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Caledonia Mining Corporation Plc - CMCL STOCK NEWS

Welcome to our dedicated page for Caledonia Mining Corporation Plc news (Ticker: CMCL), a resource for investors and traders seeking the latest updates and insights on Caledonia Mining Corporation Plc 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 Corporation Plc (CMCL) has released an updated NI 43-101 compliant Mineral Resources statement for its Maligreen project in Zimbabwe. The 2022 Technical Report indicates a total of 8.03 million tonnes measured and indicated at a grade of 1.71g/t, containing approximately 442,000 ounces of gold. Inferred resources total 6.17 million tonnes at 2.12g/t, amounting to around 420,000 ounces. This update enhances geological confidence and supports future evaluation and development of the project.

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Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) announced the acquisition of Motapa Mining Company UK Limited, which holds a gold exploration lease in Zimbabwe. The purchase aims to enhance Caledonia's growth in the region, being strategically located near the Bilboes project. The Motapa property spans approximately 2,200 hectares, and historically, the area produced around 300,000oz of gold. CEO Mark Learmonth emphasized the acquisition's importance for expanding their exploration efforts and capitalizing on increased cash flow from existing operations.

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Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL) announced record gold production of 21,120 ounces for Q3 2022, marking an 11% increase from 18,965 ounces in Q3 2021. Year-to-date production reached 59,726 ounces, a 22% rise compared to 48,872 ounces in the same period last year. The company maintains its 2022 production guidance at the top end of 73,000 - 80,000 ounces. COO Dana Roets expressed optimism about the company's performance and ongoing projects in Zimbabwe, including plans to restart oxide operations expected to turn profitable by Q2 2023.

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Caledonia Mining Corporation (NYSE AMERICAN: CMCL) announced that CEO Mark Learmonth purchased 2,805 depositary interests, equivalent to 2,805 common shares, at GBP8.91 each on October 7, 2022. Post-transaction, Learmonth holds a total of 171,067 shares, representing approximately 1.33% of Caledonia's issued share capital. This move indicates confidence in the company's prospects. For further details, contact Mark Learmonth at +44 1534 679 800.

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Caledonia Mining Corporation (CMCL) announced that CFO Chester Goodburn purchased 2,235 shares at USD 9.95 per share on October 5, 2022. Following this transaction, Goodburn holds a total of 6,335 shares, representing approximately 0.05% of Caledonia's issued share capital. This purchase reflects insider confidence in the company's prospects.

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Caledonia Mining Corporation (CMCL) has declared a quarterly dividend of US$0.14 per share. The company is on track to meet its production target of 73,000 to 80,000 ounces of gold in 2022. Caledonia's acquisition of Bilboes Gold Limited aims to restart operations to enhance cash flow within six months. The annualized dividend yield is approximately 6%, reflecting the company's strategy of returning value to shareholders while expanding its gold production capacity.

Key dates for the dividend: Ex-dividend on October 12 (VFEX) and October 13 (AIM & NYSE), record date on October 14, payment date set for October 28, 2022.

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Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) announced that its non-executive directors acquired shares totaling 6,525 units on September 27, 2022. Mr. Leigh Wilson purchased 5,500 shares at USD 8.92 each, increasing his holdings to 45,500 shares (0.35% ownership). Mr. Johan Holtzhausen acquired 1,025 depositary interests at GBP 8.35, now holding 22,050 shares (0.17% ownership). These transactions indicate confidence from directors amid market fluctuations.

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Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL) reported strong financial results for Q2 2022, achieving gross revenues of $36.99 million, a 23.4% increase year-over-year. Gross profit rose 28.8% to $17.9 million with an EBITDA of $17.8 million. Production hit a record 20,091 ounces of gold in the quarter, up 20% compared to Q2 2021. The acquisition of the Bilboes gold project was announced, subject to conditions, aiming to enhance growth prospects. Despite a higher all-in sustaining cost of $925 per ounce, the company remains focused on increasing production and reducing costs.

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Caledonia Mining Corporation Plc (CMCL) has signed an agreement to acquire Bilboes Gold Limited, including the Bilboes gold project in Zimbabwe, for 5,123,044 shares, valued at approximately $53.3 million based on a share price of $10.40. The project boasts proven and probable reserves of 1.96 million ounces of gold. Caledonia will conduct a feasibility study to optimize the commercialization of the project and restart oxide operations with a tribute arrangement. The acquisition aims to significantly increase production, potentially quadrupling current output.

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Caledonia Mining Corporation Plc (CMCL) reported record gold production from its Blanket Mine in Zimbabwe for Q2 2022, achieving 20,091 ounces, a 20% increase from 16,710 ounces in Q2 2021. Total production for the first half of 2022 reached 38,606 ounces, about 29% higher than the 29,907 ounces produced in H1 2021. For the full year, gold production is projected between 73,000 to 80,000 ounces. The COO noted that first-half performance exceeded expectations, with future production bolstered by processing planned for an additional 1,500 ounces from an ore stockpile.

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FAQ

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

The current stock price of Caledonia Mining Corporation Plc (CMCL) is $9.32 as of December 20, 2024.

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

The market cap of Caledonia Mining Corporation Plc (CMCL) is approximately 183.3M.

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 Corporation Plc

NYSE:CMCL

CMCL Rankings

CMCL Stock Data

183.31M
16.33M
14.98%
47.86%
0.88%
Gold
Basic Materials
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United States of America
Saint Helier