<p>泽西岛圣赫利尔，2025 年 12 月 19 日（全球新闻通讯社）——2025 年 12 月 1 日，加勒多尼亚矿业公司（Caledonia Mining Corporation Plc）（“加勒多尼亚” 或 “公司”）（纽约证券交易所 AMERICAN，AIM 和 VFEX：CMCL）发布了一项公告，涉及对津巴布韦 2026 年国家预算中适用于黄金矿工的特许权使用费和税收制度的拟议变更。拟议的变更涉及特许权使用费和资本支出的税收可扣除性等内容。</p>
<p>加勒多尼亚指出，2025 年 12 月 17 日，津巴布韦财政部长在津巴布韦议会对 2026 年国家预算的第二次审议中宣布了对这些提案的某些变更，具体如下；</p>
<ul>
<li>当黄金价格超过每盎司 2500 美元时，提议将特许权使用费率从 5% 提高到 10% 的提案，现在仅在黄金价格超过每盎司 5000 美元时适用。</li>
<li>提议对资本支出的税收处理进行变更，即当前 100% 的前期扣除将改为在项目生命周期内分摊，影响时机，但不影响应缴税款的总额，已被撤回。</li>
<li>对离岸贷款利息征收 15% 的预扣税的提议已被撤回。虽然这一条款对加勒多尼亚现有的运营影响不大，但对加勒多尼亚目前预计将以大量离岸债务融资的比尔博斯黄金项目将产生不利影响。</li>
</ul>
<p>这些修订后的提案尚未得到议会的批准，但预计将在年底前生效，前提是黄金价格保持在每盎司 5000 美元以下，这将不会改变加勒多尼亚在津巴布韦资产组合的财务前景。</p>
<p><strong>加勒多尼亚首席执行官马克·利尔蒙特评论道：</strong></p>
<p><em>“津巴布韦 2026 年国家预算尚未成为法律。然而，我们欢迎本周宣布的修订条款，我们相信这表明了津巴布韦政府对矿业部门及未来矿业项目发展的支持。”</em></p>
<p><strong>咨询：</strong></p>
<table>
<thead>
<tr>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>加勒多尼亚矿业公司</strong></td>
<td></td>
</tr>
<tr>
<td>马克·利尔蒙特</td>
<td></td>
</tr>
<tr>
<td>卡米拉·霍斯法尔</td>
<td>电话：+44 1534 679 800</td>
</tr>
<tr>
<td>电话：+44 7817 841 793</td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
</tr>
<tr>
<td><strong>卡文迪什资本市场有限公司（提名顾问和经纪人）</strong></td>
<td></td>
</tr>
<tr>
<td>阿德里安·哈登</td>
<td></td>
</tr>
<tr>
<td>珀尔·凯利</td>
<td>电话：+44 207 397 1965</td>
</tr>
<tr>
<td>电话：+44 131 220 9775</td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
</tr>
<tr>
<td><strong>卡马尔科，金融公关（英国）</strong></td>
<td></td>
</tr>
<tr>
<td>戈登·普尔</td>
<td></td>
</tr>
<tr>
<td>埃尔菲·肯特</td>
<td>电话：+44 20 3757 4980</td>
</tr>
<tr>
<td></td>
<td></td>
</tr>
<tr>
<td><strong>库拉特公共关系（津巴布韦）</strong></td>
<td></td>
</tr>
<tr>
<td>德布拉·塔滕达</td>
<td>电话：+263 77802131</td>
</tr>
<tr>
<td></td>
<td></td>
</tr>
<tr>
<td><strong>IH 证券（私人）有限公司（VFEX 赞助商 - 津巴布韦）</strong></td>
<td></td>
</tr>
<tr>
<td>劳埃德·姆洛茨瓦</td>
<td>电话：+263 (242) 745 119/33/39</td>
</tr>
</tbody>
</table>
<p><strong>关于前瞻性声明的警示说明</strong></p>
<p>本文件中包含的信息和声明不是历史事实，而是适用证券立法意义上的 “前瞻性信息” 或 “前瞻性声明”（统称 “前瞻性声明”），涉及与加勒多尼亚当前的期望、意图、计划和信念相关的风险和不确定性，但不限于此。前瞻性声明通常可以通过诸如 “预期”、“相信”、“期望”、“目标”、“计划”、“目标”、“打算”、“估计”、“可能”、“应该”、“可以” 和 “将” 或这些术语的否定形式或类似词汇来识别，暗示未来结果或其他期望、信念、计划、目标、假设、意图或关于未来事件或表现的声明。本文件中的前瞻性声明示例包括：我们预计对特许权使用费和税收制度的拟议变更将如本文件所述生效；因此，我们预计加勒多尼亚在津巴布韦的资产组合的财务前景不会发生变化。这些前瞻性声明部分基于可能会发生变化或被证明不正确的假设和因素，从而导致实际结果、表现或成就与前瞻性声明所表达或暗示的内容存在重大差异。</p>
<p>证券持有人、潜在证券持有人和投资者应意识到，前瞻性陈述受到已知和未知风险、不确定性以及其他因素的影响，这些因素可能导致实际结果与前瞻性陈述所暗示的结果存在重大差异。这些因素包括但不限于：与矿产储量和矿产资源估计不准确相关的风险、黄金价格和销售黄金的付款条款波动、与矿产勘探、开发和采矿业务相关的风险和危害（包括环境危害、工业事故、异常或意外的地质或结构形成、压力、停电、火灾、爆炸、滑坡、塌方和洪水）、与供应商、精炼商及其他与集团开展业务的各方的信用状况或财务状况相关的风险、保险不足或无法获得保险以覆盖这些风险和危害、员工关系、与当地社区和土著居民的关系及其索赔、政治风险、与自然灾害、恐怖主义、社会动荡、公共健康问题（包括健康流行病或传染病爆发，如冠状病毒（COVID-19））相关的风险、与采矿投入和劳动力相关的可用性和成本上升、矿产勘探和开发的投机性质，包括获得或维持必要许可证和许可的风险、随着采矿进行矿产储量的数量或品位减少、全球金融状况、当前勘探活动的实际结果、经济评估结论的变化，以及为应对意外经济或其他因素而调整项目参数的变化、资本和运营成本上升的风险、环境、安全或监管风险、征用、集团对财产的所有权，包括所有权、采矿行业在财产、设备、合格人员及其成本方面的竞争加剧、与事件发生时间的不确定性相关的风险，包括目标生产率的提高和货币波动，以及在 Caledonia 最近的 20-F 表格年度报告和其他向美国证券交易委员会提交的文件中讨论的其他风险。证券持有人、潜在证券持有人和投资者被提醒不要过度依赖前瞻性陈述。由于其性质，前瞻性陈述涉及众多假设、固有风险和不确定性，包括一般性和特定性，这些因素可能导致预测、预报、计划和各种未来事件未能发生。Caledonia 在准备每次公告时会审查前瞻性陈述；然而，Caledonia 没有义务公开或以其他方式修订任何前瞻性陈述，无论是由于新信息、未来事件或其他影响这些陈述的因素，除非法律要求。</p>
