Caledonia Mining
Primary ticker: NYSE:CMCL, AIM:CMCL, VFEX:CMCL
Stage of development: Exploration, Development, Production
Primary minerals: Gold
Project to promote: Blanket Mine, Bilboes and Motapa
Project location: Zimbabwe
Website: www.caledoniamining.com
Caledonia Mining is a gold producer and explorer with a strong growth profile, Caledonia’s primary asset is the Blanket Mine in Zimbabwe which produces 74-78,000 ounces a year.
The Company pays a quarterly dividend of 14 cents a share which is a yield of around around 3.7%.
Caledonia is committed to evaluating investment opportunities in Zimbabwe; since November 2021 it has acquired BIlboes, Motapa and Maligreen.
Our vision is to become a multi asset gold producer.
Major shareholders:
Shining Capital 10.02%
Allan Gray – 4.81%
BlackRock – 5.02%
Baker Steel Resources Trust – 4.17%
Fremiro Investments – 3.79%
Management Ownership – 16%
Financials
Management Profile
Maurice Mason, VP Corporate Development
Maurice is is an engineer with an MBA from Henley Reading University. Before Joining Caledonia, Maurice was a securities analyst at Stifel, a US investment bank, where he focused on the mining sector.
Prior to working as a securities analyst Maurice worked for 6 years with Anglo American in their Platinum and Coal operations based in both the Johannesburg and London offices.
Maurice is based in London.
What is your rationale for taking part in 121 Mining Investment?
We are looking to meet investors who can support us in the funding for the development of the Bilboes Sulphide project.
What recent news would you like to highlight to investors attending?
Preliminary economic assessment on chosen approach to develop the Bilboes sulphide gold project
Increases in mineral resources and mineral reserves estimates at Blanket Mine
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Continue target of 74-78,000koz of gold from Blanket mine
Complete the Feasibility study for Bilboes
Continue exploration at Blanket
6 Months:
Funding for the development of the Bilboes project
What do you think makes your company such a compelling investment?
Huge growth potential of the company
What are the top 3 key investor takeaways?
Huge growth potential from Bilboes and Motapa
Steady production from Blanket mine
Quarterly dividend – with current yield of 3.7%