7Baggers

Caledonia Mining Corporation Plc
(NYSE MKT:CMCL) 

CMCL stock logo

Caledonia Mining Corporation Plc primarily engages in the operation of a gold mine. The company also explores for and develops mineral properties for precious metals. Its primary asset is the Blanket Mine, a gold mine located in Zimbabwe. The company was formerly known as Caledonia Mining Corporatio...

Founded: 1992
Sector: Basic Materials
Industry: Gold
Gold
Share this website to your friends
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2024-12-31 2024-09-30 2023-12-31 2021-12-31 2020-12-31 2015-12-31 2014-12-31 2011-09-30 2010-09-30 2009-11-12 2009-08-11 2009-04-06 2008-11-14 2008-08-14 
                  
      revenue
    		47,515,000 46,868,000    48,977,000 59,082,000 16,517,000       
      yoy
    		 -4.31%             
      qoq
    		1.38%     -17.10% 257.70%        
      royalty
    		-2,432,000 -2,422,000             
      production costs
    		-20,239,000 -21,085,000    -30,019,000 -30,812,000 5,763,000       
      depreciation
    		-3,915,000 -4,048,000    -3,322,000 -3,908,000 647,000       
      gross profit
    		20,929,000 19,313,000    13,181,000 20,473,000 9,364,000 2,878,000 1,802,000 881,000  302,000 1,526,000 
      yoy
    		 46.52%    631.47% 2223.84%  852.98% 18.09%     
      qoq
    		8.37%     -35.62% 118.64% 225.36% 59.71% 104.54%   -80.21%  
      gross margin %
    		44.05% 41.21%   NaN% 26.91% 34.65% 56.69% Infinity% Infinity% Infinity% NaN% Infinity% Infinity% 
      net foreign exchange loss
    		-2,320,500 -3,129,000             
      administrative expenses
    		-5,429,000 -3,954,000    -7,622,000 -8,157,000        
      net derivative financial instrument expense
    		-335,000 -20,000             
      equity-settled share-based expense
    		-269,000 -279,000             
      cash-settled share-based expense
    		278,000 -422,000             
      other incomes
    		-2,862,000 -2,814,000             
      other income
    		725,000 16,000    110,000 28,000        
      operating profit
    		12,597,000 8,711,000    8,495,000 13,324,000        
      yoy
    		 2.54%             
      qoq
    		44.61%     -36.24%         
      operating margin %
    		26.51% 18.59%   NaN% 17.34% 22.55% 0% NaN% NaN% NaN% NaN% NaN% NaN% 
      finance income
    		10,000 7,000    1,000 15,000 2,000       
      finance cost
    		-797,000 -831,000    -536,000 -170,000        
      profit before tax
    		11,810,000 7,887,000    7,960,000 13,169,000        
      tax expense
    		-5,208,000 -4,600,000    -2,370,000 -6,604,000        
      profit for the period
    		4,113,000 3,287,000      6,150,000       
      other comprehensive income
    		              
      items that are or may be reclassified to profit or loss
    		              
      exchange differences on translation of foreign operations
    		-779,000 629,000             
      total comprehensive income for the period
    		4,278,750 3,916,000      8,302,000       
      profit attributable to:
    		              
      owners of the company
    		5,072,000 2,267,000    4,779,000 4,897,000        
      non-controlling interests
    		1,530,000 1,020,000    811,000 1,668,000        
      total comprehensive income attributable to:
    		              
      earnings per share
    		              
      basic earnings per share
    		0.25 0.12      1.23       
      diluted earnings per share ()*
    		0.165 0.12             
      less: royalties
    		     -2,455,000         
      share-based payment expense
    		     -24,000         
      net foreign exchange gain
    		     2,850,000         
      impairment
    		      -196,000        
      net finance costs
    		     -535,000 -155,000        
      profit for the year
    		     5,590,000         
      foreign currency translation differences of foreign operations
    		     -3,291,000 3,848,000        
      tax on other comprehensive income
    		     199,000 122,000        
      total comprehensive income for the year
    		     2,498,000 10,535,000        
      basic earnings - per share
    		     0.09         
      diluted earnings - per share
    		     0.09         
      less: royalty
    		      -3,889,000 743,000       
      foreign exchange gain
    		      1,176,000        
      profit/(loss) for the year
    		      6,565,000        
      other comprehensive income for the year, net of income tax
    		      3,970,000        
      profit/(loss) attributable to:
    		              
      earnings/(loss) per share
    		              
      basic earnings/
    		      0.093        
      diluted earnings/
    		      0.093        
      the accompanying notes on page 7 to 53 are an integral part of these consolidated financial statements. on behalf of the board: "s.r. curtis" - director and "m. learmonth"
    		              
      general and administrative expenses
    		       910,000       
      share-based payment
    		              
      finance expense
    		       -14,000       
      net finance (costs)/income
    		       -12,000       
      profit before income tax
    		       8,442,000       
      income tax expense
    		       2,292,000       
      foreign currency translation differences for foreign operations
    		       2,152,000       
      diluted earnings per share
    		       1.13       
      revenue and operating costs
    		              
      revenue from sales
    		        6,331,000 4,932,000 2,364,000  2,280,000 2,883,000 
      operating costs
    		        3,453,000 3,130,000 1,483,000  1,978,000 1,357,000 
      costs and expenses
    		              