<p><img src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RZd05Ea3lOU00zTXpNd01ERTJJekl3T1RNNE16RT0?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1" height="1" original-src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RZd05Ea3lOU00zTXpNd01ERTJJekl3T1RNNE16RT0"/></p>
<p><img src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/MzQ1ZWJlYTctYTk1YS00OTMxLWI5YWEtNjdkN2ViNGM3ZGEzLTExMDU0MDItMjAyNS0xMi0xOS1lbg==/tiny/Caledonia-Mining-Corporation-P.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1" height="1" original-src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/MzQ1ZWJlYTctYTk1YS00OTMxLWI5YWEtNjdkN2ViNGM3ZGEzLTExMDU0MDItMjAyNS0xMi0xOS1lbg==/tiny/Caledonia-Mining-Corporation-P.png"/></p>

CMCL

<p>Caledonia Mining Corporation Plc 宣布了对津巴布韦拟定的 2026 年特许权使用费和税收制度的变更。特许权使用费率的提高仅在黄金价格超过每盎司 5,000 美元时适用，而对资本支出税处理和离岸贷款利息预扣税的变更已被撤回。这些修订预计将维持 Caledonia 的财务前景，待议会批准。首席执行官 Mark Learmonth 欢迎政府对矿业部门的支持</p>

<p>ST HELIER, Jersey, Dec. 19, 2025 (GLOBE NEWSWIRE) -- On December 1, 2025 Caledonia Mining Corporation Plc (“Caledonia” or “the Company”) (NYSE AMERICAN, AIM and VFEX: CMCL) issued an announcement regarding proposed changes to the royalty and tax regimes, as they apply to gold miners, in the Republic of Zimbabwe’s 2026 National Budget. The proposed changes related <em>inter alia</em> to royalties and tax deductibility of capital expenditure.</p>
<div class="lb-trans"><p>泽西岛圣赫利尔，2025 年 12 月 19 日（全球新闻通讯社）——2025 年 12 月 1 日，加勒多尼亚矿业公司（Caledonia Mining Corporation Plc）（“加勒多尼亚” 或 “公司”）（纽约证券交易所 AMERICAN，AIM 和 VFEX：CMCL）发布了一项公告，涉及对津巴布韦 2026 年国家预算中适用于黄金矿工的特许权使用费和税收制度的拟议变更。拟议的变更涉及特许权使用费和资本支出的税收可扣除性等内容。</p>
</div><p>Caledonia notes that, on December 17, 2025, the Zimbabwe Minister of Finance announced certain changes to these proposals in the second reading of the 2026 National Budget to the Zimbabwe parliament, specifically;</p>
<div class="lb-trans"><p>加勒多尼亚指出，2025 年 12 月 17 日，津巴布韦财政部长在津巴布韦议会对 2026 年国家预算的第二次审议中宣布了对这些提案的某些变更，具体如下；</p>
</div><ul>
<li>The proposal to increase the royalty rate from 5% to 10% when the gold price exceeds US$2,500 per ounce will now only apply should the gold price exceed $5,000 per ounce.</li>
<li>The proposed change to the tax treatment of capital expenditure whereby the current 100% upfront deduction would instead be spread over the life of the project, affecting the timing, but not the total amount of tax payable, has been withdrawn.</li>
<li>The proposed change to levy withholding tax at 15% on interest payable on offshore loans has been withdrawn. Whilst this provision would have had little effect on Caledonia’s existing operations, it would have had an adverse effect on the Bilboes Gold Project, which Caledonia currently expects to fund with a large proportion of offshore debt.</li>
