Caledonia Mining Corporation Announces Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015
Aug 13 15
Caledonia Mining Corporation announced unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of CAD 15,555,000 compared to CAD 15,014,000 a year ago. Profit from operating activities was CAD 3,788,000 compared to CAD 1,831,000 a year ago. Profit before income tax was CAD 3,759,000 compared to CAD 1,788,000 a year ago. Profit attributable to shareholders of the company was CAD 1,840,000 or 3.4 cents per diluted share compared to CAD 324,000 or 0.5 cents per diluted share a year ago. Adjusted basic earnings per share were 3.7 cents compared to 2.3 cents a year ago. Cash from operating activities was CAD 1,658,000 compared to CAD 2,631,000 a year ago. Property, plant and equipment additions were CAD 1,550,000 compared to CAD 3,466,000 a year ago.
For the six months, the company reported revenue of CAD 32,618,000 compared to CAD 31,008,000 a year ago. Profit from operating activities was CAD 8,220,000 compared to CAD 5,088,000 a year ago. Profit before income tax was CAD 8,150,000 compared to CAD 5,001,000 a year ago. Profit attributable to shareholders of the company was CAD 4,265,000 or 8.0 cents per diluted share compared to CAD 1,878,000 or 3.3 cents per diluted share a year ago. Adjusted basic earnings per share were 7.8 cents compared to 5.2 cents a year ago. Cash from operating activities was CAD 7,885,000 compared to CAD 5,902,000 a year ago. Property, plant and equipment additions were CAD 3,582,000 compared to CAD 7,252,000 a year ago.
For the quarter, the company reported gold production of 11,223 oz compared to 10,401 oz a year ago.
For the six months, the company reported gold production of 21,464 oz compared to 20,361 oz a year ago.
Caledonia Mining Corporation Announces Executive Appointments
Aug 10 15
Caledonia Mining Corporation announce that John Mark Learmonth (Mark Learmonth) has joined the Board as Chief Financial Officer and David Norval Henderson has joined the board as a non-executive director, both appointments with immediate effect. Mr. Learmonth joined Caledonia in July 2008. Prior to this, he was a Division Director of Investment Banking at Macquarie First South in South Africa, and has over 17 years' experience in corporate finance and investment banking, predominantly in the resources sector in Africa. Mr. Learmonth was appointed Caledonia's Chief Financial Officer (although not appointed to the Board) in November 2014. The names of all companies of which Mr. Learmonth, has been a director at any time in the previous five years are: Greenstone Management Services Limited, Caledonia Mining South Africa, and Blanket Mine (1983) Private Limited. He previously served at Macquarie First South Capital as a Director. Mr. Henderson is a project manager, whose engineering background includes the planning, development and operation of gold and base metal operations in Canada, U.S.A., South America, Europe, Africa and Eastern Russia. Mr. Henderson has affiliations with the following professional organizations: Professional Engineers Ontario, the Canadian Institute of Mining and Metallurgy and the American Institute of Mining Engineers.