      general and administrative
    		        869,000 499,000 751,000  2,016,000 747,000 
      interest expense
    		        -16,000  8,000  -106,000 -71,000 
      amortization
    		        107,000 101,000 99,000  101,000 101,000 
      exchange loss
    		        -36,000 231,000 181,000    
      other expense
    		        282,000 109,000 4,000  48,000 150,000 
      income before discontinued operations
    		        1,672,000 862,000 -162,000  -2,749,000 -261,000 
      current income tax
    		              
      net income before discontinued operations
    		        1,671,000 862,000 -162,000  -2,749,000 -261,000 
      discontinued operations
    		        -24,000 -36,000 -37,000 -655 -30,000 -24,000 
      net (loss) after discontinued operations
    		        1,647,000  -199,000    
      revaluation of investments to fair value
    		         20,000 7,000   7,000 
      comprehensive income
    		        1,647,000 846,000 -192,000  -2,785,000 -278,000 
      income per share
    		              
      basic and diluted from continuing operations
    		        0.003 0.002   -0.005 -0.001 
      basic and diluted from discontinued operations
    		        0.003 0.002     
      basic and diluted for the quarter
    		        0.003 0.002     
      net income after discontinued operations
    		         826,000   -2,779,000 -285,000 
      costs and expenses - sum
    		          1,043,000   1,787,000 
      net sales or total revenues
    		           7,696,000   
      net income from continuing operations: - per share basic and diluted continuing operations
    		           -4,285   
      net income
    		           -4,940   
      yoy
    		              
      qoq
    		              
      net income margin %
    		0% 0%   NaN% 0% 0% 0% NaN% NaN% NaN% -Infinity% NaN% NaN% 
      - per share basic and diluted
    		           -0.01   
      comprehensive loss
    		           -4,880   
      total assets
    		           23,298   
      total long-term liabilities
    		           1,153   
      cash dividends declared per share
    		              
      z’s per c1
    		              
      sales revenue
    		              
      other income statement items
    		           2,234,808   
      monetary assets and liabilities
    		           6,575,238   
      all other assets and liabilities
    		           101.19   
      fees and allowances paid to a corporation which provides the services of the corporation's president
    		           635   
      rent for office premises paid to a company owned by members of the president’s family
    		           43   
      interest paid to directors on outstanding fees and expenses
    		           4   
      consulting fees paid to directors
    		           65   
      legal fees paid to a law firm where a director is a partner
    		           117   
      fees, allowances and interest paid to the chairman of the board net of accruals
    		           334   
      unrealised foreign exchange loss
    		            992,000 860,000 
      basic and diluted for the year
    		            -0.005 -0.001 
                  
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-08-10 2023-06-30 2022-12-31 2021-12-31 2020-12-31 2020-05-12 2016-05-12 2015-12-31 2015-09-30 2015-06-30 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-08-13 2012-12-31 2012-09-30 2012-06-30 2012-03-29 2011-12-31 2011-09-30 2011-08-12 2010-12-31 2010-07-05 2009-04-06 2008-03-31 2007-12-31 2007-04-03 2006-12-31 2006-11-15 2006-09-30 2006-04-20 2005-12-31 2005-04-20 2004-12-31 
                                               
        assets
      		                         52,402    27,488          22,338,000  
        exploration and evaluation assets
      		97,326,000 95,830,000 94,702,000 94,272,000  87,416,000                                    
        property, plant and equipment
      		189,456,000 183,663,000 179,424,000 179,649,000  181,710,000 178,983,000 149,102,000 126,479,000 116,539,000 51,722,000    40,388,000 37,374,000 35,344,000 36,181,000 33,448,000  42,000  34,718,000    34,561,000               
        deferred tax asset
      		264,000 310,000 181,000 153,000  160,000 202,000 194,000 87,000 70,000 40,000          62,000  325,000                   
        total non-current assets
      		287,046,000 279,803,000 274,307,000 274,074,000 269,286 269,286,000 196,764,000 157,944,000 133,334,000 116,609,000 51,762,000 49,276 58,298,000 48,275,000 40,388,000 37,374,000 35,344,000 36,181,000 33,448,000 43,748,000 42,174,000 36,533,000 35,048,000 35,483,000 34,248,000  34,566,000 31,382,000              
        income tax receivable
      		355,000 70,000 80,000 1,120,000 103 103,000 40,000 101,000 76,000  397,000 397   111,000                           
        inventories
      		23,768,000 22,732,000 20,542,000 20,304,000 18,454 18,454,000 18,334,000 20,812,000 16,798,000 11,358,000 6,921,000 6,091 8,542,000 8,180,000 7,571,000 6,877,000 6,840,000 6,847,000 6,866,000 5,982,000 5,000 5,508,000 4,590,000 4,670,000 4,482,000  3,413,000 2,826,000        2,306,000 2,306,000     
        derivative financial assets
      		  26,000 88,000 763 763,000 440,000  1,184,000                                 
        trade and other receivables
      		12,675,000 9,651,000 7,558,000 9,952,000 8,560 8,560,000 9,185,000 7,938,000 4,962,000 6,121,000 4,568,000 3,839 5,529,000 4,452,000 2,040,000 3,063,000 3,210,000 3,854,000 3,889,000 5,074,000 4,000 1,718,000 3,744,000 4,586,000 3,652,000  5,111,000 4,028,000              
        prepayments
      		6,748,000 6,717,000 3,947,000 2,538,000 3,940 3,940,000 3,693,000 6,930,000 1,974,000 2,950,000 433,000 667 1,826,000 317,000 348,000 261,000 258,000 179,000 177,000 158,000 238,000 126,000 469,000 276,000 334,000  87,000 89,000              
        cash and cash equivalents
      		4,260,000 7,204,000 1,831,000 6,708,000 12,785 12,785,000 6,735,000 17,152,000 19,092,000 13,825,000 13,514,000 12,568 22,422,000 23,683,000 26,838,000 27,852,000 25,842,000 26,714,000 25,222,000 25,099,000 22,000 27,942,000 24,615,000 18,323,000 9,686,000  6,847,000 5,033,000              
        assets held for sale
      		13,512,000 13,483,000 13,486,000 13,519,000     500,000                                 
        total current assets
      		61,318,000 59,857,000 47,470,000 54,229,000  44,605,000 38,427,000 52,933,000 44,586,000 34,322,000 25,833,000  38,319,000  36,908,000 38,053,000 36,000 37,594,000 36,154,000 36,313,000 32,943,000  33,418,000 29,700,000   15,458,000               
        total assets
      		348,364,000 339,660,000 321,777,000 328,303,000 313,891 313,891,000 235,191,000 210,877,000 177,920,000 150,931,000 77,595,000 72,838 96,617,000 84,907,000 77,296,000 75,427,000 71,494,000 73,775,000 69,602,000 80,061,000 75,117,000 71,827,000 68,466,000 65,183,000 52,402,000  50,024,000 43,358,000     29,492,000   27,621,000 27,621,000    23,666,000 
        equity and liabilities
      		                                         
