Caledonia Mining (CMCL)

We will attend the @Precious Metals Summit Conferences, LLC in Beaver Creek next week from September 10 – 13. To set up meetings, contact us 👉 https://lnkd.in/eGbdcfjC We look forward to seeing you there! #PreciousMetals #Mining 

Since the "IPO of gold" in 1971, gold has averaged a 10% annual increase and a 7.8% CAGR. Last year, it reached an all-time high average of $1,942, and this year's average is $2,139. Find out more about our investment case https://lnkd.in/e5s2CRzq #CMCL #Gold #Investment @Incrementum AG @In Gold We Trust Report

As a responsible corporate citizen and gold miner, Caledonia Mining is aware that our job extends beyond simply extracting ore from the ground and transforming it into gold. Some of our 2023 ESG highlights included: ✅$1.5m invested in community development during the year ✅92% of suppliers are Zimbabwean companies   ✅$450,000 dividend paid to the local community trust shareholder Find out more: https://lnkd.in/egxU72Y4 #CMCL #ESG

📌Q2 2024 results📌 💰Gross revenue of $50.1m ($37m in Q2 2023) 📈Gross profit of $22.9m ($10.9m in Q2 2023) ⛏️20,773 oz of gold produced at Blanket (17,436 oz in Q2 2023) 💵Dividend of 14 cents per share was paid in April 2024 (for Q1 2024) and again in July 2024 (for Q2 2024) ✅ On track to achieve production at Blanket within pre-disclosed guidance range of 74,000 to 78,000 oz for 2024 Full details of our Q2 Results👉 https://lnkd.in/eDcnfT7h   To register for our online investor presentation today at 2pm BST: https://lnkd.in/e27amSFm #CMCL #MiningNews #GoldMining 

📌 Notice of results and investor presentation   We expect to publish our operating and financial results for Q2 2024 on Monday August 12 2024, with an investor presentation the same day at 2pm BST (9am EDT / 3pm CAT)   ✍️Register for the webinar: https://lnkd.in/e27amSFm   #CMCL

In our latest data-driven ESG report, Caledonia’s head of ESG, Colleen Parkins, explains how our solar plant reduced diesel consumption by 62% at Blanket Mine. 🎥 https://lnkd.in/eJCNF-aN  #CMCL #ESG 

Our 2023 ESG Report is now available, with our sustainability reporting now aligned to the Global Reporting Initiative and the Sustainability Accounting Standards Board🌱 CEO Mark Learmonth commented: “A major operational highlight in 2023 was the substantial 14% reduction in Scope 1 and 2 greenhouse gas emissions; this was made possible following the installation of our 12.2 MWac solar plant, which has decreased our reliance on both the local grid and diesel generators.” View our full report: https://lnkd.in/ehCU5wAP #CMCL #ESG 

Congratulations to Caxton Mangezi on his retirement after 55 years of service at Blanket Mine🎉 During Caxton’s stewardship Blanket completed a number of major milestones: ⛏️Produced over 1m oz of gold which represents an outstanding contribution to all stakeholders ⛏️Blanket emerged as one of Zimbabwe’s largest and most reliable large-scale gold producers, which now employs over 2,000 people 📈Blanket increased its production from 20,000 oz in 1993 to over 80,000 oz in 2022 ⚒️The successful implementation of the Central Shaft project, completed in 2021, which involved sinking a new shaft from the surface to 1,204m. CEO Mark Learmonth commented: “On behalf of Caledonia, I thank Caxton for his outstanding contribution to the success of Blanket Mine over many decades. It has been an enormous privilege to work with him. I am very pleased he has agreed to remain a consultant to the company, where we can continue to benefit from his experience and insight. “In addition to his role at Blanket, I would also like to recognise his important position in the Zimbabwe mining industry in which he commands deep and wide respect for his achievements over a long and distinguished career. “Along with my colleagues - past and current - I wish him a long and happy retirement.”

📣 Quarterly dividend declared We are pleased to announce that the board of directors has declared a quarterly dividend of US$14 cents. Find out more: https://lnkd.in/eEKadXav #CMCL #Dividends 

We are currently in the process of constructing a new tailings storage facility, which will operate for the next 20 years. The TSF footprint area is 65Ha, and the planned solids to be deposited are 14.4m tonnes. Construction is being undertaken in Phases, with Phase 1A, and the first slurry line completed and commissioned in October 2023. Phase 1B and the second slurry line will be completed in 2024, with Phase 2 and final commissioning in 2025. The TSF has been classified as Type 3 waste (SANS 10286), and a barrier system of a 1.5mm HDPE geomembrane placed over a 300mm compacted clay liner has been installed. Check out some of the latest photos 📸👇 #CMCL #Mining #Gold