Caledonia Mining Corporation Plc - CMCL STOCK NEWS

Caledonia Mining Plc (NYSE AMERICAN, AIM and VFEX: CMCL) has announced it will release its Q3 2024 operating and financial results on Monday, November 11, 2024. The company will host a remote presentation for analysts and investors at 2:00 PM London time on the same day, which will include a Q&A session. A presentation detailing the quarterly results and company outlook will be available on Caledonia's website. Interested participants can register for the Zoom webinar through the provided link.

Caledonia Mining Plc (NYSE AMERICAN, AIM and VFEX: CMCL) has announced gold production from the Blanket Mine in Zimbabwe for Q3 2024. Key highlights include:

• Quarterly gold production of 18,992 ounces (down from 21,772 ounces in Q3 2023)
• Gold produced in the first nine months of 2024 was 56,815 ounces (up from 55,244 ounces in 2023)
• Caledonia reiterates its 2024 gold production guidance of 74,000 to 78,000 ounces

The company also announced changes to its dividend declaration timing, which will now align with quarterly results publication. This change does not affect the company's dividend policy. The Q3 2024 dividend, if approved, will be declared in mid-November.

Caledonia Mining Plc (NYSE American: CMCL; AIM: CMCL; VFEX: CMCL) has announced the vesting of 14,694 common shares to James Mufara, the Chief Operations Officer, as part of an award of Restricted Share Units under the Company's 2015 Omnibus Equity Incentive Compensation Plan. This vesting occurred on September 30, 2024, resulting in Mr. Mufara's interest in the company's share capital increasing to 0.076%.

The company has applied for admission of depositary interests representing these shares to trading on AIM, with trading expected to commence around October 4, 2024. Following this issue, Caledonia's total number of shares in issue will be 19,214,554 common shares of no par value each. The company has no shares in treasury.

Caledonia Mining Plc has signed a conditional sale agreement to sell its Zimbabwe subsidiary, Caledonia Mining Services (Private) (CMS), which owns and operates a 12.2MWac solar plant supplying power to Blanket Mine. The buyer, CrossBoundary Energy Holdings (CBE), will pay $22.35 million in cash for CMS. Key points:

• The sale will generate a profit on the $14.3 million construction cost
• Caledonia will retain exclusive energy off-take, ensuring about 20% of Blanket Mine's daily electricity needs continue to be met by renewable power
• CBE has been invited to tender for an expansion of the solar plant
• The sale proceeds will be reinvested in Caledonia's other projects expected to yield higher returns
• Completion of the purchase is subject to various conditions precedent, including local regulatory approvals

Caledonia Mining Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announced receiving a notification from BlackRock, Inc. on September 26, 2024, regarding a relevant change in shareholding as of September 25, 2024. The notification, required by AIM Rules for Companies, details BlackRock's holdings in Caledonia.

According to the TR-1 form, BlackRock's total position in Caledonia stands at 4.97%, comprising 4.56% of voting rights attached to shares and 0.40% through financial instruments. This represents a slight decrease from the previous notification of 5.00%. The total number of voting rights held by BlackRock in Caledonia is 955,428.

Caledonia Mining Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) regretfully reports a fatal accident at its Blanket Mine in Zimbabwe on September 21, 2024. An employee was tragically killed after being struck by a fall of rock while drilling in a development area. Management at Blanket Mine is cooperating with authorities in their investigation of the incident.

Caledonia has expressed condolences to the family and colleagues of the deceased. The company is working closely with relevant authorities to assist in the inquiry into this unfortunate event. No further details about the accident or the identity of the employee have been provided at this time.

Caledonia Mining Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announced on August 15, 2024, that it received notification from BlackRock, Inc. regarding a relevant change in shareholding. As of August 12, 2024, BlackRock's total position in Caledonia Mining was 4.99%, consisting of 4.22% voting rights attached to shares and 0.77% voting rights through financial instruments. This represents a slight decrease from the previous position of 5.03%. The total number of voting rights held by BlackRock in Caledonia Mining is 959,474.

Caledonia Mining Plc announced strong Q2 2024 results, with gross revenues of $50.1 million, up from $37.0 million in Q2 2023. Gross profit increased 109.8% to $22.9 million. Blanket Mine produced 20,773 ounces of gold, compared to 17,436 ounces in Q2 2023. The all-in sustaining cost decreased 7.7% to $1,253 per ounce.

Key highlights include:

• Updated mineral reserves showing a 106% increase at Blanket Mine
• Preliminary economic assessment for Bilboes Sulphide Project suggesting 1.5 million ounces of gold over 10 years
• Net cash position improved by $12.8 million to negative $1.4 million
• Quarterly dividend of 14 cents per share maintained

Caledonia remains on track to achieve its 2024 production guidance of 74,000 to 78,000 ounces at Blanket Mine.

Caledonia Mining Plc (NYSE AMERICAN, AIM and VFEX: CMCL) has announced it will publish its Q2 2024 operating and financial results on August 12, 2024. The company will host a remote presentation for analysts and investors on the same day at 2:00 PM London time, followed by a Q&A session. A presentation of the results and company outlook will be available on Caledonia's website.

Investors can register for the webinar in advance through the provided Zoom link. The announcement includes contact details for various company representatives and financial PR firms in the UK, North America, and Zimbabwe, as well as information about the company's joint brokers and VFEX sponsor.