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 (NYSE American: CMCL; AIM: CMCL) announced that non-executive director Johan Holtzhausen purchased 1,200 depositary interests, equivalent to 1,200 common shares, at an average price of GBP8.89 each. Following this acquisition, Holtzhausen now holds a total of 21,025 shares, representing approximately 0.17% of the company's total issued share capital. The transaction occurred on August 12, 2021, and was conducted on the AIM market.
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL) reported strong financial and operational results for Q2 2021, with gross revenues of $30.0 million, up 31% from Q2 2020. Gross profit reached $13.9 million, a 51% year-over-year increase. EBITDA soared to $14.0 million, up 103%. The company produced a record 16,710 ounces of gold in Q2, reflecting improved efficiency due to the Central Shaft. Caledonia remains on track to meet its production target of 61,000-67,000 ounces for 2021, with ongoing cost management and a commitment to safety amidst COVID-19 precautions.
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL) announced that it will host a conference webinar on August 12, 2021, to discuss its operating and financial results for Q2 and the first six months of 2021. The webinar will take place at 16:30 GMT, with a presentation video available on Caledonia's website. Participants can join via Zoom or by phone, using the provided access details. This event aims to provide insights into the company's performance and future outlook.
Caledonia Mining Corporation Plc (CMCL) is initiating a listing process for depositary receipts on the Victoria Falls Stock Exchange (VFEX) in Zimbabwe. This step is conditional on market conditions and improved payment proposals by Zimbabwe authorities for gold produced at its Blanket Mine. The VFEX aims to engage both domestic and foreign investors, with transactions in US dollars. The listing process is expected to raise approximately US$3.0 million to meet local shareholder spread requirements and support general corporate purposes.
Caledonia Mining Corporation Plc (CMCL) announced a quarterly dividend increase to US$0.13 per share, an 8% rise from the previous dividend of 12 cents paid in April 2021. This increase marks the sixth raise since October 2019 and reflects a cumulative 89% growth since then. With the Central Shaft now operational, the company targets production of 61,000 to 67,000 ounces of gold in 2021, aiming for 80,000 ounces annually starting 2022. The ex-dividend date is July 15, 2021, with payment scheduled for July 30, 2021.
Caledonia Mining Corporation (NYSE AMERICAN: CMCL) reported a record gold production of 16,710 ounces for Q2 2021, a 23.8% increase from the same quarter in 2020. Total production for the first half of 2021 reached 29,907 ounces, up 7.8% compared to the prior year. The company maintains its full-year guidance of 61,000 to 67,000 ounces and is on track to achieve a target of 80,000 ounces in 2022, following the successful operationalization of the Central Shaft.
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL) announced on June 30, 2021, that BlackRock, Inc. notified them about a change in their holdings. As of June 25, 2021, BlackRock’s interest in voting rights has fallen below 3% of Caledonia's issued share capital. This notification is crucial as it indicates a reduction in one of the company’s significant shareholders, which could affect market perception and stock performance.
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL) announced a 1% increase in Proven and Probable Mineral Reserves to 528,000 ounces and a 12% increase in Measured and Indicated Mineral Resources (M&I) to 902,000 ounces at its Blanket Mine in Zimbabwe. This growth follows a depletion of 84,925 ounces. The upgrade supports a target production of 80,000 ounces per annum from 2022. The report reflects completion of the Central Shaft and improved data analysis despite delays caused by Covid-19. The effective date is January 1, 2020, and is independently validated.
Caledonia Mining Corporation Plc (CMCL) reported Q1 2021 results with gross revenues rising to $25.7 million from $23.6 million in Q1 2020, despite lower production. On-mine costs increased to $836 per ounce due to lower grade and recoveries, while adjusted earnings per share decreased to 51.6 cents. The company produced 13,197 ounces of gold, down from 14,233 ounces in Q1 2020. They increased their quarterly dividend to 12 cents per share, a 75% cumulative increase since October 2019. Post-quarter production improved significantly, with 5,470 ounces produced in April.
