Caledonia Mining (CMCL)

Business description

Caledonia Mining mines gold at its main operating asset, the 49%-owned Blanket gold mine in southern Zimbabwe. It is also progressing its understanding of a number of promising satellite projects close to Blanket.

Stock data

Market cap.£74.2m
Last close142.00p
High / Low (52 weeks)142.0p / 38.0p
Stock market listingLN, CN
Forecast net cash (C$m)12.4
Forecast gearing ratio (%)N/A
TeamResources - Mining

Price performance

Relative *10.057.7214.2

* % Relative to local index

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Company news

Q&A with Mark Learmonth CFO at Caledonia Mining Corporation Plc COM SHS NPV (DI)

Mon, 10 Oct 2016 06:45:00 GMT

Caledonia Mining Corporation Plc Q3 2016 Production Update & New Ball Mill ...

Wed, 05 Oct 2016 06:08:05 GMT

Caledonia Mining Corporation Plc declares its twelfth quarterly dividend

Tue, 04 Oct 2016 06:38:11 GMT

Rating Sentiment Alert: Analysts take a look at CALEDONIA MINING CORPORATION ...

Fri, 21 Oct 2016 15:52:39 GMT

Investment summary

Production at the Blanket gold mine continues to perform in line with expectations and remains on track to achieve 50koz of gold for 2016. Alongside gold production, Caledonia is also steadily progressing Blanket’s ramp up to c 80koz by 2021 by implementing a series of planned mine expansions. To this end, a new ball mill has been installed, which will lift throughput capacity at Blanket by 20%, from 1,500tpd to 1,800tpd. Based on this announcement, we retain our 2016 forecasts published August.

Last updated on 05/10/2016

Y/E Dec Revenue (C$m) EBITDA (C$m) PBT (C$m) EPS (c) P/E (x) P/CF (x)
2014A 53.5 14.7 11.0 10.4 23.0 8.1
2015A 49.0 9.0 5.1 8.1 29.6 15.0
2016E 60.4 19.5 16.0 23.5 10.2 6.5
2017E 87.2 40.3 36.7 46.8 5.1 3.3

Last updated on 24/08/2016

Latest video

Executive Interview - Caledonia Mining

Industry outlook

Our previous £1.59 valuation improves 10% to £1.74 on adjustment for CMCL's H116 results and a post-Brexit US$/£ forex rate of 1.30 (vs 1.41 previously).

Last updated on 01/09/2016

Key management

Carl Jonsson, Chairman
Stefan Hayden, CEO
Steve Curtis, CFO
Maurice Mason , Head of IR

Company address

Suite 4009
1 King Street West
M5H 1A1
+1 (416) 369-9835
View website