Caledonia Mining Corporation Plc (NYSEAMERICAN:CMCL) is one of the Most Profitable Stocks.
On May 11, Caledonia Mining Corporation Plc (NYSEAMERICAN:CMCL) reported Q1 revenue of $66.43 million with a 18.3% growth YoY. EBITDA climbed by 50.2% to $33.87 million as higher gold prices offset lower production. The company said profit after tax rose 69.4% to $18.91 million, with gross profit increasing 19.2% to $32.10 million.
The corporation also reported consolidated gold sales of 13,784 ounces as compared to 19,388 ounces a year earlier. It noted constrained access to higher grade areas that reduced head grade to 2.5g/t from 3.1g/t and lowered recovery rates. Costs followed, with on-mine costs averaging $1,740 per ounce and AISC reaching $2,765 per ounce.
Caledonia Mining Corporation Plc (NYSEAMERICAN:CMCL) had an operating cash flow of $18.87 million and a free cash flow of $12.28 million. It also declared a $0.14 dividend payable June 5, 2026. CEO Mark Learmonth said higher prices “offset the impact of lower production,” adding grade improvements continued into April.
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Caledonia Mining Corporation Plc (NYSEAMERICAN:CMCL) explores, develops, and produces gold and other precious metals from its mineral properties. Its projects include Blanket Gold Mine and Maligreen.
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