        share capital
      		165,408,000 165,408,000 165,147,000 165,068,000  165,157,000 83,471,000 82,667,000 74,696,000 62,128,000 54,627,000    57,607,000 57,607,000 57,607,000 57,607,000 57,607,000  57,000  196,677,000    196,163,000         190,626,000 190,626,000     
        reserves
      		138,465,000 139,029,000 137,876,000 137,819,000  137,433,000 137,801,000 137,779,000 138,310,000 137,132,000 142,046,000    159,883,000 158,461,000 155,936,000 157,148,000 156,069,000  156,000  9,352,000                   
        retained loss
      		-89,996,000 -58,407,000 -66,414,000 -63,172,000   -50,222,000 -59,150,000 -71,487,000  -147,709,000    -159,759,000 -158,625,000   -161,651,000                       
        equity attributable to shareholders
      		213,877,000 246,030,000 236,609,000 239,715,000  240,760,000 171,050,000 161,296,000 141,519,000 118,308,000 48,964,000  65,048,000 60,905,000 57,731,000 57,443,000 54,588,000 55,798,000 52,025,000  63,000                     
        non-controlling interests
      		20,587,000 25,834,000 24,407,000 24,477,000  22,421,000 22,409,000 19,260,000 16,524,000 13,984,000 1,809,000  1,997,000  804,000 621,000   -51,000                       
        total equity
      		234,464,000 271,864,000 261,016,000 264,192,000 263,181 263,181,000 193,459,000 180,556,000 158,043,000 132,292,000 50,773,000 50,361  62,506,000 58,535,000 58,064,000 55,546,000 56,292,000 51,974,000  62,000 55,619,000 50,839,000  40,014,000                 
        liabilities
      		                                         
