Caledonia Mining

Caledonia Mining Corporation Plc is a Zimbabwean focused exploration, development and mining corporation. Caledonia owns a 64% stake in the gold-producing Blanket Mine, 100% stakes in the Bilboes Sulphide Project and the Motapa and Maligreen gold mining claims, all situated in Zimbabwe.

After increasing the production at Blanket to 80,000oz in 2022 our main focus areas are to maintain production at around 74-78,000oz at Blanket, complete the Bilboes feasibility study and become a multi-asset gold producer in Zimbabwe.

The Company pays a quarterly dividend of 14 cents a share which is a yield of around around 3.3%.

Major shareholders:
Shining Capital 10.01%

Allan Gray – 5.75%

BlackRock – 5.00%

Baker Steel Resources Trust – 4.16%

Fremiro Investments – 3.78%

Management Ownership – 15.24%

Management Profile

Mark Learmonth, CEO

Mr Learmonth joined Caledonia in July 2008. Prior to this, he was a Division Director of Investment Banking at Macquarie First South in South Africa, and has over 17 years’ experience in corporate finance and investment banking, predominantly in the resources sector in Africa.

Mr Learmonth graduated from Oxford University and is a chartered accountant. Mr Learmonth is a member of the Executive Committee of the Chamber of Mines, Zimbabwe. Mr Learmonth was appointed Caledonia’s Chief Financial Officer in November 2014.