Caledonia Mining (CMCL) has released an update.
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Caledonia Mining Corporation Plc has reported a stable financial performance for 2023, with a modest revenue increase to $146.3 million due to higher gold prices, despite a dip in gross profit to $41.5 million following elevated production costs. The company, aligning with 2024 market expectations, has declared a quarterly dividend of $0.14 per share. Administrative expenses rose significantly due to one-off payments and advisory fees associated with the Bilboes acquisition.
For further insights into CMCL stock, check out TipRanks’ Stock Analysis page.
