Caledonia Mining: Weak Production This Quarter (NYSE:CMCL)


Closeup of big gold nugget

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Introduction

Saint Helier, Jersey-based Caledonia Mining Corporation Plc (NYSE:CMCL) released its second-quarter results on August 10, 2023.

Caledonia’s primary asset is Blanket Mine, a gold mine in Zimbabwe. However, it also produces gold in the Bilboes mine.

The

CMCL 2Q22 3Q22 4Q22 1Q23 2Q23
Total Revenues $ million 36.99 35.84 34.18 29.44 37.03
Quarterly Earnings (excl. non-controlling %) $ million 11.38 8.61 -8.03 -5.03 -0.51
EBITDA $ million 18.87 16.90 -2.49 2.26 2.59
EPS (diluted) $ per share 0.88 0.65 -0.63 -0.30 -0.01
Operating Cash Flow $ million 16.72 8.92 6.82 -0.88 -2.23
CapEx in $ million 13.42 11.15 9.56 4.74 6.15
Free Cash flow 3.29 -2.23 -2.74 -5.61 -8.37
Total Cash in $ million 10.86 8.26 6.74 17.06 10.82
Total LT Debt in $ million 0.00 2.09 12.34 22.46 23.36
Dividend $/ share 0.14 0.14 0.14 0.14 0.14
Shares Outstanding (diluted) in million 12.93 13.25 12.06 16.77 19.19*
Gold Production 2Q22 3Q22 4Q22 1Q23 2Q23
Quarterly Production K Oz 20,091 21,120 21,049 16,141 17,436
Gold Price in $ 1,840 1,696 1,714 1,863 1,949
AISC in $ 984 944 964 1,412 1,357



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