        deferred tax liabilities
      		48,418,000 6,101,000 5,340,000 6,131,000  2,834,000 5,123,000 8,034,000 4,234,000                                 
        provisions
      		9,664,000 9,562,000 10,395,000 10,985,000  3,727,000 2,958,000 3,294,000 3,567,000 3,365,000 2,791,000    2,888,000 2,093,000 2,022,000 2,094,000 1,572,000  1,000  1,733,000    2,140,000               
        loans and borrowings
      		1,500,000                                         
        loan note instruments
      		8,313,000                                         
        cash-settled share-based payment
      		411,000      1,029,000                                   
        lease liabilities
      		199,000      181,000                                   
        total non-current liabilities
      		68,505,000 26,307,000 22,611,000 23,978,000 13,779 13,779,000 9,291,000 12,633,000 9,913,000 7,115,000 15,090,000 14,080 17,576,000  12,980,000 10,458,000 10,525,000 10,622,000 10,094,000 6,903,000 6,969,000 6,928,000 8,362,000 7,863,000 7,822,000  8,247,000 7,995,000              
        income tax payable
      		2,958,000 2,244,000 102,000 10,000 2,511 2,511,000 1,324,000   1,482,000 129,000    1,990,000                           
        derivative financial liabilities
      		       3,095,000                                  
        trade and other payables
      		26,647,000 22,278,000 20,842,000 20,503,000 17,161 17,161,000 17,454,000 9,957,000 8,664,000 9,372,000 6,930,000 6,656 7,040,000 5,089,000 3,791,000 4,052,000 4,254,000 5,027,000 4,600,000 4,785,000 4,000 5,775,000 4,437,000 4,242,000 3,841,000  5,816,000 5,287,000              
        overdrafts
      		12,928,000                                         
        liabilities associated with assets held for sale
      		104,000 98,000 96,000 128,000                                      
        total current liabilities
      		45,395,000 41,489,000 38,150,000 40,133,000  36,931,000 32,441,000 17,688,000 9,964,000 11,524,000 11,732,000    5,781,000 6,905,000 5,423,000 6,861,000 7,534,000  5,686,000  9,265,000    5,816,000               
        total liabilities
      		113,900,000 67,796,000 60,761,000 64,111,000 50,710 50,710,000 41,732,000 30,321,000 19,877,000 18,639,000 26,822,000 22,477 29,572,000 22,401,000 18,761,000 17,363,000 15,948,000 17,483,000 17,628,000 13,830,000 12,655,000 16,208,000 17,627,000 12,243,000 12,388,000  14,063,000 15,703,000              
        total equity and liabilities
      		348,364,000 339,660,000 321,777,000 328,303,000 313,891 313,891,000 235,191,000 210,877,000 177,920,000 150,931,000 77,595,000 72,838 96,617,000 84,907,000 77,296,000 75,427,000 71,000 73,775,000 69,602,000 80,061,000 75,117,000 71,827,000 68,466,000 65,183,000 52,402,000  50,024,000 43,358,000              
        loans and borrowings - long term portion
      		 1,771,000                                        
        loan notes - long term portion
      		 8,282,000 6,405,000 6,447,000                                      
        cash-settled share-based payment - long term portion
      		 583,000 441,000 374,000  190,000  974,000 1,934,000                                 
        lease liabilities - long term portion
      		 8,000 30,000 41,000  132,000  331,000 178,000                                 
        cash-settled share-based payment - short term portion
      		 1,081,000 313,000 920,000  660,000  2,053,000 336,000                                 
        lease liabilities - short term portion
      		 94,000 141,000 167,000  136,000  134,000 61,000                                 
        loan notes - short term portion
      		 855,000 665,000 665,000                                      
        overdraft and term loans
      		 14,839,000 15,991,000 17,740,000  15,692,000                                    
        loan notes payable – short term portion
      		    771                                     
        lease liabilities – short term portion
      		    136                                     
        cash-settled share-based payments - short term portion
      		    660                                     
        overdraft
      		    15,692  5,239,000 887,000                                  
        loan note instruments - long term portion
      		     6,896,000                                    
        loan note instruments - short term portion
      		     771,000                                    
        exploration and evaluation asset
      		      17,579,000 8,648,000 6,768,000                                 
        loan notes payable
      		      7,104,000                                   
        loans and borrowings - short term portion
      		        408,000                                 
        income taxes payable
      		       1,562,000 495,000   53 2,187,000 1,894,000  1,855,000 1,169,000 1,834,000 1,138,000 938,000 758,000 1,518,000 1,070,000                   
        gold hedge
      		         68,000                                
        deferred tax liability
      		         2,305,000 12,209,000    10,092,000 8,365,000 8,000 8,528,000 8,522,000  5,000  6,629,000    6,107,000               
        long-term portion of term loan facility
      		         915,000                                
        cash-settled share-based payments – long term portion
      		         530,000                                
        short-term portion of term loan facility
      		         670,000                                
        cash settled share based payment
      		          90,000                               
        bank overdraft
      		          4,673,000 1,688 2,769,000   998,000   1,796,000 1,204,000   1,791,000 138,000 430,000   2,421,000              
        capital and reserves
      		            67,045,000       66,231,000    52,940,000   35,961,000 27,655,000              
        non-current liabilities
      		             15,418,000                            
        non-controlling interest
      		             1,601,000   958,000 494,000   -1,001,000                     
        as at
      		                                         
        accumulated deficit
      		                -158,955,000 -158,957,000   -150,000  -153,055,000                   
        advance dividend accrual - indigenisation
      		                                         
        advance dividend accrual
      		                                         
        zimbabwe advance dividend accrual
      		                     1,987,000 1,967,000                   
        other investments
      		                      5,000    5,000               
        advance payment
      		                                         
        non- controlling interest
      		                      -2,135,000                   
        advance paid
      		                       1,845,000                  
        income tax liabilities
      		                        295,000                 
        revenue from sales
      		                         55,705    22,401          2,642,000  
        gross operating profit
      		                         29,115    8,278            
        expense -
      		                         -8,359    -4,591            
        net loss from discontinued operations
      		                                         
        net income – after income taxes
      		                         12,130                
        cash and cash equivalent
      		                         9,686    1,145            
        current assets
      		                         18,154    6,194   4,408,000       2,264,000 7,481,000 
        current liabilities
      		                         4,566    4,629   4,343,000       2,589,000 1,062,000 
        long term liabilities
      		                         7,822    4,017   1,054,000       377,000 423,000 
        working capital
      		                         13,588    1,565   65,000       -325,000 6,419,000 
        shareholders’ equity
      		                         40,014    18,842   24,095,000       19,372,000 22,181,000 
        total capital expenditures including mineral properties
      		                         8,528    7,290          5,284,000  
        financing raised
      		                         -279    187   4,380,000       6,588,000 14,314,000 
        equity
      		                                         
        capital reserve
      		                          14,170,000               
        contributed surplus
      		                          3,407,000         975,000 975,000     
        accumulative other comprehensive
      		                          -6,905,000               
        deficit
      		                          -170,874,000               
        total assets per canadian gaap
      		                            27,488  23,298 29,492,000  31,456,000 31,456,000   22,338,000 22,338,000   
        mineral properties with no proven reserves expensed
      		                            -9,489  -9,863 -7,985,000  -5,352,000 -5,352,000   -4,693,000 -4,693,000   
        total assets per us gaap
      		                            17,999  13,435 21,507,000  26,135,000 26,135,000   17,591,000 17,591,000   
        total liabilities per canadian and us gaap
      		                            8,646  2,102 5,397,000  7,120,000 7,120,000   2,966,000 2,966,000   
        shareholders’ equity per canadian gaap
      		                            18,842  21,196 24,095,000  24,336,000 24,336,000   19,372,000    
        shareholders’ equity per us gaap
      		                            9,353  11,333 16,110,000  19,015,000 19,015,000   14,625,000    
        total liabilities & shareholder’s equity per us gaap
      		                            17,999  13,435 21,507,000  26,135,000 26,135,000   17,591,000    
        net income from discontinued operations
      		                                         
