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.
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) has appointed Liberum Capital Limited as its joint broker effective immediately. This strategic move aims to enhance Caledonia's market presence and support its operations. The company continues to focus on maximizing shareholder value while advancing its mining initiatives. The appointment is expected to provide Caledonia with enhanced financial services and market insights, aligning with its growth objectives.
Caledonia Mining Corporation Plc (NYSE: CMCL) declared a quarterly dividend of US$0.14 per share, affirming its commitment to returning value to shareholders. In 2021, total dividends rose to US$0.50 per share, nearly 50% higher than 2020. The company targets a gold production of 73,000 to 80,000 ounces in 2022 and aims to diversify as a multi-asset gold producer. Key dates for the dividend include ex-dividend on April 14, 2022, record on April 19, 2022, and payment on April 29, 2022.
Caledonia Mining Corporation Plc (NYSE American: CMCL; AIM: CMCL, VFEX: CMCL) announced on March 28, 2022, that Sales Promotion Services S.A. has sold 15,299 shares, reducing its stake to 4.99% of the total issued share capital. This notification follows a threshold crossing on March 10, 2022. The adjustment in shareholding is notable as it may affect market perceptions and shareholder dynamics. Investors should monitor how this change influences future stock performance.
Caledonia Mining Corporation Plc (NYSE American: CMCL; AIM: CMCL; VFEX: CMCL) has announced the availability of documents for its annual general meeting (AGM) scheduled for May 4, 2022, at 9:00 a.m. (UK time) at Radisson Blu Waterfront Hotel, St Helier, Jersey. These documents include a notice of the AGM and a management information circular for proxy solicitation. Shareholders can access the documents online. For further inquiries, contact company representatives or financial PR agencies listed in the announcement.
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) reported strong operating and financial results for 2021. Gross revenues rose to $121 million, up from $100 million in 2020. Gross profit increased to $54.1 million and EBITDA to $46.4 million. The company produced a record 67,476 ounces of gold and increased dividends by 49%. The commissioning of the Central Shaft is expected to boost production further in 2022, with guidance set at 73,000 to 80,000 ounces. However, a fatal accident raised safety concerns, prompting a reassessment of safety protocols.
Caledonia Mining Corporation Plc (CMCL) announced on March 4, 2022, that Van Eck Associates Corporation, a significant shareholder, notified the company of a change in its holdings. The notification confirmed that as of March 3, 2022, Van Eck crossed a threshold, now holding 4.008% of voting rights in Caledonia, up from 3.9838%. The reporting aligns with AIM Rules for Companies.
This notification constitutes inside information under EU Market Abuse Regulation.
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announced the resignation of John McGloin as a non-executive director, effective immediately. His departure comes as he takes on the role of CEO at Diamond Fields Resources Inc. Chairman Leigh Wilson acknowledged McGloin's contributions since joining in July 2016, particularly in exploring new opportunities utilizing his technical and geological expertise. The company expressed best wishes for his future endeavors.
Caledonia Mining Corporation Plc has announced a zero-cost hedging contract for approximately 25% of its 2022 gold production, specifically 20,000 ounces, from March to July 2022. The cap is set at $1,940 and the collar at $1,825, ensuring an effective gold price of no less than $1,825 per ounce. CEO Steve Curtis emphasized that this decision is to protect the balance sheet during a period of heightened capital investment as production ramps up.
Caledonia Mining Corporation (CMCL) has confirmed a tragic accident at its Blanket Mine in Zimbabwe, resulting in the death of 35-year-old employee Andrew Clydon Phiri. The incident, involving a LHD loader, occurred on February 21, 2022, during underground operations. An official investigation is underway, and further details will be provided once available. Caledonia extends its condolences to the family and colleagues of the deceased.
Caledonia Mining Corporation Plc (CMCL) announced new long-term incentive plan awards under its 2015 Omnibus Equity Incentive Compensation Plan. Key awards include performance units (PUs) granted to executives, with total values amounting to approximately US$1.1 million. The grants are tied to a share price of US$12.01, with a vesting date set for January 11, 2025. The final number of PUs will be adjusted based on company performance against specific metrics. Shares from vested PUs will have a minimum holding period of one year.
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