Slide 1: Full Year and Q4 2024 Results Presentation
Full Year and Q4 2024 Results Presentation
Slide 2: Disclaimer and Forward-Looking Statements
Disclaimer and Forward-Looking Statements This presentation has been prepared solely for information and does purport to contain all of the information that may be necessary or desirable to fully and accurately evaluate Caledonia Mining Corporation Plc (“Caledonia” or “the Company”) or its business
Slide 3: Today's presenting team
Today’s presenting team Victor Gapare Mark Learmonth James Mufara Executive Director Chief Executive Officer Chief Operating Officer NYSE/AIM/VFEX: CMCL 3
Slide 4: Summary
Summary • Record gross profit of $76.99 million, up 86% from 2023 (2023: $41.48million) +86% Gross Profit • Net attributable profit of $17.90 million, (2023: loss of $7.86 million) • Stronger operating cash flow of $41.96 million (2023:$14.77million) • Production at Blanket: 76,656 ounces, within gu
Slide 5: Delay in Publication
Delay in Publication • Publication delayed from 24 March to 31 March to allow for evaluation of an accounting issue identified in the 2024 audit. • Issue relates to the calculation of deferred tax for the year to December 31, 2019 and subsequent years following the introduction of the multi-currency
Slide 6: Results
Results Summary 3 months ended December 31 12 months ended December 31 Q4 Q4 Change Q4 Q4 Change 2024 2023 (%) 2024 2023 (%) Safety - Blanket TIFR 0.4 0.4 n/a 0.88 0.96 -8% Production (ounces) 20,248 20,878 -3% 78,301 78,466 0% Average gold price ($/oz)1 2,618 1,922 36% 2,347 1,910 23% Revenue ($’m)
Slide 7: Operations - Blanket
Review of Operations - Blanket Tonnes 5.5 Milled & Grade (2012 – Q4 2024) 200,000 4.5 Tonnes Milled (t) Head grade (g/t) 150,000 3.5 100,000 2.5 1.5 50,000 Q1 Q3 Q2 Q1 Q1 Q2 Q3 Q4 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q4 Q1 Q2 Q3 Q4 Q1 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Slide 8: Results: Profit or loss for Quarter
Review of Results Profit or loss for Quarter 4 Blanket Bilboes oxide Other1 Consolidated Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Change ($’m) 2024 2023 2024 2023 2024 2023 2024 2023 (%) Revenue 46.5 37.5 1.0 1.2 - - 47.5 38.7 23% $47.5m Revenue Royalty (2.4) (1.9) (0.0) (0.1) - - (2.4) (2.0) 20% Production costs (1
Slide 9: Results: Production costs per ounce
Review of Results Production costs per ounce consolidated Blanket on-mine cost Blanket AISC $1,050 - $1,150 $1,690 - $1,790 NYSE/AIM/VFEX: CMCL 9
Slide 10: Results: Profit or loss for Quarter (continued)
Review of Results Profit or loss for Quarter 4 (continued) Blanket Bilboes oxide Other1 Consolidated ($’m) Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Change 2024 2023 2024 2023 2024 2023 2024 2023 (%) Gross profit 20.4 11.6 - (1.1) 0.5 0.1 20.9 10.6 97% Net foreign exchange losses (0.6) (0.5) 0.1 0.2 0.9 (0.2) 0.4 (0.
Slide 11: Results: Quarterly Gross Profit 2022 - 2024
Review of Results Quarterly Gross Profit 2022 - 2024 BLANKET 2022 2023 2024 (
Caledonia Mining — Q4 2024 Earnings Presentation | 6ix
m) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Gross profit 17.0 18.2 15.3 11.1 8.9 13.1 15.3 11.6 13.3 22.7 19.7 20.4 BILBOES 2023 2024 (
Caledonia Mining — Q4 2024 Earnings Presentation | 6ix
m) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Gross profit (3.2) (2.1) (1.3) (1.1) 0.0 0.0 0.0 0.0 NYSE/AIM/Slide 12: Results: Cashflow
Review of Results Cashflow ($‘m) 3 months ended Dec 31 12 months ended Dec 31 Q4 Q4 FY FY 2024 2023 2024 2023 Cash from operations before working capital 19.0 7.3 65.5 28.5 Inventories (1.5) (2.7) (3.8) (2.2) Prepayments (1.1) (2.9) (3.7) 0.3 Trade and other receivables (5.1) 1.6 (5.6) (1.9) Trade a
Slide 13: Cashflow: Quarterly Q1 2022-Q4 2024
Review of Results Cashflow: Quarterly Q1 2022-Q4 2024 Cash from operations before working capital 25,000 20,000 15,000 10,000 5,000 0 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 NYSE/AIM/VFEX: CMCL 13
Slide 14: Bilboes Feasibility Study Update
Bilboes Feasibility Study Update • Bilboes Feasibility Study progressing well with support from DRA and technical consultants • FS to supersede June 2024 PEA, which outlined potential to triple gold production • Project remains financeable and attractive in current gold price environment Extended Ti
Slide 15: Bilboes Funding Strategy and Next Steps
Bilboes Funding Strategy and Next Steps Objective: Maximise NPV per share while optimising project economics. • Optimise overall project economics • Maximise debt funding while maintaining financial prudence. • Minimise equity dilution – evaluate potential near-term revenue opportunities elsewhere i
Slide 16: Exploration
Exploration Motapa • 2024 Exploration focussed on three areas which have historically been commercially mined (Motapa North, Motapa Central and Motapa South) and one new area (Mapudzi). • 5,174 metres RC and 4,070 metres DD shows widespread gold mineralisation over 9km strike, with encouraging grade
Slide 17: Outlook
Outlook • Maintain stable production at Blanket • Investigate near-term growth opportunities • Advance the Bilboes sulphide feasibility study and “2024 was a year of significant securing funding for project development. progress for Caledonia, both financially and operationally…. • Further explorati
Slide 18: Any Questions?
Any Questions?