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 a change in shareholding from Van Eck Associates Corporation, which increased its stake from 3.63% to 4.128% as of December 16, 2022. This change qualifies Van Eck as a significant shareholder under AIM Rules for Companies, revealing their growing interest in the company. The notification of this change was received by Caledonia on December 19, 2022. With a total of 12,833,120 voting rights in the company, this shift may indicate increased investor confidence.
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) has announced the availability of a new corporate video on its website. This video aims to enhance stakeholder engagement by providing insights into the company's activities and achievements.
Additionally, a video showcasing Caledonia's Corporate Social Responsibility initiatives and community work has also been released. Both videos can be accessed on the company's media page, further demonstrating its commitment to transparency and community involvement.
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) announced that its new 12.2 MWac solar plant at Blanket Mine in Zimbabwe has started generating power. Previously reliant on ZESA, the national electricity supplier, the mine faced issues with load-shedding and unstable power that necessitated costly diesel generators. The solar plant is projected to supply approximately 27% of Blanket's power, reducing operational costs by an estimated $37 per ounce of gold produced, enhancing both energy security and environmental sustainability.
Caledonia Mining Corporation announced strong results for Q3 and the first nine months of 2022, with gross revenues of $107.9 million, up 21% year-over-year. Gross profit rose to $50.5 million, reflecting a 26.1% increase. The company achieved a record production of 21,120 ounces of gold in Q3, a significant 11.4% increase from the previous year. However, on-mine costs rose to $734 per ounce, contributing to an increase in all-in sustaining costs to $944. Positive developments include acquisitions in Zimbabwe, including the Bilboes and Motapa projects.
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.
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.
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.
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.
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.
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.
