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.

Share price chart

Share chart

Stock data

Market cap.£22m
Last close41.50p
High / Low (52 weeks)53.0p / 35.5p
Stock market listingLN, CN
Forecast net cash (C$m)18.3
Forecast gearing ratio (%)N/A
TeamResources - Mining

Price performance

Relative *

* % Relative to local index

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Company news

Caledonia Mining Corporation: Results for the Third Quarter of 2015

Thu, 12 Nov 2015 06:56:15 GMT

Caledonia Mining Corporation Q3 2015 Production Update

Mon, 12 Oct 2015 08:37:30 GMT

Caledonia Mining Corporation (LON:CMCL) Stock Rating Reiterated at WH Ireland ...

Thu, 12 Nov 2015 20:56:46 GMT

Caledonia Mining Corporation Mark Learmonth steps up as CFO

Mon, 10 Aug 2015 07:23:13 GMT

Caledonia Mining Corporation: Revised Investment Plan and Production ...

Mon, 03 Nov 2014 06:56:15 GMT

Investment summary

Caledonia’s Q315 results indicate continuing steady progress in implementing its revised investment plan (RIP), with year-to-date gold production of 31.3koz making its FY15 guidance of 42koz of gold look eminently achievable. In US dollar terms, on-mine costs remained stable q o-q. Increased capex in Q3 reflects adherence to the RIP as well as normal run-of-mine equipment purchases. Accounting for the lower gold price environment, Caledonia will inject US$5m of its own treasury in FY16 to support implementation of the RIP, as well as to continue quarterly dividend payments.

Last updated on 24/11/2015

Y/E Dec Revenue (C$m) EBITDA (C$m) PBT (C$m) EPS (fd) (c) P/E (x) P/CF (x)
2013A 65.1 25.3 21.9 18.2 4.6 1.9
2014A 59.1 16.3 12.2 7.5 11.2 2.3
2015E 64.5 13.3 8.5 11.1 7.6 3.1
2016E 78.8 25.5 20.6 30.2 2.8 1.8

Last updated on 24/11/2015

Latest video

Executive Interview - Caledonia Mining

Industry outlook

Work being undertaken to complete the Revised Investment Plan continues on plan and budget. The tramming loop, which has been completed slightly ahead of schedule (in June) and under budget, will now be used to alleviate previous bottlenecks around the No.4 shaft by doubling haulage capacity along the 22 level. The No. 6 Winze was also completed in June and will contribute to FY16 gold production. The Main Shaft, which will act as the primary haulage and access way once completed, is progressing as planned and is currently at the pre-sink stage, with the main sinking phase due to occur in January 2016.

Last updated on 03/11/2015

Key management

Carl Jonsson, Chairman
Stefan Hayden, CEO
Steve Curtis, CFO

Company address

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