</ul>
<div class="lb-trans"><ul>
<li>当黄金价格超过每盎司 2500 美元时，提议将特许权使用费率从 5% 提高到 10% 的提案，现在仅在黄金价格超过每盎司 5000 美元时适用。</li>
<li>提议对资本支出的税收处理进行变更，即当前 100% 的前期扣除将改为在项目生命周期内分摊，影响时机，但不影响应缴税款的总额，已被撤回。</li>
<li>对离岸贷款利息征收 15% 的预扣税的提议已被撤回。虽然这一条款对加勒多尼亚现有的运营影响不大，但对加勒多尼亚目前预计将以大量离岸债务融资的比尔博斯黄金项目将产生不利影响。</li>
</ul>
</div><p>The revised proposals, which have not yet been ratified by parliament, but are expected to be enacted before the end of the year, should result in no change in the financial outlook for Caledonia’s portfolio of assets in Zimbabwe provided the gold price remains below $5,000 per ounce.</p>
<div class="lb-trans"><p>这些修订后的提案尚未得到议会的批准，但预计将在年底前生效，前提是黄金价格保持在每盎司 5000 美元以下，这将不会改变加勒多尼亚在津巴布韦资产组合的财务前景。</p>
</div><p><strong>Mark Learmonth, Chief Executive Officer of Caledonia, commented:</strong></p>
<div class="lb-trans"><p><strong>加勒多尼亚首席执行官马克·利尔蒙特评论道：</strong></p>
</div><p><em>“The 2026 National Budget of Zimbabwe is yet to be enacted into law. However, we welcome the revised provisions announced this week which we believe demonstrate the Government of Zimbabwe’s support for the mining sector and the development of future mining projects in the country.”</em></p>
<div class="lb-trans"><p><em>“津巴布韦 2026 年国家预算尚未成为法律。然而，我们欢迎本周宣布的修订条款，我们相信这表明了津巴布韦政府对矿业部门及未来矿业项目发展的支持。”</em></p>
</div><p><strong>Enquiries:</strong></p>
<div class="lb-trans"><p><strong>咨询：</strong></p>
</div><table>
<thead>
<tr>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Caledonia Mining Corporation Plc</strong><br/>Mark Learmonth<br/>Camilla Horsfall</td>
<td>Tel: +44 1534 679 800<br/>Tel: +44 7817 841 793</td>
</tr>
<tr>
<td></td>
<td></td>
</tr>
<tr>
<td><strong>Cavendish Capital Markets Limited (Nomad and Broker)</strong><br/>Adrian Hadden<br/>Pearl Kellie</td>
<td>Tel: +44 207 397 1965<br/>Tel: +44 131 220 9775</td>
</tr>
<tr>
<td></td>
<td></td>
</tr>
<tr>
<td><strong>Camarco, Financial PR (UK)</strong><br/>Gordon Poole<br/>Elfie Kent</td>
<td>Tel: +44 20 3757 4980</td>
</tr>
<tr>
<td></td>
<td></td>
</tr>
<tr>
<td><strong>Curate Public Relations (Zimbabwe)</strong><br/>Debra Tatenda</td>
<td>Tel: +263 77802131</td>
</tr>
<tr>
<td></td>
<td></td>
</tr>
<tr>
<td><strong>IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)</strong><br/>Lloyd Mlotshwa</td>
<td>Tel: +263 (242) 745 119/33/39</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>加勒多尼亚矿业公司</strong></td>
<td></td>
</tr>
<tr>
<td>马克·利尔蒙特</td>
<td></td>
</tr>
<tr>
<td>卡米拉·霍斯法尔</td>
<td>电话：+44 1534 679 800</td>
</tr>
<tr>
<td>电话：+44 7817 841 793</td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
</tr>
<tr>
<td><strong>卡文迪什资本市场有限公司（提名顾问和经纪人）</strong></td>
<td></td>
</tr>
<tr>
<td>阿德里安·哈登</td>
<td></td>
</tr>
<tr>
<td>珀尔·凯利</td>
<td>电话：+44 207 397 1965</td>
</tr>
<tr>
<td>电话：+44 131 220 9775</td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
</tr>
<tr>
<td><strong>卡马尔科，金融公关（英国）</strong></td>
