2023-05-15 02:38:35 ET
- Caledonia Mining press release ( NYSE: CMCL ): Q1 Non-GAAP EPS of $0.29.
- Revenue of $29.4M (-16.2% Y/Y).
- Reduced EBITDA contribution in the period of $2.25M (Q1 2022: $14.5M).
- All-in sustaining cost of $1,412 per ounce (Q1 2022: $848 per ounce).
- Net cash outflow from operating activities of $0.9 million (Q1 2022: net cash inflow of $10.2 million).
- Net cash and cash equivalents of $3.2 million (Q1 2022: $14.4 million).
- Outlook: Production guidance for Blanket for the year to December 31, 2023 of between 75,000 and 80,000 ounces of gold is maintained.
- Guidance for consolidated all-in sustaining costs per ounce was between $1,150 and $1,250 per ounce, which included the anticipated production and associated costs at the Bilboes oxide mine in respect of which production and cost guidance has been withdrawn.
- AISC excluding Bilboes oxides is expected to be in the range of $935 to $1,035 per ounce.
For further details see:
Caledonia Mining Non-GAAP EPS of $0.29, revenue of $29.4M; reiterates FY23 outlook