Caledonia Mining Corporation Plc: Short delay to the publication of financial results for the year ended December 31, 2024
Caledonia Mining (NYSE AMERICAN: CMCL) announces a delay in publishing its audited financial statements for the year ended December 31, 2024. The delay stems from an auditor query regarding deferred tax accounting treatment dating back to 2019.
The company emphasizes that this accounting issue is non-cash in nature and will have no impact on its cash position. The financial statements are now expected to be published by March 31, 2025. Management affirms that the company's underlying performance for 2024 remains in line with previous guidance and market expectations.
CFO Chester Goodburn will extend his tenure by one week, stepping down on March 31, 2025, following the financial results publication. The company has rescheduled its investor presentation and Q&A session to March 31, 2025, at 2:00pm London time.
Caledonia Mining (NYSE AMERICAN: CMCL) annuncia un ritardo nella pubblicazione dei suoi bilanci auditati per l'anno terminato il 31 dicembre 2024. Il ritardo è dovuto a una richiesta da parte dell'auditor riguardante il trattamento contabile delle imposte differite risalente al 2019.
La società sottolinea che questa questione contabile è non monetaria e non avrà impatto sulla sua posizione di liquidità. I bilanci sono ora previsti per essere pubblicati entro il 31 marzo 2025. La direzione conferma che le performance sottostanti dell'azienda per il 2024 rimangono in linea con le precedenti indicazioni e le aspettative di mercato.
Il CFO Chester Goodburn estenderà il suo mandato di una settimana, dimettendosi il 31 marzo 2025, dopo la pubblicazione dei risultati finanziari. L'azienda ha riprogrammato la sua presentazione agli investitori e la sessione di domande e risposte per il 31 marzo 2025, alle 14:00 ora di Londra.
Caledonia Mining (NYSE AMERICAN: CMCL) anuncia un retraso en la publicación de sus estados financieros auditados para el año que terminó el 31 de diciembre de 2024. El retraso se debe a una consulta del auditor sobre el tratamiento contable de los impuestos diferidos que data de 2019.
La empresa enfatiza que este problema contable es no monetario y no tendrá impacto en su posición de efectivo. Se espera que los estados financieros se publiquen ahora antes del 31 de marzo de 2025. La dirección afirma que el rendimiento subyacente de la empresa para 2024 sigue en línea con la guía previa y las expectativas del mercado.
El CFO Chester Goodburn extenderá su mandato por una semana, renunciando el 31 de marzo de 2025, tras la publicación de los resultados financieros. La empresa ha reprogramado su presentación para inversores y sesión de preguntas y respuestas para el 31 de marzo de 2025, a las 14:00 hora de Londres.
칼레도니아 마이닝 (NYSE AMERICAN: CMCL)는 2024년 12월 31일 종료된 회계연도의 감사 재무제표 발표가 지연되었음을 발표했습니다. 이 지연은 2019년으로 거슬러 올라가는 이연세금 회계처리에 관한 감사인의 질의에서 비롯됩니다.
회사는 이 회계 문제는 현금과 관련이 없다고 강조하며, 현금 위치에 영향을 미치지 않을 것이라고 밝혔습니다. 재무제표는 이제 2025년 3월 31일 이전에 발표될 것으로 예상됩니다. 경영진은 2024년 회사의 기본 성과가 이전의 지침 및 시장 기대에 부합한다고 확인했습니다.
CFO 체스터 굿번은 재무 결과 발표 후 2025년 3월 31일에 사임하며 임기를 일주일 연장할 것입니다. 회사는 2025년 3월 31일 런던 시간으로 오후 2시에 투자자 발표 및 질의응답 세션을 재조정했습니다.
Caledonia Mining (NYSE AMERICAN: CMCL) annonce un retard dans la publication de ses états financiers audités pour l'année se terminant le 31 décembre 2024. Ce retard est dû à une question de l'auditeur concernant le traitement comptable des impôts différés remontant à 2019.
L'entreprise souligne que ce problème comptable est non monétaire et n'aura aucun impact sur sa position de trésorerie. Les états financiers devraient désormais être publiés d'ici le 31 mars 2025. La direction affirme que la performance sous-jacente de l'entreprise pour 2024 reste en ligne avec les précédentes prévisions et les attentes du marché.
Le CFO Chester Goodburn prolongera son mandat d'une semaine, démissionnant le 31 mars 2025, après la publication des résultats financiers. L'entreprise a reprogrammé sa présentation aux investisseurs et sa session de questions-réponses pour le 31 mars 2025 à 14h00, heure de Londres.
Caledonia Mining (NYSE AMERICAN: CMCL) gibt bekannt, dass sich die Veröffentlichung ihrer geprüften Finanzberichte für das am 31. Dezember 2024 endende Jahr verzögert. Die Verzögerung ergibt sich aus einer Anfrage des Prüfers bezüglich der Behandlung von latenten Steuern, die bis ins Jahr 2019 zurückreicht.
Das Unternehmen betont, dass dieses Buchhaltungsproblem nicht zahlungswirksam ist und keine Auswirkungen auf seine Liquiditätslage haben wird. Die Finanzberichte werden nun voraussichtlich bis zum 31. März 2025 veröffentlicht. Das Management bestätigt, dass die zugrunde liegende Leistung des Unternehmens für 2024 im Einklang mit den vorherigen Prognosen und Markterwartungen bleibt.
Der CFO Chester Goodburn wird seine Amtszeit um eine Woche verlängern und am 31. März 2025 nach der Veröffentlichung der Finanzergebnisse zurücktreten. Das Unternehmen hat seine Investorenpräsentation und die Q&A-Sitzung auf den 31. März 2025 um 14:00 Uhr Londoner Zeit verschoben.
- Company's 2024 performance remains in line with previous guidance
- Accounting issue has no impact on cash position
- Delay in publishing 2024 financial statements due to auditor query
- Potential restatement of deferred tax accounting from 2019
ST HELIER, Jersey, March 21, 2025 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (“Caledonia” or “the Company”) (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announces that in the course of finalising Caledonia’s 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 Company’s cash position.
Consequently, the publication of Caledonia’s 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 Caledonia’s financial results for the year to December 31, 2024.
Revised Conference Call Date:
Due to the delay in publication of the Company’s 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).
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:
Cautionary Note Concerning Forward-Looking Information:
Information and statements contained in this news release that are not historical facts are “forward-looking information” within the meaning of applicable securities legislation that involve risks and uncertainties relating, but not limited, to Caledonia’s current expectations, intentions, plans, and beliefs. Forward-looking information can often be identified by forward-looking words such as “anticipate”, “believe”, “expect”, “goal”, “plan”, “target”, “intend”, “estimate”, “could”, “should”, “may” and “will” 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 Company’s 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 Camilla Horsfall | Tel: +44 1534 679 800 Tel: +44 7817 841 793 |
Cavendish Capital Markets Limited (Nomad and Joint Broker) Adrian Hadden Pearl Kellie | Tel: +44 207 397 1965 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 Paul Durham | Tel: +1 917 991 7701 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 |
FAQ
What is causing the delay in Caledonia Mining's (CMCL) 2024 financial results?
When will CMCL release its delayed 2024 financial results?
Will the accounting issue affect CMCL's cash position?
How does the delay affect CMCL's 2024 performance outlook?
When is CMCL's rescheduled investor presentation for 2024 results?