<td></td>
</tr>
<tr>
<td>戈登·普尔</td>
<td></td>
</tr>
<tr>
<td>埃尔菲·肯特</td>
<td>电话：+44 20 3757 4980</td>
</tr>
<tr>
<td></td>
<td></td>
</tr>
<tr>
<td><strong>库拉特公共关系（津巴布韦）</strong></td>
<td></td>
</tr>
<tr>
<td>德布拉·塔滕达</td>
<td>电话：+263 77802131</td>
</tr>
<tr>
<td></td>
<td></td>
</tr>
<tr>
<td><strong>IH 证券（私人）有限公司（VFEX 赞助商 - 津巴布韦）</strong></td>
<td></td>
</tr>
<tr>
<td>劳埃德·姆洛茨瓦</td>
<td>电话：+263 (242) 745 119/33/39</td>
</tr>
</tbody>
</table>
</div><p><strong>CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS</strong></p>
<div class="lb-trans"><p><strong>关于前瞻性声明的警示说明</strong></p>
</div><p>Information and statements contained in this document that are not historical facts are &#34;forward-looking information&#34; or &#34;forward-looking statements&#34; (collectively, &#34;forward-looking statements&#34;) within the meaning of applicable securities legislation that involve risks and uncertainties relating, but not limited, to Caledonia's current expectations, intentions, plans, and beliefs. Forward-looking statements can often be identified by forward-looking words such as &#34;anticipate&#34;, &#34;believe&#34;, &#34;expect&#34;, &#34;goal&#34;, &#34;plan&#34;, &#34;target&#34;, &#34;intend&#34;, &#34;estimate&#34;, &#34;could&#34;, &#34;should&#34;, &#34;may&#34; and &#34;will&#34; or the negative of these terms or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Examples of forward-looking statements in this document include: our expectation that the proposed changes to the royalty and tax regimes will be enacted as set out in this document; and that, as a result, we expect no change to the financial outlook for Caledonia’s portfolio of assets in Zimbabwe. These forward-looking statements are based, in part, on assumptions and factors that may change or prove to be incorrect, thus causing actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements.</p>
<div class="lb-trans"><p>本文件中包含的信息和声明不是历史事实，而是适用证券立法意义上的 “前瞻性信息” 或 “前瞻性声明”（统称 “前瞻性声明”），涉及与加勒多尼亚当前的期望、意图、计划和信念相关的风险和不确定性，但不限于此。前瞻性声明通常可以通过诸如 “预期”、“相信”、“期望”、“目标”、“计划”、“目标”、“打算”、“估计”、“可能”、“应该”、“可以” 和 “将” 或这些术语的否定形式或类似词汇来识别，暗示未来结果或其他期望、信念、计划、目标、假设、意图或关于未来事件或表现的声明。本文件中的前瞻性声明示例包括：我们预计对特许权使用费和税收制度的拟议变更将如本文件所述生效；因此，我们预计加勒多尼亚在津巴布韦的资产组合的财务前景不会发生变化。这些前瞻性声明部分基于可能会发生变化或被证明不正确的假设和因素，从而导致实际结果、表现或成就与前瞻性声明所表达或暗示的内容存在重大差异。</p>
</div><p>Security holders, potential security holders and prospective investors should be aware that forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. Such factors include, but are not limited to: risks relating to estimates of mineral reserves and mineral resources proving to be inaccurate, fluctuations in gold price and payment terms for gold sold, risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected geological or structural formations, pressures, power outages, fire, explosions, landslides, cave-ins and flooding), risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the group does business, inadequate