Caledonia Mining Release Strong Annual Results

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%).

 

.

Caledonia Mining AIM: CMCL
Stage Production, exploration
Metals Gold
Market cap £150 m @ £11.65
Location Zimbabwe

 

.

Caledonia MIning

Caledonia MIning location in Zimbabwe

 

.

Caledonia Mining Release Strong 2021 Annual Results

.

.

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%).

.

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.  

.

.

To read the full RNS, please click here