Caledonia Mining Corporation Plc · AMEX:CMCL
Caledonia Mining — Q3 2014 Earnings Presentation
13 slides from Caledonia Mining's earnings presentation, November 2014
Slide 1: Third Quarter 2014 Results
Website: www.caledoniamining.com TSX: CAL. OTCQX: CALVF. AIM: CMCL. CALEDONIA MINING CORPORATION www.caledoniamining.com Third Quarter 2014 Results November 2014
Slide 2: Disclaimer
Website: www.caledoniamining.com TSX: CAL. OTCQX: CALVF. AIM: CMCL. Disclaimer This presentation does not constitute, or form part of, any offer to sell or issue or any solicitation of any offer to purchase or subscribe for, any shares in Caledonia Mining Corporation (“Caledonia”), nor shall it (or
Slide 3: Summary
Website: www.caledoniamining.com Summary TSX: CAL. OTCQX: CALVF. AIM: CMCL. 3 Months to 30 9 Months to 30 • Q3 2014 gold production lower than planned September September – On-track to achieve revised 2014 target 2013 2014 2013 2014 of 40,000 ounces Gold Produced (oz) 12,042 9,890 34,102 31,354 EBIT
Slide 4: Production
Website: www.caledoniamining.com Production TSX: CAL. OTCQX: CALVF. AIM: CMCL. • Lower production in Q3 due to lower achieved grade – Average achieved grade in Q3 was 3.34g/t – Tonnage remains at approx. 100,000 t – Recoveries remain high, notwithstanding the lower feed grade • Lower grades in Q3 du
Slide 5: Revised Investment Plan
Website: www.caledoniamining.com TSX: CAL. OTCQX: CALVF. AIM: CMCL. Revised Investment Plan Improved Logistics; Accelerate Access to Deeper Resources • L22 tramming capacity (waste and ore) currently 400tpd Increase o Increased development at the expense of production Underground Material • A new Tr
Slide 6: Revised Investment Plan
Website: www.caledoniamining.com Revised Investment Plan TSX: CAL. OTCQX: CALVF. AIM: CMCL. Proposed infrastructure Central Shaft No. 4 Shaft L22 Tramming Loop L22 750m 750m below below collar collar No. 6 Winze • No. 6 Winze allows early access to the Blanket zone below 750m • Tramming Loop allows
Slide 7: Open New Mining Areas below 750m
Website: www.caledoniamining.com TSX: CAL. OTCQX: CALVF. AIM: CMCL. Revised Investment Plan Open New Mining Areas below 750m Central Shaft No. 4 Shaft Lima L22 Tramming Loop L22 750m 750m below below collar collar 500t/d 800t/d 500t/d No. 6 Winze • Target production of 1,800tpd from below 750m by 20
Slide 8: Projected Production
Revised Investment Plan Projected Production • Projected production in terms of the revised Life of Mine Plan is set out below Blanket Mine - Projected Production 2015 2016 2017 2018 2019 2020 2021 Tonnes milled - Reserves above 750m 427 455 432 384 229 97 53 - Inferred resources below 750m 0 36 161
Slide 9: Costs
Website: www.caledoniamining.com Costs TSX: CAL. OTCQX: CALVF. AIM: CMCL. • On-mine cash costs and All-In sustaining costs increase in Q3 due to lower production ounces o Approximately 50% of Blanket’s on-mine costs and all of the head office G&A costs are fixed • Increased production from 2016 shou
Slide 10: Summary Profit and Loss
Website: www.caledoniamining.com TSX: CAL. OTCQX: CALVF. AIM: CMCL. Summary Profit and Loss Summary P&L • Revenues were lower in the Quarter and 9 3 Months to 30 9 Months to 30 months to September 30 2014 due to lower September September sales and the lower realised gold price 2013 2014 2013 2014 •
Slide 11: Summary Balance Sheet
Website: www.caledoniamining.com TSX: CAL. OTCQX: CALVF. AIM: CMCL. Summary Balance Sheet Summary Balance Sheet (C$'m) • Current assets stable 31 Dec 31 Mar 30 Jun 30 Sept 2013 2014 2014 2014 • Overdraft is unsecured, Zimbabwean facility Fixed Assets 33.4 36.2 35.3 37.4 undrawn Inventories 6.9 6.8 6
Slide 12: Summary Cash Flow
Website: www.caledoniamining.com TSX: CAL. OTCQX: CALVF. AIM: CMCL. Summary Cash Flow Summary Cash Flow (C$'m) • Operational cash flow remain strong, despite lower sales. 2013 2014 2014 2014 Year Q1 Q2 Q3 • Zimbabwean provisional quarterly Cash flow from operations 22.8 6.9 3.5 5.1 income taxation p
Slide 13: Contacts
Website: www.caledoniamining.com TSX: CAL. OTCQX: CALVF. AIM: CMCL. Contacts Caledonia Mining Website: www.caledoniamining.com Share Codes: TSX - CAL; OTCQX – CALVF; AIM - CMCL PR (UK): BlytheWeigh Stefan Hayden, President and CEO Tim Blythe, Halimah Hussain Tel: +27 11 447 2499 Tel +44 20 7138 3204