Caledonia’s primary asset is the low-cost Blanket Gold Mine in Zimbabwe, which produced 55koz of gold in 2018 at an all-in sustaining cost of $802/oz. Guidance for 2019 is 53koz - 56koz at an AISC of between $845/oz and $890/oz. Caledonia pays a quarterly dividend of 6.875 US cents. Blanket is approximately 80% of the way through a fully funded growth plan, which will increase to 80koz by 2022 and is anticipated to reduce costs to approximately $750/oz.
Low-cost gold producer: 2018 AISC $802/oz.
Fully funded growth to over 80,000 ounces by 2022
Cash generative, dividend paying with a yield of 4.9%
Annual Production Gold, oz per year
Annual Proven & Probable Reserves Gold, Moz per year
Mineral Authority: NI 43-101 , GEOs: No
All data is attributable unless otherwise stated in footnotes. Mineral resources are exclusive of reserves unless otherwise stated in footnotes.
Allan Gray (South African Institutional Fund Manager) 20.1%
This presentation does not constitute, or form part of, any offer to sell or issue or any solicitation of any offer to purchase or subscribe for, any shares in Caledonia Mining Corporation Plc (“Caledonia”), nor shall it (or any part of it) or the fact of its distribution form the basis of, or be relied on in connection with, or act as an inducement to enter into any contract or agreement thereto.
Certain forward-looking statements may be contained in the presentation which include, without limitation, expectations regarding metal prices, estimates of production, operating expenditure, capital expenditure and projections regarding the completion of capital projects as well as the financial position of Caledonia. Although Caledonia believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to be accurate. Accordingly, results could differ from those projected as a result of, among other factors, changes in economic and market conditions, changes in the regulatory environment and other business and operational risks.
Accordingly, neither Caledonia, nor any of its directors, officers, employees, advisers, associated persons or subsidiary undertakings shall be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of relying upon this presentation or any future communications in connection with this presentation and any such liabilities are expressly disclaimed.