        net income /(loss) – after income taxes
      		                             2,257            
        unrealised loss on marketable securities
      		                                 31,000 31,000   -54,000 -54,000   
        accumulated other comprehensive income
      		                                 31,000 31,000       
        financial - thousands cdn except per share amounts
      		                                         
        revenue from operations
      		                                10,039,000        841,000 
        gross profit
      		                                294,000       -5,275,000 -5,610,000 
        expenses
      		                                4,195,000       4,405,000 2,959,000 
        net income for continuing operations
      		                                -3,901,000         
        income from discontinued operations
      		                                -709,000         
        net income for the year after discontinued operations
      		                                -4,615,000         
        cash
      		                                76,000       1,076,000 6,470,000 
        total capital expenditures
      		                                3,250,000        3,813,000 
        expenditures on mineral properties
      		                                2,633,000       2,583,000 2,298,000 
        dividends declared
      		                                         
        cash and short term deposits
      		                                   906,000 906,000     
        accounts receivable
      		                                   2,514,000 2,514,000     
        prepaid expenses
      		                                   302,000 302,000     
        investment at cost
      		                                   79,000 79,000     
        capital assets
      		                                   8,427,000 8,427,000     
        mineral properties
      		                                   13,087,000 13,087,000     
        liabilities and shareholder equity
      		                                         
        accounts payable
      		                                   4,768,000 4,768,000     
        long term debt
      		                                   45,000 45,000     
        prov for site restoration
      		                                   1,043,000 1,043,000     
        shareholders equity
      		                                         
        compensation warrants
      		                                         
        total capital and liabilities
      		                                   27,621,000 27,621,000     
        accumulated other comprehensive loss
      		                                     -54,000 -54,000   
        shareholders' equity
      		                                         
        shareholders' equity per canadian gaap
      		                                      19,372,000   
        shareholders' equity per us gaap
      		                                      14,625,000   
        total liabilities & shareholder's equity per us gaap
      		                                      17,591,000   
        financial – c 000’s
      		                                         
        net income – before write-downs
      		                                       -9,528,000  
        net income - after write-downs
      		                                       -9,680,000  
        share information
      		                                         
        market capitalization
      		                                       42,632,000  
        shares outstanding
      		                                       370,715,000  
        warrants & options
      		                                       34,748,000  
        earnings per share
      		                                       -30  
        tse share price high
      		                                       180  
        tse share price low
      		                                       100  
        tse share volume
      		                                       61,214,000  
        nasdaq share price high
      		                                       150  
        nasdaq share price low
      		                                       80  
        nasdaq share volume
      		                                       105,151,000  
        aim share price high
      		                                       6,250  
        aim share price low
      		                                       4,500  
        aim share volume
      		                                       856,000  
        operating results
      		                                         
        gold production
      		                                       4,951,000  
        silver production
      		                                       264,000  
        average cost per ounce gold (us ) sold
      		                                       1,241,000  
        average revenue per ounce gold (us ) sold
      		                                       441,000  
        year end gold resource
      		                                       2,478,000  
        earnings from continuing operations
      		                                        -9,979,000 
        net income for the year
      		                                        -9,979,000 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2024-05-13 2024-03-31 2024-03-28 2023-12-31 2020-05-12 2016-05-12 2015-08-13 2015-06-30 2014-09-30 2014-08-12 2014-06-30 2014-03-31 2013-09-30 2013-08-13 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2012-03-29 2011-03-31 2009-11-12 2005-03-31 2004-11-16 
                               
          cash inflow from operations
        		6,535 6,535,000 26,398,000 26,398,000                    
          interest received
        		6 6,000 39,000 39,000          98,000          
          finance costs paid
        		-573 -573,000  -2,462,000                    
          tax paid
        		-1,081 -1,081,000  -9,206,000  -148 -268,000 -268,000  -1,841,000  -7,974,000 -1,785,000 -1,000 -11,618,000  -3,722,000  -8,005,000     
          net cash inflow from operating activities
        		  14,769,000 14,769,000                    
          cash flows used in investing activities
        		                       
          acquisition of property, plant and equipment
        		-3,741 -3,741,000  -28,556,000  -3,304                  
          acquisition of exploration and evaluation assets
        		-430 -430,000  -1,837,000                    
          acquisition of put options
        		-240 -240,000  -946,000                    
          net cash from investing activities
        		-4,411 -4,411,000  -31,161,000  -3,248 -3,409,000 -3,409,000  -1,550,000  -11,738,000 -3,362,000 -3,000 -7,871,000    -8,528,000     
          cash flows from financing activities
        		                  -317,000     
          dividends paid
        		-2,720 -2,720,000  -11,099,000  -598      -5,947,000            
          payment of lease liabilities
        		-37 -37,000  -184,000                    
          shares issued – equity raise
        		  15,569,000 15,569,000                    
          proceeds from long term loans
        		                       
          repayments of term loans
        		                       
          loan notes - motapa payment
        		   -7,250,000                    
          loan notes - solar bond issue receipts
        		  6,895,000 6,895,000                    
          net cash (used in) from financing activities
        		-2,757 -2,757,000                      
          net increase in cash and cash equivalents
        		-2,281 -2,281,000   5,312,000  -1,562,000   -872,000  -4,516,000 1,420,000 -2,000 18,655,000 6,292,000 8,637,000  8,621,000     
          effect of exchange rate fluctuations on cash and cash equivalents
        		-847 -847,000  -67,000                    
          net cash at the beginning of the period
        		                       
