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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.
News
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Caledonia Mining Corporation Plc (CMCL) issues 6,452 common shares to staff as part of long-term incentive plan awards.
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Caledonia Mining Corporation Plc (CMCL) reports stable production at Blanket Mine for the quarter and year ended December 31, 2023. The company also provides guidance for the year to December 31, 2024, in respect of production, costs, and capital expenditure. The 2024 guidance of 74,000 to 78,000 ounces assumes that Blanket will broadly maintain the production rate achieved in 2023. The company's significant investment in Blanket over the past seven years has nearly doubled production, extended the mine life, and allowed the restart of underground exploration in 2023. The wider capital expenditure program continues to focus on unlocking value and delivering the multi-asset growth pipeline in Zimbabwe with Motapa and Bilboes, maintaining a disciplined focus on cost and capital allocation.
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Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) received notification from BlackRock, Inc. that on January 2, 2024, it crossed a threshold for notification of a relevant change. BlackRock, Inc. now holds 4.97% of voting rights in Caledonia Mining Corporation Plc.
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Caledonia Mining Corporation Plc (CMCL) declares a quarterly dividend of 14 US cents per share. The ex-dividend date for VFEX is January 10, 2024, and for AIM and NYSE is January 11, 2024. The record date is January 12, 2024, and the payment date is January 26, 2024. Shareholders with a registered address in the UK will be paid in Sterling. Caledonia has had a quarterly dividend policy since 2014, and the Board will consider future dividends as appropriate.
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Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) received notification from Allan Gray Proprietary Limited on December 27, 2023, indicating a relevant change. Allan Gray's voting rights in the company decreased to 5.993% from 6.331%.
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Caledonia Mining Corporation Plc (CMCL) received notification from Allan Gray Proprietary Limited that it had crossed a threshold for notification of a relevant change. This notification was received on December 19, 2023, regarding the crossing of the threshold on December 8, 2023.
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Caledonia Mining Corporation Plc (CMCL) announces that BlackRock, Inc. crossed a threshold for notification of a relevant change. BlackRock now holds 4.71% of voting rights in Caledonia Mining Corporation Plc.
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Caledonia Mining Corporation Plc (CMCL) received notification from BlackRock, Inc. on December 8, 2023, that it had crossed a threshold for notification of a relevant change. BlackRock now holds 4.18% of voting rights in Caledonia Mining Corporation Plc, totaling 899,705 voting rights.
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Caledonia Mining Corporation Plc (CMCL) announces its operating and financial results for the quarter and the nine months ended September 30, 2023. The Quarter demonstrated a significant improvement in the production performance of Blanket Mine, reporting record quarterly production. The financial highlights include revenues of $41.2m, a gross profit of $14.1 million, and EBITDA of $15.5 million. The operating highlights include 21,772 ounces of gold produced in the Quarter, reiterating its gold production guidance for 2023 of between 75,000 and 80,000 ounces.
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Caledonia Mining Corporation Plc (CMCL) received notification from BlackRock, Inc. on November 20, 2023, stating that it had crossed a threshold for notification of a relevant change. BlackRock now holds 4.73% of voting rights in Caledonia Mining, with a direct holding of 2.71% and an indirect holding of 2.02%. This change is a result of an acquisition or disposal of voting rights by BlackRock, Inc.
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FAQ
What is the current stock price of Caledonia Mining Corporation Plc (CMCL)?
The current stock price of Caledonia Mining Corporation Plc (CMCL) is $9.39 as of January 23, 2025.
What is the market cap of Caledonia Mining Corporation Plc (CMCL)?
The market cap of Caledonia Mining Corporation Plc (CMCL) is approximately 180.6M.
What is Caledonia Mining Corporation Plc's primary business?
Caledonia Mining Corp is primarily involved in gold exploration, development, and mining, with its flagship project being the Blanket Mine in Zimbabwe.
Where is Caledonia Mining Corporation Plc headquartered?
The company is headquartered at 2145 Dunwin Dr, Mississauga, Ontario, Canada.
What are the key projects of Caledonia Mining Corporation Plc?
Key projects include the Blanket Mine, Bilboes Oxide Mine, and exploration projects such as Maligreen and Motapa.
How deep is the Blanket Mine?
The Blanket Mine operates at a depth of approximately 750 meters below the surface.
What recent achievements has Caledonia Mining Corp made?
Recent achievements include increased gold production, strong financial performance, and resource expansion as detailed in their PEA.
When is the next shareholder call scheduled?
The Q1 2024 Results Call for Shareholders is scheduled for May 13, 2024, at 02:00 PM London time.
How does Caledonia Mining Corp ensure sustainable growth?
The company focuses on operational efficiency, cost control, and targeted exploration to ensure sustainable growth and profitability.
What is the significance of the Bilboes Oxide Mine for Caledonia Mining Corp?
The Bilboes Oxide Mine is a key development project with significant potential for future gold production, complementing the company's revenue from the Blanket Mine.
Who is the CEO of Caledonia Mining Corporation Plc?
Mark Learmonth is the CEO of Caledonia Mining Corporation Plc.
How can I register for the upcoming webinars hosted by Caledonia Mining Corp?
You can register for the webinars through the provided Zoom registration links on the company's announcements.
Caledonia Mining Corporation Plc