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.£54m
Last close103.50p
High / Low (52 weeks)107.5p / 38.0p
Stock market listingLN, CN
Forecast net cash (C$m)12.4
Forecast gearing ratio (%)N/A
TeamResources - Mining
SectorMining

Price performance

%1m3m12m
Actual19.761.7158.8
Relative *17.149.9132.9

* % Relative to local index

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Company news

Q&A with Caledonia Mining Corporation PLC COM SHS NPV (DI): New Increased Dividend

Thu, 07 Jul 2016 08:24:48 GMT

How Many CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI) (LON:CMCL)'s ...

Sun, 28 Aug 2016 19:52:30 GMT

Caledonia Mining Corporation Plc Quantity & Grade slightly Higher

Mon, 11 Jul 2016 06:18:20 GMT

Caledonia Mining Corporation Higher production Increased Dividends

Wed, 06 Jul 2016 06:35:38 GMT

Caledonia Mining Corporation Plc Significant Increase in New Inferred Resources

Thu, 28 Jul 2016 06:20:00 GMT

Investment summary

Caledonia’s interim results demonstrate improved financials due not only to the higher gold price, but also the effects of successfully implementing its Revised Investment Plan (RIP), including a higher gold grade from below the 750m level. Cash is starting to build again after a period of reduction due to RIP implementation and a weak H116 gold price.

Last updated on 15/08/2016

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 17.0 5.9
2015A 49.0 9.0 5.1 8.1 21.8 11.0
2016E 60.4 19.5 16.0 23.5 7.5 4.8
2017E 87.2 40.3 36.7 46.8 3.8 2.4

Last updated on 15/08/2016

Latest video

Executive Interview - Caledonia Mining

Industry outlook

In Q116 Blanket produced 10,822oz (Q115: 9,960oz) Au at an all-in sustaining cost of production of US$950/oz (Q115: US$985/oz), gross profit for Q116 was US$3.9m and NPAT US$0.5m. CMCL recorded a 31% increase in cash from operating activities US$1.7m (Q115: US$1.3m).

Last updated on 02/08/2016

Key management

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

Company address

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