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 (CMCL) provides investors and industry observers with comprehensive updates through this centralized news hub. Focused on gold production from its Zimbabwe-based operations, this page aggregates official announcements, quarterly results, and strategic developments from the company's core assets.
Access timely updates on the Blanket Mine's production metrics, exploration progress at Maligreen and Motapa projects, and corporate initiatives shaping CMCL's position in southern Africa's mining sector. Our curated collection serves as your primary source for operational updates, resource estimates, and management commentary - essential for understanding this gold producer's market trajectory.
Key updates include quarterly production reports, reserve disclosures, infrastructure investments, and sustainability initiatives. Bookmark this page to monitor CMCL's progress in optimizing its flagship operation while expanding its asset base through strategic exploration.
Caledonia Mining Corporation Plc (CMCL) reported its Q1 2023 gold production results, showing a 13% decline from 2022, with Blanket Mine producing 16,036 ounces. This decrease is attributed to mechanical and logistical issues, which have been resolved, leading to improved production in early April. The company reiterated its production guidance for the year, expecting between 75,000 and 80,000 ounces from Blanket.
Bilboes project began gold production from oxide pre-stripping, yielding 105 ounces, but faced challenges including inconsistent grades and mechanical breakdowns. The company will no longer provide guidance on this low-margin production as it focuses on a feasibility study for the larger sulphide project.
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) has reported a change in major holdings as disclosed by Allan Gray Proprietary Limited. On April 17, 2023, Allan Gray crossed a notification threshold, leading to a formal notice sent out on April 19, 2023. The notification indicates that Allan Gray currently holds 11.2755% of the voting rights in the company, totaling 2,163,543 voting rights. This represents a decrease from a previous holding of 12.0679% as per earlier notifications. The changes reflect potential shifts in investor sentiment and voting power within Caledonia Mining, which may impact future corporate governance and decision-making.
Caledonia Mining Corporation Plc (CMCL) announced an additional issuance of 1,814 shares related to its recent Zimbabwe Placing, which raised approximately US$5.850 million before expenses. In a prior announcement on April 11, 2023, the company reported that the placing had garnered around US$5.825 million, bringing the total funds raised from the initiative to about US$16.591 million before expenses. The additional shares were issued due to administrative delays in Zimbabwe and will be admitted for trading on AIM on April 19, 2023. Following this issuance, the total number of shares in circulation will be 19,188,073, all having voting rights.
