Caledonia Mining (CMCL)

Business description

Caledonia Mining mines gold at its main operating asset, the 49%-owned Blanket gold mine, in southern Zimbabwe.

Share price chart

Share chart

Stock data

Market cap.£20.6m
Last close39.50p
High / Low (52 weeks)61.0p / 35.5p
Stock market listingLN, CN
Forecast net cash (C$m)21.8
Forecast gearing ratio (%)N/A
TeamResources - Mining
SectorMining

Price performance

%1m3m12m
Actual(24.8)(7.1)(33.6)
Relative *(26.1)(3.9)(34.1)

* % Relative to local index

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Company news

Caledonia Mining Corporation: Q2 2015 Production Update

Mon, 06 Jul 2015 06:00:00 GMT

Caledonia Mining Corporation: Increase and Upgrade to Resource Base at the ...

Tue, 19 May 2015 06:00:00 GMT

Caledonia Mining Corporation: Major Shareholder Notification

Thu, 30 Apr 2015 16:30:00 GMT

Caledonia Mining Corporation - Buy – A robust company with prospects

Mon, 27 Jul 2015 07:18:45 GMT

Caledonia Mining Corporation 121.7% Potential Upside Indicated by Sanlam ...

Wed, 13 May 2015 09:07:34 GMT

Investment summary

Caledonia provided an update on its Revised Investment Plan on 18 June 2015. The tramming loop (adding greater haulage capacity from mid-2015 resulting in increased gold production towards year end) has been completed ahead of schedule. The No. 6 Winze has also been completed and is currently being fitted out with all service and haulage equipment - due to finish by end July. Thereafter, development laterally towards two main resource bodies will commence. The No. 6 Winze will add reserve-based production from early 2016. The third and largest infrastructure element currently under construction is the Central Shaft. Surface earthworks have been completed and the shaft sunk to eight metres depth (planned shaft depth: 1,080m).

Last updated on 29/06/2015

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 4.3 1.8
2014A 59.1 16.3 12.2 7.5 10.5 2.2
2015E 66.6 18.8 14.3 19.5 4.0 2.4
2016E 83.2 30.7 26.2 34.0 2.3 1.4

Last updated on 23/06/2015

Latest video

Executive Interview - Caledonia Mining

Industry outlook

Financial results for Q215 and H115 are due in August 2015. Gold currently trades c US$1,180/oz.

Last updated on 29/06/2015

Key management

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

Company address

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