Caledonia Mining Corporation Plc (CMCL) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to the Q2 2025 results presentation for Caledonia mining. Today we are joined by Mark Lerman who is the CEO and he is going to introduce the webinar and start his presentation. Mark, over to you. Thank you Scott. So yeah, welcome to the Q2 2025 results presentation to Caledonia. Can we just move on to the forward-looking statement or disclaimer which I Trust you will read and digest. So it's two minutes on. Okay, let's move forward to the presenting team. As Scott said, I'm Mark Limon, Caledonia's CEO. I'm here in Jersey today, joined by Ross Gerrard, a recently joined CFO. He's in Johannesburg and will run us through the financial results. We've got James Mofara, Chief Operating Officer, who's joining us today from Blanket Mining. Victor Capari in France will briefly update us on the Bilbo's project. And Craig, Vice President Technical Services based in Johannesburg, will talk to us briefly about the ongoing exploration at Bilbo's. And Morris, Vice President Corporate Development and Investor Relations, will deal with any other tricky questions that may arise. So should we just move forward? Okay, well look, it was a very strong financial quarter, underpinned by excellent production. So the financials were strong, revenue up 30% to $65 million, and net profit attributable to shareholders was up by 147% to just over $20 million, and just earnings per share was up by 155%. On the figure, that was some very strong operating cash flows. Operating cash flows rose to $28 million and we closed the quarter with $8 million of net cash. In addition to that, we had another $18 million of fixed-term deposits. So if you would go on fixed-term deposits of cash, which that's what I do, that's about $26 million of cash. From an operating perspective, Blan...