Caledonia Mining Company Plc (CMCL) Analyst/Investor Day Transcript


Mark Learmonth
CEO & Non-Impartial Director

Okay. Let’s begin. IT‘s half previous 9:00. So good morning, and welcome to this Caledonia Mining Capital Markets Day. So along with the individuals within the room right here right this moment in New York, I consider we have about 250 individuals becoming a member of us on-line from different elements of the world, primarily the U.Okay. and Zimbabwe.

Right now, we are going to present you the way a confirmed Zimbabwe gold producer that intends to develop from roughly 75,000 ounces of gold a yr to greater than 270,000 ounces of gold in 2029, whereas sustaining the working and monetary self-discipline that has outlined our enterprise.

I am Mark Learmonth, Chief Govt Officer. I have been with Caledonia since 2008, following a profession in funding banking in Johannesburg and London. I turned CEO in June 2022, having beforehand served as the corporate’s CFO since 2014.

I draw your consideration to the disclaimer, which incorporates necessary Information relating to forward-looking statements, and you must learn IT along with right this moment’s displays.

So Caledonia is constructed on high-quality gold tasks, all situated in Zimbabwe. Blanket Mine, our present cornerstone asset, which produced 76,000 ounces of gold in 2025 and made about $85 million of revenue after tax. Bilboes is our fast improvement mission. IT will produce 1.5 million ounces of gold over a lifetime of mine of almost 11 years with first manufacturing anticipated on the finish of 2028.

IT has a funding want of about $600 million and


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