- The company booked net income of $6 million in Q1 and its gold mine in Zimbabwe is set to boost its annual output to around 80,000 ounces this year.
- However, this improved performance is in line with the life of mine plan for the project, and reserves are expected to run out in 2026.
- Caledonia's market valuation stands at $173.4 million, and the company's share of the remaining net cash flow from Blanket is around $117.2 million.
- In my view, risk-averse investors should avoid Caledonia’s stock.
For further details see:
Caledonia Mining Looks Overvalued Based On Fundamentals