Caledonia Mining (AIM: CMCL)
Announced its operating and financial results for the year ended December 31, 2021.
2021 Financial Highlights included, Gross revenues increased by 21% to $121 million, Gross profit of $54.1 million (Up 17%), and EBITDA of $46.4 million (up 2%).
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Caledonia Mining | AIM: CMCL |
Stage | Production, exploration |
Metals | Gold |
Market cap | £150 m @ £11.65 |
Location | Zimbabwe |
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Caledonia Mining Release Strong 2021 Annual Results
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Caledonia Mining (AIM: CMCL) Announced its operating and financial results for the year ended December 31, 2021.
2021 Financial Highlights included, Gross revenues increased by 21% to $121 million, Gross profit of $54.1 million (Up 17%), and EBITDA of $46.4 million (up 2%).
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2021 Financial Highlights
· Gross revenues of $121 million (2020: $100 million).
· Gross profit of $54.1 million (2020: $46.7 million).
· EBITDA of $46.4 million (2020: $45.4 million).
· On-mine cost per ounce[1] of $742 (2020: $744).
· Normalised all-in sustaining cost per ounce1 (i.e. excluding the effect of the export credit incentive and its successor scheme) of $990 (2020: $967).
· Adjusted earnings per share1 of 226 cents (2020: 204 cents).
· Net cash from operating activities of $30.9 million (2020: $30.9 million).
· Net cash and cash equivalents of $17.2 million (2020: $19.1 million).
· Total dividend paid of 50 cents per share, a 49 per cent increase from 2020.
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