CMCL Insider Trading

Caledonia Mining (NYSE:CMCL, AIM:CMCL) is a profitable cash generative gold producer with a strong growth profile, Caledonia’s primary asset is the Blanket Mine in Zimbabwe. By 2022 the Company plans to increase its annual production by 37%, up to 80,000 ounces. The Company is listed in New York and London with a current Market Capitalisation of U$174m. Caledonia’s flagship asset is the Blanket Gold Mine in Zimbabwe, Caledonia has a prime position in Zimbabwe, one of the last gold frontiers in Africa with substantial exploration potential. Production in 2020 was 58,000 ounces at an AISC of around $900 per ounce. AISC Cost guidance post the growth to 80,000 ounces by 2022 will be $700 - $800 per ounce. Caledonia has a life of mine of 13 years to 2034. Caledonia has a strong balance sheet with no long-term debt and $21m in cash. The Company pays a quarterly dividend which increased in April 2021 to 12 cents a share. The dividend has been increased 5 times in the last 18 months & is a 75% cumulative increase from 6.875 cents announced in October 2019. Caledonia is committed to evaluating investment opportunities in Zimbabwe and has entered into two option agreements to acquire the mining claims over Glen Hume and Connemara North. The properties are in Gweru mining district, an area that has historically produced significant quantities of gold. The Company’s long-term vision is to become a sustainable, multi asset mid-tier producer, focused on organic growth and making genuine return for our shareholders