How did CMCL's revenue and expenses shift in Q4 2024?

Caledonia Mining Corporation (CMCL) experienced a significant shift in its revenue and expenses in Q4 2024, primarily driven by changes in the business segments' performance.

1. **Revenue Shift**:
- The company's revenue was predominantly generated from the Blanket Mine, with $179.37 million in revenue, and $132.85 million from the same source in the previous quarter. This indicates a strong performance from the Blanket Mine segment.
- The Bilboes Oxide Mine contributed $3.65 million and $2.65 million in revenue in Q4 2024 and the preceding quarter, respectively. This suggests a decrease in revenue from this segment.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|CMCL|CMCL.A|Caledonia Mining|20240101-2024|Bilboes Oxide Mine|3649000|170|
|CMCL|CMCL.A|Caledonia Mining|20240101-2024|Bilboes Oxide Mine|2653000|170|
|CMCL|CMCL.A|Caledonia Mining|20240101-2024|Bilboes Oxide Mine|1698000|170|
|CMCL|CMCL.A|Caledonia Mining|20240101-2024|Bilboes Oxide Mine|833000|170|
|CMCL|CMCL.A|Caledonia Mining|20240101-2024|Bilboes Oxide Mine|833000|170|
|CMCL|CMCL.A|Caledonia Mining|20240101-2024|Blanket Mine|3.7695E7|170|

2. **Expense Shift**:
- The net income for Q4 2024 was $7.52 million. This figure indicates that the company's expenses were effectively managed to achieve a positive net income.

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|CMCL|CMCL.A|Caledonia Mining|2023 Q4|83.82279430142464|-2589000|170|
|CMCL|CMCL.A|Caledonia Mining|2024 Q1|165.97189695550352|2817000|170|
|CMCL|CMCL.A|Caledonia Mining|2024 Q2|4022.709163346614|1.0348E7|170|
|CMCL|CMCL.A|Caledonia Mining|2024 Q3|-42.44440553318158|3287000|170|

In conclusion, Caledonia Mining Corporation saw a notable increase in revenue from the Blanket Mine, while experiencing a decline in revenue from the Bilboes Oxide Mine. The company's expenses were well-controlled, as evidenced by the positive net income recorded for Q4 2024.