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Caledonia Mining - CMCL STOCK NEWS

Welcome to our dedicated page for Caledonia Mining news (Ticker: CMCL), a resource for investors and traders seeking the latest updates and insights on Caledonia Mining stock.

Caledonia Mining Corporation Plc (symbol: CMCL) is a dynamic gold exploration, development, and mining company headquartered in Mississauga, Ontario, Canada. This mining and metals company operates primarily through its flagship Blanket Mine located in the south-west of Zimbabwe. The Blanket Mine, a profitable venture, operates at a depth of approximately 750 meters below the surface and is the primary revenue generator for Caledonia Mining Corp.

The company's diversified portfolio also includes the Bilboes Oxide Mine and several exploration and development projects such as Maligreen and Motapa. These strategic projects underscore the company's commitment to expanding its gold production capabilities and enhancing shareholder value.

Recent Achievements:

  • Caledonia Mining Corp has made significant strides in increasing its gold production, which is reflected in its strong financial performance.
  • The latest mineral resource estimate in the Preliminary Economic Assessment (PEA) based on a 0.9g/t Au Cut-Off Grade highlights the potential for further resource expansion.
  • The company continues to engage with stakeholders, evidenced by recent announcements such as the TR-1: Standard form for notification of major holdings and the upcoming Q1 2024 Results Call for Shareholders.

Current Projects:

  • The Blanket Mine remains the cornerstone of Caledonia's operations, contributing the majority of its revenue.
  • The Bilboes Oxide Mine is under development, with significant potential for future gold production.
  • Exploration projects like Maligreen and Motapa are in various stages of development, promising future growth.

The company's strategic focus on operational efficiency, cost control, and targeted exploration ensures sustainable growth and profitability. With a strong balance sheet and a dedicated management team, Caledonia Mining Corp continues to position itself as a significant player in the gold mining industry.

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Caledonia Mining (NYSE AMERICAN, AIM and VFEX: CMCL) announced that CFO Chester Goodburn will step down on March 24, 2025, following the publication of 2024 financial results. He will be succeeded by Ross Jerrard, who previously served as CFO of Centamin plc from 2016 until its $2.5 billion acquisition by AngloGold Ashanti in 2024.

Jerrard, 50, brings significant financial leadership experience from his role at Centamin, a former FTSE-250 dual-listed mining company operating the Sukari gold mine in Egypt, which produces 450,000 ounces of gold annually. He is a member of the Institute of Chartered Accountants of Australia and New Zealand and Zimbabwe.

Goodburn, who has been with Caledonia since 2014 and served as CFO since July 2022, will remain as a consultant briefly to ensure a smooth transition. The company aims to become a mid-tier, Zimbabwe-focused gold producer.

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Caledonia Mining (NYSE AMERICAN, AIM and VFEX: CMCL) has announced two key appointments to its board of directors. Stefan Buys, with over 30 years of leadership in global mining, and Lesley Goldwasser, a financial executive with extensive capital markets expertise, have joined as independent non-executive directors.

Stefan Buys brings experience from leadership roles at ArcelorMittal, Rio Tinto, BHP, and Xstrata, with expertise in various mining operations across multiple continents. Lesley Goldwasser, currently Managing Partner at GreensLedge, brings significant financial expertise and board experience, including roles at Credit Suisse and Bear Stearns.

The company also announced that Johan Holtzhausen, who has served since 2013, will retire from the Board and as Audit Committee chair at the May 2025 AGM. Tariro Gadzikwa will assume the role of Audit Committee chair following the AGM.

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Caledonia Mining (NYSE AMERICAN, AIM and VFEX: CMCL) reports that Blanket Mine achieved its 2024 production guidance with 76,656 ounces of gold, slightly above 2023's 75,416 ounces. Q4 production was 19,841 ounces, with record milling of 797,000 tonnes for the year.

The company announced a $41.8 million capital expenditure program for 2025, including $34.9 million for Blanket Mine and $5.8 million for Bilboes and Motapa projects. Key investments focus on development, efficiency improvements, and operational resilience. The 2025 production guidance is set at 73,500-77,500 ounces, with projected on-mine costs of $1,050-$1,150/oz and all-in sustaining costs of $1,690-$1,790/oz.

All investments will be funded through cash generation and reserves, with no impact on dividends. The company aims to transition into a mid-tier Zimbabwe-focused gold producer with multi-asset profitable production.

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Caledonia Mining (CMCL) received a notification from BlackRock, Inc. regarding a change in shareholding that crossed a notification threshold on December 27, 2024. BlackRock's total position decreased slightly to 4.99% of voting rights, consisting of 4.74% direct voting rights (910,828 shares) and 0.25% through financial instruments (49,190 shares via CFDs). The notification was received on December 30, 2024, and represents a minor reduction from the previous position of 5.00%.

