Caledonia Mining drops as profit to miss expectations on higher costs
4th Mar 2024 11:48
(Alliance News) - Caledonia Mining Corp PLC on Monday said it will miss its annual profit expectations after facing higher operating expenses. 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
(Alliance News) - The following is a round-up of earning and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Caledonia Mining Corp PLC - Zimbabwe-focused gold producer - Third quarter gold production at Blanket mine grows 3.0% to 21,772 ounces from 21,120 ounces during the same period a year ago. In nine months to September 30, produces 55,244 ounces. Reiterates full-year gold production guidance of between 75,000 ounces and 80,000 ounces. Read More
Caledonia Mining Corp PLC - Zimbabwe-focused gold producer - Pretax profit in the second quarter to June 30 dives to USD1.5 million from USD18.7 million a year before. Revenue flat at USD37.0 million. Production costs increase 43% to USD20.7 million from USD14.5 million. Further, notes a net foreign exchange loss of USD3.6 million compared to a net foreign exchange gain of USD4.2 million a year before. Looking ahead, expects to complete the feasibility study on Bilboes sulphide project to determine the best implementation strategy and financing requirements. Read More
Caledonia Mining Corp PLC - Zimbabwe-focused gold producer - Says that an accident took place on Monday at the Blanket Mine in Zimbabwe, as a result of which one employee of GMG - a company contracted to Blanket Mine - succumbed to his injuries in hospital on Tuesday. Explains that the accident "related to the maintenance of trackless equipment", and adds further details cannot be released pending the outcome of an enquiry. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Caledonia Mining Corp PLC- Jersey-based, Zimbabwe-focused gold producer - Reports "encouraging" results from the ongoing underground drilling programme at Blanket mine, which is currently "targeting depth extensions to the Eroica ore body. Says about 5,600 metres of drilling have been completed between January and the end of May. Read More
(Alliance News) - Caledonia Mining Corp PLC on Monday said its revenue dropped in the first quarter of the year as production fell behind expectations. Read More
Caledonia Mining Corp PLC - Jersey-based gold producer focused on Zimbabwe - Non-Executive Chair Leigh Wilson retires, effective immediately, having served in the role since May 2013. Says it will announce a permanent successor after its annual general meeting on Tuesday next week, while Non-Executive Director John Kelly will act as interim chair in the intervening period. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Caledonia Mining Corp PLC said on Monday its quarterly gold production fell in light of mechanical and logistical issues. Read More
(Alliance News) - Caledonia Mining Corp PLC said on Friday it issued a further 1,814 shares in Zimbabwe placing. 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
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More