Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) chief executive Mark Learmonth talked with Proactive's Stephen Gunnion about the company's 2024 performance and 2025 plans. Despite challenges mid-year, including a fall of ground in a high-grade area, the company achieved strong fourth-quarter results, producing 76,600 ounces of gold—within its guidance range. Learmonth highlighted that December's robust production set up 2025 for a positive start, with a record stockpile of 8,000 tonnes of ore.
Looking ahead, Caledonia's $35 million capital expenditure program for 2025 focuses on modernisation and strengthening the Blanket Mine’s operations, with investments in safety, ventilation, and IT systems. The company is also advancing its Bilboes feasibility study, expected in Q1 2025, and expanding exploration efforts at Motapa.
Learmonth noted that the sale of the solar project is expected to be completed by the end of January 2025, providing a significant cash inflow. “This investment reflects our commitment to building a stronger, more sustainable business,” he said.