Cantor Fitzgerald

Caledonia Mining Corporation Plc is a gold exploration, development, and mining company headquartered in Saint Helier, Jersey. It primarily operates the Blanket Mine, located in Zimbabwe, where it holds a 64% interest. The Blanket Mine has a production capacity of approximately 40,000 ounces of gold per annum and is situated about 750 meters below the surface. Following a successful expansion project in 2010, the mine has been able to increase its output significantly. Caledonia also explores and develops additional mineral properties for precious metals, including silver, with projects such as Maligreen and Motapa. The company has demonstrated a commitment to growth by implementing a capital investment program funded by internally generated cash, aimed at enhancing production and exploring down-dip extensions of known ore bodies. Additionally, Caledonia has a strong management team with extensive expertise in mining and finance, and it has been consistently paying dividends since 2012, reflecting its financial performance and investment strategies.