Slide 1: Q2 2024 Results Presentation
Q2 2024 Results Presentation
Slide 2: Disclaimer and forward-looking statements
Disclaimer and forward-looking statements 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 PLC (“CALEDONIA”), NOR SHALL IT (OR ANY PART OF IT) OR THE FACT OF IT
Slide 3: Overview
Overview . • Strong quarter: gross profit more than doubles due to increased production, higher gold price and lower production costs. • 20,773 ounces of gold were produced from Blanket in the Quarter (17,436 ounces produced in Q2 2023). • Publication of PEA at Bilboes Sulphide Project: o 1.5 millio
Slide 4: Results
Results Summary 3 months ended June 30 6 months ended June 30 Q2 Q2 Change Q2 Q2 Change 2024 2023 (%) 2024 2023 (%) Safety incidents 15 14 7% 25 26 (4%) Production (ounces) 21,174 18,512 14% 38,650 34,653 12% Average gold price ($ per ounce)1 2,300 1,949 18% 2,179 1,909 14% Revenue ($’m) 50,107 37,0
Slide 5: Operations - Blanket
Review of Operations - Blanket Tonnes Milled & Grade (2012 – Q2 2024) 5.5 200,000 Tonnes Milled (t) Head grade (g/t) 4.5 150,000 3.5 100,000 2.5 1.5 50,000 Q3 Q1 Q4 Q1 Q2 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Slide 6: Review of Results: Profit or loss
Review of Results Profit or loss Blanket Bilboes oxide Corporate Consolidated Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Change ($’m) 2024 2023 2024 2023 2024 2023 2024 2023 (%) 35% more ounces sold; 14.7% increase in the average Revenue 49.2 34.9 0.9 2.1 - - 50.1 37.0 35.4% realised gold price and 18% increase in the
Slide 7: Profit or loss for Quarter (Continued)
Review of Results Profit or loss for Quarter 2 (Continued) Blanket Bilboes oxide Corprate Consolidated ($’m) Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Change (%) 2024 2023 2024 2023 2024 2023 2024 2023 Gross profit 22.6 13.2 - (2.2) 0.3 (0.1) 22.9 10.9 110.1% Other costs lower by $1.6 million due to the replacement o
Slide 8: Production costs per ounce sold
Review of Results Production costs per ounce sold 3 months ended June 30 6 months ended June 30 ($’m) Q2 Q2 Change Q2 Q2 Change 2024 2023 (%) 2024 2023 (%) Blanket 906 915 (1%) 947 951 (0.4%) Above-budget gold production resulted in higher Wages and salaries 370 349 6% 377 371 1.6% production bonuse
Slide 9: Production cost per ounce - Consolidated
Review of Results Production cost per ounce - Consolidated • Guidance maintained at a Blanket on-mine cost of $870-$970 per ounce and an AISC of $1,370 - $1,470 per ounce for the full year. • On-mine cost per ounce decreased on a consolidated basis due to Bilboes oxide placed on care and maintenance
Slide 10: Administrative expenses
Review of Results Administrative expenses 6 months ended June 30 ($’000's) Q2 Q2 Change (%) 2024 2023 Investor relations 237 322 (26.4%) Audit fee 134 139 (3.6%) $3.1m decrease vs comparable quarter due to the once off Advisory service fees 782 3,823 (79.5%) Bilboes acquisition advisory fees incurre
Slide 11: Cash
Review of Results Cash Cash generated from operations before working capital changes Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 ($’000) 2022 2022 2022 2022 2023 2023 2023 2023 2024 2024 Operating cashflow 13,470 13,499 13,731 7,099 51 4,865 16,303 7,327 10,508 19,778 • Cash generated from operations before worki
Slide 12: Outlook
Outlook The immediate strategic focus is to: • Maintain production at Blanket at the targeted range of 74,000 to 78,000 ounces for 2024 and at a similar level for 2025; • Complete the Caledonia feasibility study on the Bilboes sulphide project, evaluate funding solution and commence development of t
Slide 13: Contacts
Contacts WEBSITE: www.caledoniamining.com NORTH AMERICA IR: 3PPB LLC Patrick Chidley Paul Durham TWITTER: @CaledoniaMining Tel: +1 917 991 7701 Tel: +1 203 940 2538 SHARE CODES: NYSE American / AIM / VFEX – CMCL AIM BROKER/NOMAD: CAVENDISH CAPITAL MARKETS Adrian Hadden | Tel: +44 207 220 1751 Email:
Slide 14: Thank You
Thank You 14