Caledonia Mining Non-GAAP EPS of $0.51, gross revenues of $50.11M; reaffirms FY24 guidance

Caledonia Mining press launch (NYSE:CMCL): Q2 Non-GAAP EPS of $0.51. Gross revenues of $50.11M (+35.3% Y/Y). EBITDA (excluding depreciation and web overseas trade good points and losses) of $22.5 million within the Quarter (Q2 2023: $9.6 million). 20,773 ounces of gold have been produced from Blanket (Q2 2023: 17,436 ounces). Blanket Mine on-mine price per ounce of $906 (Q2 2023: $915). Consolidated all-in sustaining price decreased by 7.7% to $1,253 per ounce (Q2 2023: $1,357 per ounce). Group web money influx from working actions of $19.1 million within the Quarter (Q2 2023: $2.2 million outflow). Internet money and money equivalents within the Quarter elevated by $12.8 million to detrimental $1.4 million.

Outlook

Caledonia is on observe to realize manufacturing at Blanket inside its pre-disclosed steering vary of 74,000 to 78,000 ounces for 20242. The group is progressing the brand new feasibility examine on the Bilboes Sulphide Venture, which is predicted to be delivered in the course of the first quarter of 2025. The Firm continues to progress exploration actions at Motapa.