Caledonia Mining Corporation plc released its annual report for the fiscal year ending December 31, 2024. The company reported that Blanket production reached 76,656 ounces, which was over the lower end of the revised guidance range of 74,000 - 78,000 ounces. In terms of financial operations, Caledonia raised approximately $16.6 million before expenses through a placing of depositary interests and depositary receipts in its shares across the UK, South Africa, and Zimbabwe during March and April 2023. Notably, there was no equity raise during 2024. The company's financial performance was influenced by factors such as the fluctuating price of gold and production tonnages, impacting the amount of gold produced in their operations. Additionally, the company obtained necessary approvals from the RBZ to secure foreign currency for normal business operations throughout 2024.
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