Caledonia Mining Corp. PLC

CMCL NYSE Materials · Gold and Silver Ores St Helier, United Kingdom www.caledoniamining.com/
$22.17
Mkt Cap 428.0M

Gold mining company operating the Blanket Mine in Zimbabwe, with the Bilboes development project in the same region.

From the annual report

Caledonia Mining Corporation Plc (previously Caledonia Mining Corporation) was incorporated, effective February 5, 1992, by the amalgamation of three predecessor companies and was registered at the time under the Canada Business Corporations Act. Following the creation of Caledonia its shares were listed on the TSX and quoted on the NASDAQ small caps market. On October 16, 1998, Caledonia announced that NASDAQ would no longer quote its securities for trading. Caledonia’s stock commenced trading on the OTCQX in June 2005. Effective April 1, 2006 the Company purchased 100% of the issued shares of the Zimbabwean company, CHZ, that held 100% of the shares of Blanket Mine. The purchase consideration was $1,000,000 and 20,000,000 shares of Caledonia. The Company acquired all the assets and assumed all the liabilities of CHZ. The Company re-domiciled from Canada to Jersey using a legal process called Continuance on March 19, 2016. The Company operates under the Companies (Jersey) Law 1991, as amended, (the Companies Law ). The Continuance had no effect on the Company’s listing on the TSX or on the trading facilities on AIM in London or on the OTCQX in the United States of America. On July 24, 2017, the Company announced that its shares would be listed on the NYSE American and trading began on July 27, 2017. The trading of the Company’s shares on the OTCQX ceased upon the commencement of trading on the NYSE American. 24 Table of Contents Caledonia voluntary delisted its shares from the TSX on June 19, 2020.

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REVENUE TTM
$183.0M
FCF TTM
$14.5M
P/E RATIO
18.6x
P/FCF
29.6x
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