          net cash at the end of the period
        		                       
          net cash inflow (outflow) from operating activities
        		4,887 4,887,000                      
          cash flows from investing activities
        		                  -8,528,000     
          loan note instrument – motapa payment
        		                       
          loan note instrument – solar bond issue receipts
        		                       
          net cash and cash equivalents at beginning of the period
        		-11,032                       
          net cash and cash equivalents at end of the period
        		-14,160                       
          net cash and cash equivalents at the beginning of the period
        		 -11,032,000                      
          net cash and cash equivalents at the end of the period
        		 -14,160,000                      
          proceeds from sale of assets held for sale
        		                       
          proceeds from derivative financial instruments
        		  178,000 178,000                    
          proceeds from disposal of subsidiary
        		    900,000                   
          proceeds from call options
        		                       
          acquisition of call options
        		                       
          proceeds from gold loan
        		                       
          repayment of gold loan
        		                       
          proceeds from share options exercised
        		                       
          net cash from financing activities
        		  3,931,000 3,931,000  -540 -784,000 -784,000  -980,000  -7,464,000 -488,000 -2,000 -3,195,000 1,653,000 -221,000  -279,000     
          net decrease in cash and cash equivalents
        		   -12,461,000  -2,039                  
          net cash and cash equivalents at the beginning of the year
        		  1,496,000 1,496,000                    
          net cash and cash equivalents at the end of the year
        		   -11,032,000                    
          net cash (outflow)/inflow from operating activities
        		                       
          loan note instruments - motapa payment
        		                       
          loan note instruments - solar bond issue receipts
        		                       
          cash generated from operations
        		     1,933                  
          interest paid
        		            -12,000 -232,000   -81,000       
          net cash from operating activities
        		    10,074,000 1,749      14,686,000 5,270,000 3,000 29,721,000 6,774,000 11,195,000       
          realisation (purchase) of gold etf
        		                       
          term loan proceeds
        		                       
          term loan repayments
        		                       
          proceeds from call option
        		                       
          net (decrease) / increase in cash and cash equivalents
        		                       
          net cash at the beginning of the year
        		                       
          net cash at the end of the year
        		                       
          purchase of derivative financial asset
        		                       
          term loan transaction costs
        		                       
          shares issued - equity raise
        		                       
          share options exercised
        		                       
          net cash from/ (used in) financing activities
        		                       
          net increase/ (decrease) in cash and cash equivalents
        		                       
          effect of exchange rate fluctuations on cash held
        		      -849,000 -849,000       -399,000    -80,000     
          cash generated by operations
        		    10,933,000                   
          net interest paid
        		     -36 -29,000 -29,000  -29,000  -108,000   -81,000    -162,000     
          net cash and cash equivalents at beginning of quarter
        		    8,893,000                   
          net cash and cash equivalents at quarter end
        		    13,825,000                   
          cash flows from operating activities
        		                       
          proceeds from property, plant and equipment
        		     56                  
          share issues
        		     58                  
          cash and cash equivalents at beginning of the period
        		     10,880                  
          cash and cash equivalents at end of the period
        		     8,841                  
          net (decrease)/increase in cash and cash equivalents
        		                       
          cash and cash equivalents at beginning of year
        		                       
          net cash at year end
        		                       
          adjusted basic earnings per share3
        		                       
          cash and cash equivalents
        		        27,852,000  25,842,000             
          cash from operating activities
        		      2,631,000 2,631,000  1,658,000              
          payments to the community and zimbabwe government
        		                       
          caledonia mining corporation mark learmonth tel: +27 11 447 2499 [email protected]
        		                       
          blytheweigh tim blythe/camilla horsfall/megan ray/george yeomans tel: +44 20 7138 3204
        		                       
          cash generated by operating activities
        		      2,928,000 2,928,000  3,528,000  22,768,000            
          property, plant and equipment additions
        		      -3,466,000 -3,466,000  -1,550,000  -11,738,000 -3,362,000 -3,000 -7,909,000  -2,779,000       
          proceeds from sale of property plant and equipment
        		      57,000 57,000                
          dividend paid
        		      -784,000 -784,000  -980,000    -2,000          
          cash and cash equivalents at beginning period
        		      26,094,000 26,094,000  26,000    25,189,000          
          cash and cash equivalents at end of period
        		      23,683,000 23,683,000  25,842,000   23,895,000 22,475,000   18,323,000       
          revenue
        		       15,014,000 13,492,000  15,000       17,503,000  11,226,000    
          royalty
        		       -752,000            455,000    
          production costs
        		       -9,240,000 -7,174,000  -7,768,000         4,950,000    
          depreciation
        		       -1,025,000 -1,029,000  -1,025,000             
          gross profit
        		       3,997,000 4,344,000  5,672,000       8,996,000  5,248,000 921,000   
          administrative expenses
        		       -2,323,000 -1,754,000  -1,760,000         2,049,000    
          foreign exchange (loss)/gain.
        		       139,000                
          other income
        		       18,000                
          results from operating activities
        		       1,831,000 3,031,000  3,788,000       8,177,000  3,199,000    
          finance (expense)/income
        		       -43,000                
          profit before income tax
        		       1,788,000 3,015,000  3,759,000       8,131,000  3,044,000    
          tax expense
        		       -1,212,000                
          profit for the period
        		       576,000 1,268,000  2,522,000  4,589,000 3,000   12,608,000 7,111,000 12,130,000 1,894,000    
          items that are or may be reclassified subsequently to profit or loss
        		                       