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Caledonia Mining (NYSE AMERICAN, AIM and VFEX: CMCL) has entered into an 'At the Market' (ATM) sales agreement with Cantor Fitzgerald & Co. The agreement allows Caledonia to sell up to $50 million worth of shares through ordinary brokers' transactions or block trades on NYSE American at market prices.

The company plans to use the net proceeds for developing the Bilboes sulphide project. Caledonia has filed a technical report summary for the Bilboes Gold Project, prepared by DRA Projects, with an effective date of May 30, 2024. The company expects to publish a new feasibility study for the project in Q1 2025.

An application has been made to AIM for a block admission of 4,000,000 new depositary interests. The company's issued share capital remains at 19,214,554 shares.

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Caledonia Mining announces that CEO and Director Mark Learmonth purchased 2,047 depositary interests at GBP8.30 per interest on December 6, 2024. Following this transaction, Learmonth now holds 187,031 shares, representing approximately 0.97% of Caledonia's issued share capital.

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Caledonia Mining (NYSE AMERICAN: CMCL) announced receiving a notification from BlackRock, Inc. regarding a significant shareholding change on November 21, 2024. BlackRock's total position reached 5.00% of voting rights, consisting of 4.74% direct voting rights attached to shares (911,836 shares) and 0.25% through financial instruments (49,190 shares via CFDs). The notification was received on November 22, 2024, marking a crossing of the threshold for relevant change as defined by AIM Rules for Companies.

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Caledonia Mining (NYSE AMERICAN: CMCL) received two notifications from BlackRock, Inc. regarding changes in shareholding. The first notification on November 19, 2024, showed BlackRock held a 5.00% stake (960,786 shares) as of November 18, comprising 4.74% in voting rights and 0.25% in financial instruments. The second notification on November 20, 2024, indicated a slight decrease to 4.98% (957,680 shares) as of November 19, with 4.72% in voting rights and 0.25% in financial instruments.

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Caledonia Mining (NYSE AMERICAN: CMCL) announced receiving a notification from BlackRock, Inc. regarding a change in shareholding that crossed a threshold for notification on November 15, 2024. According to the detailed notification, BlackRock's total position decreased to 4.99% of voting rights, consisting of 4.74% in direct shares (911,442 voting rights) and 0.25% through financial instruments (49,190 voting rights through CFDs), down from a previous position of 5.02%.

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Caledonia Mining (NYSE AMERICAN: CMCL) announced receiving a notification from BlackRock, Inc. regarding a change in shareholding that crossed a threshold for notification on November 11, 2024. According to the notification, BlackRock's total position increased to 5.02% of voting rights, consisting of 4.76% voting rights attached to shares (915,643 shares) and 0.25% through financial instruments (49,190 CFDs). This represents a total of 964,833 voting rights in the issuer.

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FAQ

What is the current stock price of Caledonia Mining (CMCL)?

The current stock price of Caledonia Mining (CMCL) is $10.43 as of February 21, 2025.

What is the market cap of Caledonia Mining (CMCL)?

The market cap of Caledonia Mining (CMCL) is approximately 205.8M.

What is Caledonia Mining Corporation Plc's primary business?

Caledonia Mining Corp is primarily involved in gold exploration, development, and mining, with its flagship project being the Blanket Mine in Zimbabwe.

Where is Caledonia Mining Corporation Plc headquartered?

The company is headquartered at 2145 Dunwin Dr, Mississauga, Ontario, Canada.

What are the key projects of Caledonia Mining Corporation Plc?

Key projects include the Blanket Mine, Bilboes Oxide Mine, and exploration projects such as Maligreen and Motapa.

How deep is the Blanket Mine?

The Blanket Mine operates at a depth of approximately 750 meters below the surface.

What recent achievements has Caledonia Mining Corp made?

Recent achievements include increased gold production, strong financial performance, and resource expansion as detailed in their PEA.

When is the next shareholder call scheduled?

The Q1 2024 Results Call for Shareholders is scheduled for May 13, 2024, at 02:00 PM London time.

How does Caledonia Mining Corp ensure sustainable growth?

The company focuses on operational efficiency, cost control, and targeted exploration to ensure sustainable growth and profitability.

What is the significance of the Bilboes Oxide Mine for Caledonia Mining Corp?

The Bilboes Oxide Mine is a key development project with significant potential for future gold production, complementing the company's revenue from the Blanket Mine.

Who is the CEO of Caledonia Mining Corporation Plc?

Mark Learmonth is the CEO of Caledonia Mining Corporation Plc.

How can I register for the upcoming webinars hosted by Caledonia Mining Corp?

You can register for the webinars through the provided Zoom registration links on the company's announcements.
Caledonia Mining

NYSE:CMCL

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205.79M
16.33M
14.99%
48.12%
1.22%
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