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Stock impact report

Caledonia Mining Corporation Plc Trading update for the year ended December 31, 2023

Caledonia Mining Corporation Plc Common Shares (CMCL) 
NASDAQ:AMEX Investor Relations: caledoniamining.com
Company Research Source: GlobeNewswire
ST HELIER, Jersey, March 04, 2024 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (“Caledonia” or “the Company”) provides the following trading update for the year ended December 31, 2023. Caledonia reports that Blanket Mine has continued to perform well since the end of the quarter ended September 30, 2023 with full year production for 2023 of 75,416 ounces. As a result, the Company expects to report revenue for the full year in line with market expectations. However, increased operating costs for 2023 and several significant one-off, non-operating costs in the final quarter of the year have resulted in reduced profit for the full year. The increase in operating costs comprises of higher than expected overtime payments and power costs at Blanket Mine. In relation to non-operating costs, general and administrative costs rose with global inflation and these also included higher than expected staff termination costs. The Company also encountered higher financing costs, incl Show less Read more
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