Caledonia Mining full-year results delayed to end of March

(Sharecast News) - Caledonia Mining said on Friday that the publication of its audited financial results for the year ended 31 December would be delayed due to an accounting query raised by its auditors regarding the treatment of deferred tax dating back to 2019. The AIM-traded firm said it was working with its auditors to assess the matter, and expected to release its results by the end of March.

Caledonia emphasised that the issue was non-cash in nature, and did not affect its financial position.

The board said it expected the company's underlying performance for 2024 to be in line with previous guidance and market expectations.

Chester Goodburn, who was due to step down as chief financial officer, would remain in post until the results were published on 31 March.

The company's results presentation and session for analysts and investors had been rescheduled for the same date, at 1400 London time.

At 1139 GMT, shares in Caledonia Mining Corporation were up 0.56% at 890p.

Reporting by Josh White for Sharecast.com.