Caledonia Mining (CMCL)

📣 Quarterly dividend declared We are pleased to announce that the board of directors has declared a quarterly dividend of US$14 cents. Find out more: https://lnkd.in/eEKadXav #CMCL #Dividends 

We are currently in the process of constructing a new tailings storage facility, which will operate for the next 20 years. The TSF footprint area is 65Ha, and the planned solids to be deposited are 14.4m tonnes. Construction is being undertaken in Phases, with Phase 1A, and the first slurry line completed and commissioned in October 2023. Phase 1B and the second slurry line will be completed in 2024, with Phase 2 and final commissioning in 2025. The TSF has been classified as Type 3 waste (SANS 10286), and a barrier system of a 1.5mm HDPE geomembrane placed over a 300mm compacted clay liner has been installed. Check out some of the latest photos 📸👇 #CMCL #Mining #Gold

A fantastic morning with the team last week at the New York Stock Exchange, where 95% of our shares are traded.    You can find out more about us on our website: https://lnkd.in/esqwtsxP   #CMCL #NYSE NYSE

Caledonia Mining recently featured in an Investors' Chronicle article, detailing how investors can take advantage of the current gold market.   Find out more: 👉 https://lnkd.in/eyvp-nd8   #CMCL #GoldMining

Investor presentation to discuss the Bilboes PEA is available on the company website and YouTube channel https://lnkd.in/e8BgMe6W

Bilboes corporate video now available on website. Company recently announced PEA on chosen development approach for the project. https://lnkd.in/epSizSgE

“We've been working hard to commercialise the property with a simple view to maximise the uplift in NPV per Caledonia share” Says CEO Mark Learmonth in an interview with Proactive. 🎥 https://lnkd.in/e4gXtPve #CMCL #MiningNews #GoldMining

Caledonia will shortly be filing a preliminary economic assessment in accordance with Canada’s National Instrument 43-101 - Standards of Disclosure for Mineral Projects for a single-phase development of the Bilboes sulphide gold project Highlights of the PEA. The publication of the PEA will follow the Company’s decision to advance the Project to the execution stage in a single-phase development instead of multiple phases. This decision followed an evaluation of different development options, revealing that the single-phase approach is expected to yield superior returns. ·            Publication of PEA for a single-phase development of the Project. ·            Single-phase development is expected to provide improved cash generation allowing for a lower cost of capital due to enhanced debt financing capacity than phased development alternatives. ·            Project to yield approximately 1.5 million ounces of gold (based on measured and indicated mineral resources) over an initial 10-year life of mine at an all-in sustaining cost of $968 per ounce.  See below for mineral resource table. (Note that mineral resources are not mineral reserves and have no demonstrated economic viability.) ·            Payback period of 1.9 years at a gold price of $1,884 per ounce. ·            New single-phase feasibility study commissioned (the “New Feasibility Study”) that is expected to be delivered during the first half of 2025.  ·            Funding solutions being progressed in tandem with work on the New Feasibility Study. 

We’re headed to the 121 Group’s Investor Conference next week in New York on the 3rd and 4th of June to meet with investors and analysts.    Register for meetings and find out more: https://lnkd.in/eyAEXGbw   #121Group #MiningIndustry #Investment

CEO Mark Learmonth presented at the Joburg Indaba , highlighting our clear multi-asset development strategy, alongside Bernard Swanepoel.   #CMCL #JuniorIndaba #Mining