CA - Caledonia Mining: Tough Q4 But Long-Term Favorable

2024-04-04 01:00:04 ET

Summary

• Caledonia Mining Corporation has faced disappointments in lower production, lower-than-expected output from the Bilboes project, and higher costs.
• CMCL's future outlook includes lower gold production, the potential sale of the Blanket solar plant, and the exploration of funding options for the Bilboes project.
• The decline in operating cash flows has been offset by higher gold prices, and the company's valuation suggests it is fairly valued at just under $11 per share.

Caledonia Mining Corporation PLC ( CMCL ) is a curious gold miner out in Zimbabwe, whose primary asset is the Blanket Mine. It was one of the first stocks I chose to cover, back in November . Since then, the market has been fairly indecisive about it....

For further details see: