Caledonia Mining Corporation Plc: Fatal accident at Blanket Mine

Rhea-AI Summary

Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) reported a tragic accident at its Blanket Mine in Zimbabwe on February 16, 2023, resulting in the death of one employee during secondary blasting operations. The company is currently awaiting further details pending an official inquiry by the relevant authorities. Caledonia has expressed condolences to the deceased's family and colleagues. The incident highlights critical safety concerns within mining operations, but no further information is available regarding its impact on company operations or financial performance at this time.

Positive

• None.

Negative

• Safety incident resulting in the death of an employee.
• Pending inquiry may lead to operational or regulatory repercussions.

ST HELIER, Jersey, Feb. 17, 2023 (GLOBE NEWSWIRE) -- It is with regret that Caledonia Mining Corporation Plc (“Caledonia”) (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) reports that an accident took place in the afternoon of February 16, 2023 at the Blanket Mine in Zimbabwe, as a result of which one Blanket Mine employee was killed.  The accident related to secondary blasting.

Further details cannot be released pending the outcome of an enquiry into this accident by the relevant authorities.

Caledonia expresses its condolences to the family and colleagues of the deceased.

Enquiries:

Caledonia Mining Corporation Plc Mark Learmonth Camilla Horsfall	Tel: +44 1534 679 800 Tel: +44 7817 841 793
Cenkos Securities plc (Nomad and Joint Broker) Adrian Hadden Neil McDonald Pearl Kellie	Tel: +44 207 397 1965 Tel: +44 131 220 9771 Tel: +44 131 220 9775
Liberum Capital Limited (Joint Broker) Scott Mathieson/Kane Collings	Tel: +44 20 3100 2000
BlytheRay Financial PR (UK) Tim Blythe/Megan Ray	Tel: +44 207 138 3204
3PPB (Financial PR, North America) Patrick Chidley Paul Durham	Tel: +1 917 991 7701 Tel: +1 203 940 2538
Curate Public Relations (Zimbabwe) Debra Tatenda	Tel: +263 77802131
IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe) Lloyd Mlotshwa	Tel: +263 (242) 745 119/33/39

FAQ

What happened at Caledonia Mining Corporation on February 16, 2023?

An employee was killed in an accident related to secondary blasting at the Blanket Mine in Zimbabwe.

What is the stock symbol for Caledonia Mining Corporation?

The stock symbol for Caledonia Mining Corporation is CMCL.

What is Caledonia Mining Corporation's response to the accident?

Caledonia expressed condolences to the family and colleagues of the deceased employee.

Is there any financial impact reported due to the accident at Caledonia Mining Corporation?

No financial impact has been reported at this time; details are pending an inquiry.