Caledonia Mining Stock Price, News & Analysis

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.

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.

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.

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.

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.

Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) has declared a quarterly dividend of US$0.14 per share, with a payment date of July 29, 2022. The company's production target for 2022 is set between 73,000 to 80,000 ounces of gold, and they are on track to meet this goal. Caledonia aims to diversify from being a single-asset producer by exploring investment opportunities in Zimbabwe and beyond. Key dates for shareholders include the ex-dividend dates of July 13 and July 14 and a record date of July 15.