PLC on Wednesday said it expected gold production in 2024 to be similar to 2023, as output surged in the second quarter. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Caledonia Mining Corp PLC on Monday reaffirmed its production guidance for 2024, following a swing to profit in the first quarter thanks to rising revenue. Read More
(Alliance News) - Caledonia Mining Corp PLC on Wednesday hailed "robust production and increased gold sales" at one of its mining projects in Zimbabwe. Read More
(Alliance News) - Caledonia Mining Corp PLC on Monday named James Mufara as its new chief operating officer, effective from May 1. Read More
(Alliance News) - Caledonia Mining Corp PLC on Thursday reported a lower profit due to increased production costs. Read More
Caledonia Mining Corp PLC - gold producer whose main asset is the Blanket Mine in Zimbabwe - Former chief executive Steve Curtis steps down from non-executive director board role with effect next annual general meeting. Curtis had retired as CEO in June 2022. Tariro Gadzikwa joins board as independent non-executive director in an appointment that came to effect on Friday. Gadzikwa was formerly chief financial officer of Johannesburg-listed Efora Energy Ltd, an oil and gas firm with operations in southern Africa, Egypt, Nigeria and the Democratic Republic of Congo. Read More
(Alliance News) - Caledonia Mining Corp PLC on Monday said it will miss its annual profit expectations after facing higher operating expenses. Read More
Caledonia Mining Corp PLC - Zimbabwe-focused gold producer - Reports encouraging results from deep level drilling programme at Blanket Mine. Says a total of 7,652 metres of drilling from June to December indicates that the existing Blanket and Eroica ore bodies have grades and widths which are generally better than expected. Says total drilling for 2023 was 13,280 metres. Chief Executive Officer Mark Learmonth says: "Our ongoing drilling campaign continues to demonstrate encouraging results, further improving our confidence in the Blanket resource. We anticipate that the positive grades and widths will result in an increased overall resource, which in due course should result in the extension of the existing life of the mine. We have invested heavily in Blanket over the last seven years to increase production capacity, resulting in a mine infrastructure that can sustain production beyond the current production horizon." Read More
Caledonia Mining Corp PLC - Zimbabwe-focused gold producer - Says 2023 gold production at Blanket mine is in line with guidance at 75,416 ounces. Gold production for the fourth quarter of 2023 was 20,172 oz. Says 2024 gold production guidance for Blanket is 74,000 to 78,000oz. Anticipated group capital expenditure is USD34.4 million, which includes approximately USD20 million of sustaining investment and UAS14.4 million of expansion expenditure. On-mine costs are expected to be consistent with costs incurred in 2023, it adds. Read More
(Alliance News) - Caledonia Mining Corp PLC on Friday said Chief Operating Officer Dana Roets will step down in the new year, after 10 years at the company. Read More