Caledonia Mining Corporation Plc: Appointment of New Chief Financial Officer

ST HELIER, Jersey, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or "the Company") (NYSE AMERICAN, AIM and VFEX: CMCL) announces that its Chief Financial Officer ("CFO"), Chester Goodburn, will step down from his role on 24 March 2025, following the publication of Caledonia's financial results for the year to December 31, 2024. He will be succeeded, with immediate effect, by Ross Jerrard, subject to satisfaction of standard checks.

Mr Goodburn has served as Caledonia's CFO since July 1, 2022, prior to which he had been Caledonia's Group Financial Manager and Chief Information Officer. Mr Goodburn will be retained on a consultancy basis for a brief period to ensure an orderly transition.

Mr Jerrard, aged 50, brings extensive experience in financial leadership, having been the CFO of Centamin plc from April 2016 until its acquisition by AngloGold Ashanti Plc in November 2024 for a deal value of $2.5 billion. Centamin was a former FTSE-250 dual-listed (London and Canada) mining company with operations in Egypt and West Africa. Centamin's flagship asset was the Sukari gold mine in Eqypt which is one of the world's largest gold mines producing 450,000 ounces of gold per annum. Mr Jerrard is a member of the Institute of Chartered Accountants of Australia and New Zealand and the Institute of Chartered Accountants of Zimbabwe.

Mark Learmonth, Chief Executive Officer, said:

"Chester has made a substantial contribution to Caledonia's growth since he joined us in 2014, the last two-and-a-half years as CFO. Along with the board and his colleagues, I thank him for his time at Caledonia and we wish him well in his future endeavours.

"I am pleased to welcome Ross to Caledonia. He brings a depth and breadth of experience which will be invaluable to Caledonia as we advance our strategy to become a mid-tier, Zimbabwe-focussed gold producer."

Enquiries

 
Caledonia Mining Corporation Plc 
 Mark Learmonth                                  Tel: +44 1534 679 800 
 Camilla Horsfall                                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 
 Julia Tilley 
 Elfie Kent 
 
3PPB (Financial PR, North America) 
 Patrick Chidley                                 Tel: +1 917 991 7701 
 Paul Durham                                     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 
 

(END) Dow Jones Newswires

February 19, 2025 02:00 ET (07:00 GMT)