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 Corporation Plc is a Zimbabwean focused exploration, development and mining corporation. Caledonia owns a 64% stake in the gold-producing Blanket Mine, 100% stakes in the Bilboes Sulphide Project and the Motapa and Maligreen gold mining claims, all situated in Zimbabwe.
After increasing the production at Blanket to 80,000oz in 2022 our main focus areas are to maintain production at around 74-78,000oz at Blanket, complete the Bilboes feasibility study and become a multi-asset gold producer in Zimbabwe.
The Company pays a quarterly dividend of 14 cents a share which is a yield of around around 3.3%.
Major shareholders:
Shining Capital 10.01%
Allan Gray – 5.75%
BlackRock – 5.00%
Baker Steel Resources Trust – 4.16%
Fremiro Investments – 3.78%
Management Ownership – 15.24%
Financials
Management Profile
Mark Learmonth, CEO
Mr Learmonth joined Caledonia in July 2008. Prior to this, he was a Division Director of Investment Banking at Macquarie First South in South Africa, and has over 17 years’ experience in corporate finance and investment banking, predominantly in the resources sector in Africa.
Mr Learmonth graduated from Oxford University and is a chartered accountant. Mr Learmonth is a member of the Executive Committee of the Chamber of Mines, Zimbabwe. Mr Learmonth was appointed Caledonia’s Chief Financial Officer in November 2014.
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?
$22.35m sale of 12.2MWac solar plant complted, unlocking capital for growth strategy
Bilboes Feasibility Study extended to fully explore several material optimisation opportunities that have the potential to enhance project economics and reduce upfront capital requirements.
Quarterly dividend paid
Solid production 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 and Motapa
12 Months:
Funding for the development of the Bilboes sulphide project
Exploration at Blanket and Motapa
What do you think makes your company such a compelling investment?
Huge growth potential of the company
Divided yield
Stable production from Blanket mine
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%