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.
Rhea-AI Summary
Caledonia Mining Corporation announces that a Non-Executive Director purchased 1,200 depositary interests at a price of GBP7.95 per interest.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.62%
Tags
-
Rhea-AI Summary
Caledonia Mining Corporation received notification from BlackRock, Inc. of a relevant change in voting rights. BlackRock now holds 4.00% of voting rights in the company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.48%
Tags
-
Rhea-AI Summary
Caledonia Mining Corporation Plc announces its operating and financial results for the quarter and the six months ended June 30, 2023. Gross revenues of $37.0 million, gross profit of $10.9 million, and EBITDA of $10.5 million in the quarter. On-mine cost per ounce for the quarter was $1,084. AISC of $1,357 per ounce. Foreign exchange loss of $3.6 million. Dividend of 14 cents per share paid in April and July. Group net cash outflows of $2.2 million. Production of 17,436 ounces of gold from Blanket mine. Bilboes oxide operation to be returned to care and maintenance. Production at Blanket in July of 7,829 ounces. Outlook focuses on achieving production and cost guidance, completing feasibility study on Bilboes sulphide project, and continuing drilling at Blanket.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.17%
Tags
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.08%
Tags
-
Rhea-AI Summary
Caledonia Mining announces quarterly gold production from the Blanket Mine and Bilboes Oxide Project in Zimbabwe. Blanket Mine production increased by 8.7% in Q2 2023 compared to Q1 2023. However, overall production for H1 2023 was lower than H1 2022 due to various issues. Bilboes Oxide Project will be returned to care and maintenance from October 1, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.32%
Tags
-
Rhea-AI Summary
Caledonia Mining Corporation reports encouraging results from the ongoing underground drilling program at Blanket Mine. Initial results indicate that the existing Eroica ore body continues at depth with grades and widths being generally better than expected. The drilling program is focused on converting inferred resources to indicated resources and exploring areas outside of inferred resources. The results will be reflected in a revised mineral resource statement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.09%
Tags
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.98%
Tags
-
Rhea-AI Summary
Caledonia Mining Corporation received notification from BlackRock that it crossed a threshold for notification, with an interest in excess of 3% of Caledonia’s issued share capital.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.32%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.73%
Tags
Rhea-AI Summary
Caledonia Mining Corporation announces Q1 2023 operating and financial results, including lower revenues and higher costs at Blanket Mine and Bilboes oxide mine. Gold production at Blanket Mine improved in April, maintaining production guidance for 2023. On-mine cost per ounce increased, while all-in sustaining cost per ounce also increased. Net cash outflow from operating activities and reduced cash and cash equivalents. Fatality occurred in February. Production guidance and cost guidance for Blanket Mine maintained.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.66%
Tags
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