The chart below shows how CMCL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CMCL sees a -1.51% change in stock price 10 days leading up to the earnings, and a +4.29% change 10 days following the report. On the earnings day itself, the stock moves by -0.25%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Revenue Increase Analysis: Revenue increased by 13.6%, attributed to higher prices received, resulting in a 28% increase in revenue.
Gross Profit Increase: Gross profit rose by 37% for the quarter, indicating strong operational performance.
Stable Gold Production: Production at Motapa stabilized, with nearly 19,000 ounces of gold produced, maintaining a solid production run rate.
Solar Plant Sale Profit: The company announced the sale of a solar plant for just over $22 million, which was built at a cost of about $14 million, generating a significant profit.
Consistent Cash Generation: Cash generation remained consistent, with over $16 million generated for the quarter, reflecting strong financial health.
Negative
Employee Loss Announcement: We have lost one of our treasured employees, an assistant, on the 21st of September.
Gold Production Comparison: Just under 19,000 ounces of gold were produced in the quarter, a little bit less than we did in the same quarter of 2023.
Foreign Exchange Losses Impact: We suffered the headwinds of continued foreign exchange losses and some other unusual expenses which Chester will outline in due course.
Foreign Exchange Losses: We incurred $3.1 million of foreign exchange losses, $800,000 of that would be intercompany foreign exchange losses that are not eliminated.
Significant Financial Loss: We have suffered in total amount of $9.3 million worth of loss now that's significant for our business.
Caledonia Mining Corporation Plc (CMCL) Q3 2024 Earnings Call Transcript
CMCL.A
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