Caledonia Mining Stock Price, News & Analysis

Caledonia Mining (NYSE AMERICAN, AIM and VFEX: CMCL) has entered into an 'At the Market' (ATM) sales agreement with Cantor Fitzgerald & Co. The agreement allows Caledonia to sell up to $50 million worth of shares through ordinary brokers' transactions or block trades on NYSE American at market prices.

The company plans to use the net proceeds for developing the Bilboes sulphide project. Caledonia has filed a technical report summary for the Bilboes Gold Project, prepared by DRA Projects, with an effective date of May 30, 2024. The company expects to publish a new feasibility study for the project in Q1 2025.

An application has been made to AIM for a block admission of 4,000,000 new depositary interests. The company's issued share capital remains at 19,214,554 shares.

Caledonia Mining announces that CEO and Director Mark Learmonth purchased 2,047 depositary interests at GBP8.30 per interest on December 6, 2024. Following this transaction, Learmonth now holds 187,031 shares, representing approximately 0.97% of Caledonia's issued share capital.

Caledonia Mining (NYSE AMERICAN: CMCL) announced receiving a notification from BlackRock, Inc. regarding a significant shareholding change on November 21, 2024. BlackRock's total position reached 5.00% of voting rights, consisting of 4.74% direct voting rights attached to shares (911,836 shares) and 0.25% through financial instruments (49,190 shares via CFDs). The notification was received on November 22, 2024, marking a crossing of the threshold for relevant change as defined by AIM Rules for Companies.

Caledonia Mining (NYSE AMERICAN: CMCL) received two notifications from BlackRock, Inc. regarding changes in shareholding. The first notification on November 19, 2024, showed BlackRock held a 5.00% stake (960,786 shares) as of November 18, comprising 4.74% in voting rights and 0.25% in financial instruments. The second notification on November 20, 2024, indicated a slight decrease to 4.98% (957,680 shares) as of November 19, with 4.72% in voting rights and 0.25% in financial instruments.

Caledonia Mining (NYSE AMERICAN: CMCL) announced receiving a notification from BlackRock, Inc. regarding a change in shareholding that crossed a threshold for notification on November 15, 2024. According to the detailed notification, BlackRock's total position decreased to 4.99% of voting rights, consisting of 4.74% in direct shares (911,442 voting rights) and 0.25% through financial instruments (49,190 voting rights through CFDs), down from a previous position of 5.02%.

Caledonia Mining (NYSE AMERICAN: CMCL) announced receiving a notification from BlackRock, Inc. regarding a change in shareholding that crossed a threshold for notification on November 11, 2024. According to the notification, BlackRock's total position increased to 5.02% of voting rights, consisting of 4.76% voting rights attached to shares (915,643 shares) and 0.25% through financial instruments (49,190 CFDs). This represents a total of 964,833 voting rights in the issuer.

Caledonia Mining (NYSE AMERICAN: CMCL) announced receiving a notification from BlackRock, Inc. regarding a change in shareholding that crossed a threshold for notification on November 7, 2024. According to the notification, BlackRock's total position decreased to 4.97% of voting rights, consisting of 4.72% in direct shares (907,873 voting rights) and 0.25% through financial instruments (48,864 voting rights through CFDs), totaling 956,737 voting rights. This represents a slight decrease from their previous position of 5.00%.

Caledonia Mining has declared a quarterly dividend of 14 cents (US$0.14) per share. The dividend schedule includes: ex-dividend dates of November 20, 2024 (VFEX), November 21, 2024 (AIM), and November 22, 2024 (NYSE American); record date of November 22, 2024; and payment date of December 6, 2024. UK shareholders will receive payment in Sterling. The company's dividend policy, established in 2014, aims to maximize shareholder value while maintaining a prudent approach to risk management.

Caledonia Mining reported Q3 2024 results with revenues of $46.9 million and gross profit of $19.3 million, up from $14.1 million in Q3 2023. Gold production was 18,992 ounces, lower than Q3 2023's 21,772 ounces. The company's all-in sustaining cost increased to $1,501 per ounce from $1,268 in Q3 2023. Net cash from operations decreased to $4.6 million from $14.5 million. A dividend of 14 cents per share was declared. The company signed a conditional agreement to sell its solar plant for $22.35 million while maintaining power supply. Production guidance for 2024 remains at 74,000-78,000 ounces at Blanket mine.