          foreign currency translation differences for foreign operations
        		       -1,730,000 2,562,000  -2,288,000             
          total comprehensive income for the period
        		       -1,154,000 3,830,000  234,000       6,296,000      
          earnings per share
        		                       
          profit attributable to:
        		                       
          shareholders of the company
        		       324,000 1,112,000  1,840,000             
          non-controlling interests
        		       252,000 156,000  682,000             
          basic
        		       500          1,400  380    
          diluted
        		       500          1,400  350    
          adjusted earnings per share (cents) 4
        		                       
          condensed consolidated statement of cash flows
        		                       
          net increase/(decrease) in cash and cash equivalents
        		       -1,562,000                
          gold produced
        		                       
          on-mine cost (/oz)1
        		                       
          all-in sustaining cost
        		                       
          average realised gold price
        		                       
          gross profit 2
        		                       
          net (loss)/profit attributable to shareholders
        		                       
          net cash
        		                       
          ·
        		                       
          advance dividend paid
        		              -3,739,000         
          proceeds from the exercise of share options
        		           470,000            
          cash and cash equivalents at year end
        		           23,426,000   27,942,000    9,686,000     
          less: royalty
        		        -945,000  -1,090,000             
          foreign exchange gain
        		        389,000               
          gain on sale of property, plant and equipment
        		        52,000  5,000             
          finance income
        		        11,000               
          finance cost
        		        -27,000  -29,000         155,000    
          net finance costs
        		        -16,000  -29,000             
          income and other tax expense
        		        -1,747,000  -1,237,000             
          other comprehensive income
        		                       
          other comprehensive income for the period, net of income tax
        		        2,562,000  -2,288,000             
          total comprehensive income attributable to:
        		                       
          basic earnings per share
        		        22  35             
          diluted earnings per share
        		        22  34             
          as at
        		                       
          assets
        		                       
          property, plant and equipment
        		        37,374,000  35,344,000             
          total non-current assets
        		        37,374,000  35,344,000             
          inventories
        		        6,877,000  6,840,000             
          prepayments
        		        261,000  258,000             
          trade and other receivables
        		        3,063,000  3,210,000             
          total current assets
        		        38,053,000  36,000             
          total assets
        		        75,427,000  71,494,000         39,910,000    
          equity and liabilities
        		                       
          share capital
        		        57,607,000  57,607,000             
          reserves
        		        158,461,000  155,936,000             
          retained loss
        		        -158,625,000               
          equity attributable to shareholders
        		        57,443,000  54,588,000             
          total equity
        		        58,064,000  55,546,000             
          liabilities
        		                       
          provisions
        		        2,093,000  2,022,000             
          deferred tax liability
        		        8,365,000  8,000             
          total non-current liabilities
        		        10,458,000  10,525,000             
          trade and other payables
        		        4,052,000  4,254,000             
          income taxes payable
        		        1,855,000  1,169,000             
          bank overdraft
        		        998,000            -684,000   
          total current liabilities
        		        6,905,000  5,423,000             
          total liabilities
        		        17,363,000  15,948,000         14,807,000    
          total equity and liabilities
        		        75,427,000  71,000             
          advance payment
        		             -1,000          
          proceeds from shares issued
        		             288,000   514,000       
          foreign exchange (loss)/gain
        		          -129,000             
          condensed consolidated statements of financial position
        		                       
          accumulated deficit
        		          -158,955,000             
          non-controlling interest
        		          958,000             
          on mine cash cost (us/oz)1
        		                       
          all-in sustaining cost (us/oz)1
        		                       
          gold sales
        		                       
          average realised gold price (us/oz)1
        		                       
          gross profit (’m)2
        		                       
          net profit attributable to shareholders
        		                       
          adjusted basic earnings per share1
        		                       
          1
        		                       
          proceeds on sale of investment
        		              38,000         
          advance dividends paid
        		           -1,987,000            
          cash and cash equivalents at beginning of the year
        		           27,942,000   9,686,000    1,145,000     
          adjustment to reconcile net cash from operations
        		            3,370,000           
          changes in non-cash working capital
        		            -892,000 -751,000 2,963,000 1,993,000 -955,000  -3,183,000     
          cash flows generated from continuing operations
        		            7,067,000   12,364,000        
          indigenisation expenses
        		                       
          blanket dividend paid to indigenous zimbabweans
        		            -488,000           
          cash and cash equivalents at beginning of period
        		            22,475,000   18,323,000 9,686,000       
          adjustments for non-cash flow items
        		             2,000          
          cash flows generated from operations
        		             5,784,000          
          indigenisation donation
        		                -1,006,000       
          bank overdraft increase
        		              -430,000 1,653,000 -293,000       
          profits for the period
        		              7,358,000         
          adjustments for:
        		                       
          adjustments to reconcile net cash from operations
        		              31,099,000 19,161,000 6,196,000   2,960,000 -260,000 192,000  
          cash flows provided from operations
        		              41,420,000    17,428,000     
          proceeds from the issue of share capital
        		              974,000    38,000     
          unaudited
        		                       
          cash and cash equivalents at the end of the period
        		               24,615,000    2,217,000    
          advance paid
        		                -1,845,000       
          share-based payments
        		                       
          foreign exchange loss
        		                       
          net finance income/
        		                       
          income tax expense
        		                   1,150,000    
          loss on foreign currency translation
        		                   -714,000    
          weighted-average number of common shares outstanding (thousands) at march 31
        		                       
