Q2 2023 Caledonia Mining Corporation PLC Earnings Call Transcript

Aug 14, 2023 / 01:00PM GMT
Mark Learmonth - Caledonia Mining Corporation Plc - CEO & Director

For today, there's me, Mark Learmonth, Caledonia's Chief Executive. There is Victor Gapare, who is, as you all know, one of the vendors of the Bilboes asset; he's an Executive Director. We've got Chester Goodburn, CFO, based in Johannesburg. Dana Roets, also, Chief Operating Officer, based in Johannesburg. Maurice Mason, Vice President, Corporate Development and Camilla, VP, Group Communications; they're both based in the UK.

Should we get going? So without beating about the bush, it was another very challenging quarter. As I'm going to go through these, my comments will be focused on Q2 compared to Q2 previous years. We do, for reference, show six-month numbers there, but I prefer to focus just on the quarter.

So production was 18,500 ounces. That includes a very disappointing 1,000 ounces from Bilboes, so it's about 17,400 from Blanket. I'll ask Dana and Victor, respectively, to discuss the operational issues facing Blanket and Bilboes, respectively.

Pretty much saved by the high gold price. A high gold

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