insurance, or inability to obtain insurance, to cover these risks and hazards, employee relations, relationships with and claims by local communities and indigenous populations, political risk, risks related to natural disasters, terrorism, civil unrest, public health concerns (including health epidemics or outbreaks of communicable diseases such as the coronavirus (COVID-19)), availability and increasing costs associated with mining inputs and labour, the speculative nature of mineral exploration and development, including the risks of obtaining or maintaining necessary licenses and permits, diminishing quantities or grades of mineral reserves as mining occurs, global financial condition, the actual results of current exploration activities, changes to conclusions of economic evaluations, and changes in project parameters to deal with unanticipated economic or other factors, risks of increased capital and operating costs, environmental, safety or regulatory risks, expropriation, the Group's title to properties including ownership thereof, increased competition in the mining industry for properties, equipment, qualified personnel and their costs, risks relating to the uncertainty of timing of events including targeted production rate increase and currency fluctuations, and the other risks discussed in Caledonia's most recent Form 20-F annual report and other filings made with the U.S. Securities and Exchange Commission. Security holders, potential security holders and prospective investors are cautioned not to place undue reliance on forward-looking statements. By their nature, forward-looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Caledonia reviews forward-looking statements for the purposes of preparing each announcement; however, Caledonia undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information, future events or other such factors which affect these statements, except as required by law.</p>
<div class="lb-trans"><p>证券持有人、潜在证券持有人和投资者应意识到，前瞻性陈述受到已知和未知风险、不确定性以及其他因素的影响，这些因素可能导致实际结果与前瞻性陈述所暗示的结果存在重大差异。这些因素包括但不限于：与矿产储量和矿产资源估计不准确相关的风险、黄金价格和销售黄金的付款条款波动、与矿产勘探、开发和采矿业务相关的风险和危害（包括环境危害、工业事故、异常或意外的地质或结构形成、压力、停电、火灾、爆炸、滑坡、塌方和洪水）、与供应商、精炼商及其他与集团开展业务的各方的信用状况或财务状况相关的风险、保险不足或无法获得保险以覆盖这些风险和危害、员工关系、与当地社区和土著居民的关系及其索赔、政治风险、与自然灾害、恐怖主义、社会动荡、公共健康问题（包括健康流行病或传染病爆发，如冠状病毒（COVID-19））相关的风险、与采矿投入和劳动力相关的可用性和成本上升、矿产勘探和开发的投机性质，包括获得或维持必要许可证和许可的风险、随着采矿进行矿产储量的数量或品位减少、全球金融状况、当前勘探活动的实际结果、经济评估结论的变化，以及为应对意外经济或其他因素而调整项目参数的变化、资本和运营成本上升的风险、环境、安全或监管风险、征用、集团对财产的所有权，包括所有权、采矿行业在财产、设备、合格人员及其成本方面的竞争加剧、与事件发生时间的不确定性相关的风险，包括目标生产率的提高和货币波动，以及在 Caledonia 最近的 20-F 表格年度报告和其他向美国证券交易委员会提交的文件中讨论的其他风险。证券持有人、潜在证券持有人和投资者被提醒不要过度依赖前瞻性陈述。由于其性质，前瞻性陈述涉及众多假设、固有风险和不确定性，包括一般性和特定性，这些因素可能导致预测、预报、计划和各种未来事件未能发生。Caledonia 在准备每次公告时会审查前瞻性陈述；然而，Caledonia 没有义务公开或以其他方式修订任何前瞻性陈述，无论是由于新信息、未来事件或其他影响这些陈述的因素，除非法律要求。</p>
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Caledonia Mining Corporation Plc：津巴布韦政府对特许权使用费和税收制度的拟议变更进行了修改 | CMCL 股票新闻