Caledonia revenue to grow by 17% in FY24

LEADING research firm Inter Horizon Securities (IH) has projected that revenue at the Victoria Falls Stock Exchange-listed  Caledonia Mining Corporation will grow by 17% to US$171 million in the financial year 2024 (FY24) driven by high production and firming gold prices.

In the financial year 2023, Caledonia saw a revenue of US$146 million, up 3% on the prior period with US$5,70 million attributable to the Bilboes Oxides project.

Margins are expected to improve in the year, with earnings before interest, taxes, depreciation and amortisation (EBITDA) firming up to 43,3%

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