investment case: A high-margin business committed to growth

CAML offers the combination of a 13-year track record of reliable dividends, a strong balance sheet and a commitment to growth. Since the Company’s initial public offering (IPO) in 2010, CAML has returned a total of $380 million in cash to its shareholders, representing 188 pence per share, far exceeding the $214 million it has raised in equity.

The Company’s low-cost base metals operations returned an EBITDA margin of 47% in 2024, and CAML’s cash balance grew to $67.6 million whilst the Group remained debt free. This balance sheet strength and reliable cash flow gives CAML the financial flexibility to realise its ambition of building a pipeline of production and development projects through which to grow.