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) announced the grant of new long-term incentive plan awards under its 2015 Omnibus Equity Incentive Compensation Plan. The awards were made to Persons Discharging Managerial Responsibility (PDMRs) including CEO Mark Learmonth, who received an award of US$ 465,750. The awards, in the form of Performance Units (PUs), will vest in April 2026 and are linked to the company's performance metrics. The Fair Market Value of the shares used for calculating the number of PUs is set at US$16.91. A total of 113 employees are participating in the Plan, which includes senior management across multiple regions. Each PU allows PDMRs to receive one common share upon vesting, subject to a minimum holding period of one year.
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) has announced the successful closure of its Zimbabwe Placing, raising approximately US$5.825 million before expenses, with strong backing from investors. This follows a total fundraise of US$16.566 million, strengthening the Company's balance sheet and providing working capital for new gold projects in Zimbabwe. Additionally, the Company has issued 256,152 deferred shares related to its acquisition of Bilboes Gold Limited, retaining 5% of the total consideration shares for adjustments. Following these actions, Caledonia will have 19,186,259 common shares in issue, enhancing its operational flexibility and growth potential.
Caledonia Mining Corporation Plc (CMCL) announced a notification from Allan Gray Proprietary Limited regarding a change in its interest. As of March 28, 2023, Allan Gray crossed a specific threshold for notification. Following this, on March 30, 2023, the company received formal notification of these changes. The current holdings of Allan Gray include 2,180,070 voting rights, representing 12.0679% of total voting rights. Comparatively, their previous position was 16.129%. This reduction in percentage indicates a decrease in voting power, which could impact shareholder dynamics within Caledonia Mining.
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) has announced a quarterly dividend of US$0.14 per share, with ex-dividend dates set for April 12 and 13, 2023, and a payment date of April 28, 2023. The total dividend for 2022 was 56 cents per share, marking a 12% increase from 2021's 50 cents. CEO Mark Learmonth emphasized that this consistent dividend is central to the company's strategy, distinguishing Caledonia from its peers. The company's dividend policy, adopted in 2014, aims to maximize shareholder value and will consider future increases based on prudent risk management.
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) announced an extension of the closing date for its Zimbabwe Placing from March 31, 2023, by up to one week. This decision results from a higher than anticipated demand from existing and new Zimbabwean institutional shareholders. The Placing is expected to raise over US$3 million. A further announcement will detail the funds raised and the shares issued. The extension aims to accommodate shareholders needing additional time to fulfill administrative requirements.
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) announced it will issue 441,095 Escrow Shares to Shining Capital Holdings II LP, following approval from The Reserve Bank of Zimbabwe. This decision relates to the acquisition of Bilboes Gold Limited, originally mentioned on January 6, 2023. After the share issuance scheduled for April 4, 2023, Shining Capital's stake in Caledonia will increase to 9.88% of the fully diluted share capital, totaling 1,827,818 shares. Caledonia's total outstanding shares will rise to 18,506,156, excluding additional shares from a pending Zimbabwe Placing. The company retains 256,152 Deferred Shares for adjustments related to liabilities.
Caledonia Mining Corporation Plc (CMCL) has announced the availability of materials for its upcoming annual general meeting (AGM), set for May 9, 2023, at the Radisson Blu Waterfront Hotel in Jersey. The documents include the AGM notice and a management information circular for proxy solicitation. Shareholders can access these resources online. This AGM is a key opportunity for shareholders to engage with the company regarding its future direction and governance. For further inquiries, contact details for management and brokers are provided.
Caledonia Mining Corporation Plc (CMCL) has announced a successful fundraising of approximately £8.7 million (US$10.6 million) through a Placing, which drew significant interest from institutional investors. The Placing is set to remain open until March 31, 2023, with 781,749 Placing Shares allocated. The funds will enhance the company's balance sheet, support working capital, and accelerate development at three gold projects in Zimbabwe. CEO Mark Learmonth expressed optimism about institutional support for the company’s growth initiatives. Following this issuance, the total number of Common Shares in circulation will be 18,065,061.
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) has announced a proposal to raise approximately £8.1 million (around US$10 million) through a placing of new common shares at £11.15 per share, reflecting a 13.2% discount to the previous close. The fundraise will support the ongoing development of gold projects in Zimbabwe, including the recently acquired Bilboes project, which holds significant gold reserves. The company has reported FY 2022 revenues of US$142 million and EBITDA of US$50.4 million. The gold production guidance for 2023 is set between 87,500 and 97,000 ounces. Admission of new shares is expected on AIM by March 30, 2023.
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) announced its financial results for 2022, reporting gross revenues of $142 million, up from $121 million in 2021. The company achieved a gross profit of $61.8 million and EBITDA of $50.4 million. Gold production reached a record 80,775 ounces, with a forecast of 87,500 - 97,000 ounces for 2023. A significant acquisition of the Bilboes gold project was completed, boasting 1.96 million ounces in reserves. A solar plant at Blanket Mine is expected to cut production costs significantly. Despite these achievements, net cash decreased to $1.5 million from $16.3 million in 2021, raising concerns for investors.