          capital and reserves
        		                       
          adj. to reconcile net cash from operations
        		                  16,648,000     
          profit for the year
        		                       
          cash flows provided from continuing operations
        		                       
          reconcile net cash from operations
        		                       
          income tax paid
        		                   -96,000    
          sale of investment
        		                       
          finance expense
        		                       
          shares issued
        		                       
          cash and cash equivalents at end of period,
        		                       
          amortization
        		                   573,000 2,000   
          total comprehensive income/(loss) for the period
        		                   1,180,000    
          condensed consolidated statement of financial position
        		                       
          cash provided by
        		                   2,011,000    
          changes in non-cash operating account balances
        		                   -72,000    
          cash from operations
        		                   4,686,000    
          net expenditures on capital items and mineral properties
        		                   3,523,000    
          net cash from/(used in) financing activities
        		                   -91,000    
          increase/(decrease) in cash for the period
        		                   1,072,000    
          cash and cash equivalents at the start of the period
        		                   1,145,000    
          revenue and operating costs
        		                       
          revenue from sales
        		                    2,568,000   
          operating costs
        		                    1,647,000   
          costs and expenses
        		                       
          general and administrative
        		                    -252,000   
          interest expense
        		                       
          exchange loss
        		                    50,000   
          other expense
        		                    105,000   
          income before discontinued operations
        		                    1,024,000   
          current income tax
        		                       
          net income before discontinued operations
        		                    1,024,000   
          discontinued operations
        		                    1,000   
          net (loss) after discontinued operations
        		                       
          revaluation of investments to fair value
        		                    13,000   
          comprehensive income
        		                    1,038,000   
          income per share
        		                       
          basic and diluted from continuing operations
        		                       
          basic and diluted from discontinued operations
        		                       
          basic and diluted for the quarter
        		                       
          cash from
        		                       
          operating activities
        		                    0   
          changes in non-cash working capital balances
        		                    691,000 -143,000  
          cash flows from continuing operations
        		                    1,455,000   
          investing activities
        		                       
          expenditures on capital assets and mineral properties
        		                    -270,000   
          sale of barbrook mine
        		                       
          financing activities
        		                       
          issue of share capital net of issue costs
        		                       
          sale of investments
        		                       
          cash flow from discontinued operations
        		                       
          increase in cash for the period
        		                    501,000 -3,080,000  
          cash and cash equivalents, beginning of period
        		                    -376,000 6,470,000  
          cash and cash equivalents, end of period
        		                    125,000 3,390,000 9,339,000 
          cash and cash equivalents at end of period relate to:
        		                       
          continuing operations
        		                    125,000   
          net income after discontinued operations
        		                       
          caledonia mining corporation
        		                       
          consolidated statements of cash flows
        		                       
          cash flows provided from (used for) continuing operations
        		                       
          changes in working capital balances
        		                       
          expenditure on capital assets and mineral properties
        		                       
          investment in blanket mine net of cash received on acquisition
        		                       
          shares held in escrow
        		                       
          cash and cash equivalents, beginning of the period
        		                       
          cash and cash equivalents, end of the period
        		                       
          cash and cash equivalents at end of the period relate to:
        		                       
          net (loss) before discontinued operations
        		                       
          operating gain/(loss) for the period
        		                       
          other costs and expenses and non-controlling interests
        		                       
          balances
        		                      -203,000 
          capital expenditure
        		    0 0      0 0 0 0 0 0       
          free cash flows
        		    10,074,000 1,749      14,686,000 5,270,000 3,000 29,721,000 6,774,000 11,195,000       
          expenditures on mineral properties
        		                     -1,156,000 -563,000 
          reduction of overdraft
        		                       
          issue of share capital net of costs
        		                       
          increase(decrease) in cash for the period
        		                       
          cash beginning period
        		                       
          net cash end period
        		                       
          balance, december 31, 2005
        		                       
          issued pursuant to private placement
        		                      9,602,000 
          balance, march 31, 2006
        		                       
          issued pursuant to a private placement
        		                       
          issued pursuant to acquisition
        		                       
          balance , june 30 , 2006
        		                       
          issued pursuant to a private placement balance ,september 30 , 2006
        		                       
          cash
        		                       
          working capital
        		                       
          cash provided (used) by operating activities
        		                       
          cash provided (used) by investing activities
        		                       
          cash provided (used) by financing activities
        		                       
          uses of liquidity
        		                       
          net (loss) for the period
        		                     -1,786,000  
          expenditures on capital assets
        		                     -187,000 -451,000 
          loan payable
        		                       
          adjustments to reconcile net cash from
        		                       
          operations
        		                      162,000 
          purchase of investment
        		                       
          previously reported
        		                       
          net loss as at september 30, 2003
        		                      2,710,000 
          deficit as at september 30, 2003
        		                      130,035,000 
          net loss as at september 30, 2002
        		                      1,397,000 
          deficit as at september 30, 2002
        		                      124,383,000 
          capital assets as at dec. 31, 2003
        		                      8,166,000 
          provision for site restoration as at dec. 31, 2003
        		                      928,000 
          deficit as at dec. 31, 2003
        		                      142,020,000 
          number of shares
        		                       
          balance, december 31, 2003
        		                      159,151,000 
          warrants exercised
        		                      682,000 
          share issue expense and agent compensation warrants
        		                      -1,002,000 
          balance, march 31, 2004
        		                      168,433,000 
          balance, june 30 and september 30, 2004
        		                      173,318,000