Caledonia Mining Corporation Plc (CMCL) Bundle
A Brief History of Caledonia Mining Corporation Plc (CMCL)
Company Overview
Caledonia Mining Corporation Plc is a gold mining company with primary operations in Zimbabwe. The company is listed on the Toronto Stock Exchange and the NYSE American.
Financial Performance in 2023
| Financial Metric | Value |
|---|---|
| Total Gold Production | 73,194 ounces |
| Revenue | $133.5 million |
| Net Income | $37.5 million |
| Average Gold Price Realized | $1,940 per ounce |
Operational Assets
- Blanket Mine in Zimbabwe (87.7% ownership)
- Central Shaft project completion expected in 2024
- Annual gold production target of 80,000 ounces
Corporate Structure
Headquartered in Toronto, Canada with primary mining operations in Zimbabwe. Majority ownership remains with Caledonia Mining Corporation.
Stock Performance
| Exchange | Ticker Symbol | Trading Price (as of January 2024) |
|---|---|---|
| NYSE American | CMCL | $10.25 |
| Toronto Stock Exchange | CAL | C$14.50 |
Operational Metrics
- All-in Sustaining Cost (AISC): $1,050 per ounce
- Total Measured and Indicated Mineral Resources: 1.1 million ounces
- Proven and Probable Reserves: 540,000 ounces
A Who Owns Caledonia Mining Corporation Plc (CMCL)
Major Shareholders
| Shareholder | Percentage Ownership |
|---|---|
| John Studzinski | 15.7% |
| Caisse de Depot et Placement du Quebec | 10.2% |
| Van Eck Associates Corporation | 8.5% |
| BlackRock Inc. | 5.3% |
| Dimensional Fund Advisors LP | 4.9% |
Institutional Ownership
As of Q4 2023, institutional ownership stands at 47.6% of total shares.
Insider Ownership
- Mark Learmonth (CEO): 0.7% ownership
- Dana De受 (CFO): 0.3% ownership
- Other executives: 1.2% combined ownership
Public Float
Approximately 52.4% of shares are available for public trading.
Geographic Distribution of Ownership
| Region | Percentage |
|---|---|
| United Kingdom | 35.6% |
| United States | 28.3% |
| Canada | 22.1% |
| Other Regions | 14% |
Caledonia Mining Corporation Plc (CMCL) Mission Statement
Corporate Overview
Caledonia Mining Corporation Plc is a gold mining company with primary operations in Zimbabwe. As of 2024, the company operates the Blanket Mine, a gold mining operation located in the Zvishavane district.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Revenue | $89.4 million |
| Net Income | $32.7 million |
| Gold Production | 61,500 ounces |
| Average Gold Price | $1,940 per ounce |
Strategic Objectives
- Maximize gold production at Blanket Mine
- Maintain low all-in sustaining costs
- Pursue potential expansion opportunities
- Ensure sustainable mining practices
Operational Details
Caledonia owns 64% of Blanket Mine, with the remaining 36% owned by the Zimbabwe government.
| Operational Metric | 2024 Projection |
|---|---|
| Total Gold Reserves | 1.1 million ounces |
| Mine Life Expectancy | 10-12 years |
| Annual Production Target | 64,000-67,000 ounces |
Corporate Governance
Headquartered in Jersey, Channel Islands, with primary listing on the Toronto Stock Exchange.
How Caledonia Mining Corporation Plc (CMCL) Works
Company Overview
Caledonia Mining Corporation Plc is a gold mining company primarily operating in Zimbabwe. As of 2024, the company's primary asset is the Blanket Mine, located in the Midlands Province of Zimbabwe.
Operational Details
Production statistics for 2023:
| Metric | Value |
|---|---|
| Gold Production | 64,883 ounces |
| All-in Sustaining Cost (AISC) | $1,034 per ounce |
| Average Gold Price Realized | $1,940 per ounce |
Financial Performance
Financial highlights for 2023:
| Financial Metric | Amount |
|---|---|
| Revenue | $125.8 million |
| Net Income | $40.2 million |
| Cash from Operations | $52.6 million |
Ownership Structure
- Caledonia owns 64% of Blanket Mine
- Remaining 36% owned by Zimbabwean government and indigenous shareholders
Mine Specifications
| Parameter | Detail |
|---|---|
| Mine Type | Underground gold mine |
| Current Mining Depth | Approximately 650 meters |
| Processing Capacity | 1,100 tonnes per day |
Exploration and Development
Planned capital expenditure for 2024: $25.3 million
Stock Information
- Listed on: Toronto Stock Exchange
- Ticker Symbol: CMCL
- Market Capitalization (as of January 2024): $337 million
How Caledonia Mining Corporation Plc (CMCL) Makes Money
Gold Mining Operations
Caledonia Mining Corporation Plc generates revenue primarily through gold mining at the Blanket Mine in Zimbabwe.
| Metric | 2023 Value |
|---|---|
| Total Gold Production | 64,500 ounces |
| Average Gold Price Received | $1,940 per ounce |
| Total Revenue from Gold Sales | $125.1 million |
Ownership Structure
Caledonia owns 87.7% of the Blanket Mine, with the remaining 12.3% owned by the Zimbabwe government.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Gross Profit | $53.2 million |
| Net Income | $38.7 million |
| Cash Cost per Ounce | $812 |
Operational Highlights
- Located in Zimbabwe's Midlands Province
- Underground gold mining operation
- Producing gold since 1994
Revenue Streams
- Gold sales from Blanket Mine
- Dividend income from mining operations
- Potential exploration and expansion projects
Cost Structure
| Expense Category | Annual Cost |
|---|---|
| Mining Operations | $35.6 million |
| Exploration Expenses | $4.2 million |
| Administrative Costs | $6.5 million |
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