REG - Caledonia Mining Crp - Short delay to publication of financial results

Caledonia MiningAnnouncement

21/03/2025 07:15

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RNS Number : 5808B  Caledonia Mining Corporation PLC  21 March 2025

 

Caledonia Mining Corporation Plc

Short delay to the publication of financial results for the year
ended December 31, 2024

 

(NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL)

 

St Helier, March 21, 2025: Caledonia Mining Corporation Plc (ÒCaledoniaÓ or
Òthe CompanyÓ) announces that in the course of finalising CaledoniaÕs
financial statements for the year ended December 31, 2024, the auditors have
raised a query regarding the accounting treatment of deferred tax dating back
to 2019. The Company is working diligently with its auditors to assess and
evaluate the implications of this query. In any event, the outcome of the
query will have no impact on the CompanyÕs cash position.

 

Consequently, the publication of CaledoniaÕs audited financial statements for
the year ended December 31, 2024 will be delayed until this matter is
resolved, but they are expected to be published no later than March 31, 2025.

 

As the accounting issue in question is non-cash in nature, the Board expects
the underlying performance of the Company for the year ended December 31, 2024
to be in line with previous guidance and market expectations.

 

Chester Goodburn will remain in his role as CFO for an additional week and
step down on March 31, 2025, following the publication of CaledoniaÕs
financial results for the year to December 31, 2024.

 

Revised Conference Call Date:

Due to the delay in publication of the CompanyÕs audited financial results,
the presentation for analysts and investors will be held on March 31, 2025
at 2:00pm London time, followed by an opportunity to ask questions.

A presentation of the results and outlook for Caledonia will be available on
Caledonia's website (www.caledoniamining.com (https://www.caledoniamining.com)
).

Details:

 

When: March 31, 2025 at 2:00pm London time

Topic: Full Year and Q4 2024 Results Call for Investors

Register in advance for this webinar:

https://brrmedia.news/CMCL_Q4 (https://brrmedia.news/CMCL_Q4)

Cautionary Note Concerning Forward-Looking Information:

 

Information and statements contained in this news release that are not
historical facts are Òforward-looking informationÓ within the meaning of
applicable securities legislation that involve risks and uncertainties
relating, but not limited, to CaledoniaÕs current expectations, intentions,
plans, and beliefs. Forward-looking information can often be identified by
forward-looking words such as ÒanticipateÓ, ÒbelieveÓ, ÒexpectÓ,
ÒgoalÓ, ÒplanÓ, ÒtargetÓ, ÒintendÓ, ÒestimateÓ, ÒcouldÓ,
ÒshouldÓ, ÒmayÓ and ÒwillÓ or the negative of these terms or similar
words suggesting future outcomes, or other expectations, beliefs, plans,
objectives, assumptions, intentions or statements about future events or
performance. Examples of forward-looking information in this news release
include: that the outcome of the query by the auditors will have no impact on
the CompanyÕs cash position, that the publication of the audited financial
statements for the year ended December 31, 2024 will be delayed but will be
published no later than March 31, 2025, that the accounting issue at hand is
non-cash in nature, that the underlying performance of Caledonia for the year
ended December 31, 2024 will be in line with previous guidance and market
expectations and that Chester Goodburn will remain in his role as CFO for an
additional week and step down on March 31, 2025.

 

The forward-looking information contained in this news release is based, in
part, on assumptions and factors that may change or prove to be incorrect,
thus causing actual results, performance or achievements to be materially
different from those expressed or implied by forward-looking information. Such
factors and assumptions include, but are not limited to: risks related to the
nature and extent of the query by the auditors and its implications on
financial statements of Caledonia, including whether the Company will need to
restate its financials for any historical period.

 

Security holders, potential security holders and other prospective investors
are cautioned not to place undue reliance on forward-looking information. By
its nature, forward-looking information involves numerous assumptions,
inherent risks and uncertainties, both general and specific, that contribute
to the possibility that the predictions, forecasts, projections and various
future events will not occur. Caledonia undertakes no obligation to update
publicly or otherwise revise any forward-looking information whether as a
result of new information, future events or other such factors which affect
this information, except as required by law.

 

This news release is not an offer of the shares of Caledonia for sale in the
United States or elsewhere. This news release shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any sale of
the shares of Caledonia, in any province, state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such province, state or
jurisdiction.

 

Enquiries:

 Caledonia Mining Corporation Plc

 Mark Learmonth                                              Tel: +44 1534 679 800

 Camilla Horsfall                                            Tel: +44 7817 841 793
 Cavendish Capital Markets Limited (Nomad and Joint Broker)

 Adrian Hadden                                               Tel: +44 207 397 1965

 Pearl Kellie                                                Tel: +44 131 220 9775
 Panmure Liberum (Joint Broker)

 Scott Mathieson/Ailsa MacMaster                             Tel: +44 20 3100 2000
 Camarco, Financial PR (UK)

 Gordon Poole                                                Tel: +44 20 3757 4980
 3PPB (Financial PR, North America)

 Patrick Chidley                                             Tel: +1 917 991 7701

 Paul Durham                                                 Tel: +1 203 940 2538
 Curate Public Relations (Zimbabwe)

 Debra Tatenda                                               Tel: +263 77802131
 IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)

 Lloyd Mlotshwa                                              Tel: +263 (242) 745 119/33/39

 

 

 

 

 

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