Welcome to our dedicated page for Caledonia Mining Corporation Plc news (Ticker: CMCL), a resource for investors and traders seeking the latest updates and insights on Caledonia Mining Corporation Plc stock.
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.
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Caledonia Mining Corporation Plc provides information on its 'At the Market' sales agreement with Cantor Fitzgerald & Co, including details on the number and class of securities issued and allotted during the period, as well as the balance under the scheme of securities not yet issued. This includes 2,000,000 depositary interests representing the same number of common shares that were admitted on May 19, 2023.
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Caledonia Mining Corporation Plc Announces the Departure of COO Dana Roets and Highlights Achievements. Mr. Roets will step down from his role as COO, remaining a director until February 29, 2024, after a decade of instrumental contributions to the company's development. During his tenure, production increased from 45,000 to over 80,000 ounces in 2022, and all-in sustaining costs reduced from $978 to $878 per ounce. The successful Central Shaft project and deep level exploration have significantly extended Blanket Mine's life. A process to identify a suitable replacement as COO has begun. The CEO praised Mr. Roets' contribution, highlighting the increased production, reduced costs, and exploration success, expressing gratitude for his service.
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Caledonia Mining Corporation Plc (CMCL) announces its record quarterly performance with $41.2 million in revenues, a significant increase in production performance at Blanket Mine, and a reduction in monthly costs from $1 million to $200,000 at Bilboes. However, the Quarter's gross profit and EBITDA decreased by 2.5% compared to the prior year. Gold production was up at Blanket but down at Bilboes. Caledonia reiterates its gold production guidance for 2023 of 75,000 to 80,000 ounces at Blanket.
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Caledonia Mining Corporation received a notification from BlackRock, Inc. stating that it had crossed a threshold for notification of a relevant change. BlackRock now holds 4.62% of voting rights in Caledonia Mining Corporation.
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Caledonia Mining Corporation Plc announces a change in its Nominated Adviser and Joint Broker from Cavendish Securities plc to Cavendish Capital Markets Limited following a merger between Cavendish Securities plc and Cavendish Financial plc. The internal reorganization within the Cavendish Group led to this change.
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Caledonia Mining Corporation received notification from BlackRock, Inc. regarding a relevant change. BlackRock now holds 2.84% of voting rights in Caledonia Mining Corporation.
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Caledonia Mining Corporation announces record gold production from Blanket Mine in Zimbabwe
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Caledonia Mining Corporation declares a quarterly dividend of $0.14 per share, with payment date on October 27, 2023. Shareholders in the UK will be paid in Sterling.
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Caledonia Mining Corporation received a notification of a change in interest from Allan Gray Proprietary Limited, crossing a threshold for notification.
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Caledonia Mining Corporation received notifications from BlackRock, Inc. regarding a relevant change in voting rights. BlackRock's voting rights increased from 4.12% to 4.13% on September 11, 2023, and from 4.12% to 4.13% on September 13, 2023. The total number of voting rights held by BlackRock is 793,068.
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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