Caledonia Mining
Primary ticker: NYSE:CMCL, AIM:CMCL, VFEX:CMCL
Stage of development: Exploration, 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 75-80,000 ounces a year.
The Company pays a quarterly dividend of 14 cents a share which is a yield of around around 5%.
Caledonia is committed to evaluating investment opportunities in Zimbabwe; since November 2021 it has acquired Maligreen, Motapa and Bilboes.
Our vision is to become a multi asset gold producer.
Major shareholders:
Shining Capital – 10.02%
Allan Gray – 9.74%
BlackRock – 4.73%
Baker Steel Resources Trust – 4.17%
Fremiro Investments – 3.79%
Management Ownership – 16%
Financials
Management Profile
Mark Learmonth – CEO
Mark joined Caledonia in July 2008. Prior to this, he was division director of Investment Banking at Macquarie First South in South Africa, and has over 17 years’ experience in corporate finance and investment banking.
Mark graduated from Oxford University and is a chartered accountant.
What is your rationale for taking part in 121 Mining Investment?
We are looking to meet investors who might be interested in helping us develop Bilboes and Motapa
What recent news would you like to highlight to investors attending?
Strong Q1 Production
Quarterly dividend
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Continue target of 75-78,000koz of gold from Blanket mine
Complete the Feasibility study for Bilboes
Continue exploration at Blanket
6 Months:
Look the be best way to start developing the Bilboes project
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
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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 5%