Balance Sheet

Current Liabilities	40.1m
Accounts Payable	20.5m
Short-Term Debt	18.4m
Other Current Liabilities	1.2m
Non-Current Liabilities	48.5m
Long-Term Debt	6.5m
Other Non-Current Liabilities	42m

Currency: USD

	Dec-2014	Dec-2015	Dec-2016	Dec-2017	Dec-2018	Dec-2019	Dec-2020	Dec-2021	Dec-2022	Dec-2023
Assets
Cash & Cash Equivalents	23	13	14	13	11	9	19	17	7	7
Cash Equivalents	23	13	14	13	11	9	19	17	7	7
Total Receivables	2	4	3	5	6	7	5	8	9	11
Accounts Receivables	0	0	1	1	3	3	1	5	7	5
Other Receivables	2	4	2	4	4	4	4	4	2	6
Inventory	7	6	7	9	9	11	17	21	18	20
Other Current Assets	0	1	1	1	1	3	4	7	4	19
Total Current Assets	32	24	26	28	28	30	45	53	38	54
PP&E Net	35	49	65	82	97	114	133	158	197	274
PP&E Gross	35	49	65	82	97	114	133	158	197	274
Accumulated Depreciation	29	20	23	27	30	35	39	46	55	68
Other Long-Term Assets	0	0	0	0	0	0	0	0	0	0
Total Assets	67 N/A	73 +9%	91 +25%	110 +21%	126 +14%	144 +14%	178 +24%	211 +19%	235 +12%	328 +40%
Liabilities
Accounts Payable	2	3	5	10	8	5	9	10	18	21
Short-Term Debt	0	2	0	0	0	1	0	1	12	18
Current Portion of Long-Term Debt	0	0	1	2	0	1	1	0	0	0
Other Current Liabilities	3	4	3	4	5	4	1	7	3	1
Total Current Liabilities	5	8	10	16	12	10	10	18	32	40
Long-Term Debt	0	0	2	0	6	2	0	0	0	6
Deferred Income Tax	9	11	16	20	23	3	4	8	5	6
Minority Interest	1	2	4	6	8	16	17	19	22	24
Other Liabilities	3	3	4	6	5	4	6	4	4	11
Total Liabilities	17 N/A	24 +43%	35 +46%	47 +33%	55 +18%	35 -36%	36 +4%	50 +36%	64 +29%	89 +38%
Equity
Common Stock	55	55	55	55	55	56	75	83	84	165
Retained Earnings	2	1	7	14	22	61	76	88	97	85
Other Equity	3	7	6	6	7	9	9	9	10	10
Total Equity	50 N/A	49 -2%	56 +14%	63 +14%	71 +11%	108 +54%	142 +31%	161 +14%	171 +6%	240 +40%
Total Liabilities & Equity	67 N/A	73 +9%	91 +25%	110 +21%	126 +14%	144 +14%	178 +24%	211 +19%	235 +12%	328 +40%
Shares Outstanding
Common Shares Outstanding	10	10	11	11	11	11	12	13	13	19

Caledonia Mining Corporation PLC
NYSE-MKT:CMCL