Welcome to our dedicated page for Caledonia Mining news (Ticker: CMCL), a resource for investors and traders seeking the latest updates and insights on Caledonia Mining stock.
Caledonia Mining Corporation Plc (CMCL) is a gold production, exploration and development company focused on Zimbabwe, with its primary asset being the Blanket Gold Mine, an underground gold mine in the Matabeleland South province in which the company holds a 64% interest. The CMCL news feed highlights how operational performance at Blanket and the advancement of Caledonia’s wider Zimbabwean project portfolio translate into material updates for investors and observers of the gold ore mining sector.
News items for Caledonia commonly include production and guidance announcements for the Blanket Gold Mine, where the company reports quarterly and full-year gold production on a 100% basis and provides forward guidance on production, costs and capital expenditure for the group. These updates often discuss factors such as ore grades, milling throughput, operating conditions and planned investment in underground development, engineering, processing, safety and risk management.
Caledonia’s news flow also covers developments at its other Zimbabwean gold projects, including the Bilboes Project, Maligreen Project and Motapa Project. The company publishes information on technical report summaries, exploration activities and planned capital allocation, as well as commentary on how changes in Zimbabwe’s royalty and tax regimes may affect the economics of these assets. Regulatory and fiscal updates from the Zimbabwean government, and Caledonia’s assessment of their implications, are a recurring theme.
In addition, CMCL news includes capital markets and financing announcements, such as the company’s "At the Market" sales agreement for depositary interests and the proposed and priced offerings of convertible senior notes due 2033, along with related capped call transactions. Disclosures regarding significant shareholder notifications, director or executive share dealings and changes in executive management also appear in the company’s news. Investors following CMCL can use this page to review a chronological record of these operational, financial and regulatory developments.
Caledonia Mining (NYSE AMERICAN/AIM/VFEX: CMCL) outlined a four-part funding plan to advance the Bilboes gold project following its November 2025 Feasibility Study.
Key elements: a gold hedging programme locking a minimum price of US$3,500/oz on ~3,000 oz/month from Jan 2026–Dec 2028; a US$150m convertible notes issuance (5.875% coupon) that raised ~US$130m net after fees and capped-call costs (~10% of gross); an interim facility up to US$150m targeted by mid-2026; and a formal project finance process beginning Q1 2026.
Caledonia Mining (CMCL) notified that BlackRock, Inc. crossed an AIM notification threshold on 16/01/2026, with the issuer informed on 19/01/2026. BlackRock's resulting position is 6.20% total of voting rights, comprised of 5.63% direct voting rights (1,088,324 votes) and 0.56% via CFDs (109,510 votes), totalling 1,197,834 voting rights. The previous notified position was 5.81%. The filing lists BlackRock group entities and confirms completion at 12 Throgmorton Avenue, London on 19 January 2026.
Caledonia Mining (NYSE AMERICAN, AIM, VFEX: CMCL) closed an upsized offering of $150.0 million aggregate principal amount of 5.875% Convertible Senior Notes due 2033, including full exercise of an initial purchasers' option for an additional $25.0 million.
Key terms: cash coupon 5.875% payable semi‑annually beginning July 15, 2026; conversion price ~$40.51 per share (~25% premium to the Jan 14, 2026 share price); capped call purchase cost ~$14.4 million with a cap price ~$56.72 (~75% premium).
Caledonia Mining (AIM: CMCL) received a notification from BlackRock, Inc. that on 15/01/2026 it crossed a relevant disclosure threshold. The resulting position was 5.81% total voting rights (1,122,249 voting rights) comprising 4.12% direct holdings (796,267 voting rights) and 1.68% via financial instruments. The issuer was notified on 16/01/2026. The filing breaks the instruments into 232,902 voting rights via securities lending (1.20%) and 93,081 via CFDs (0.48%). The previous reported position was 5.37%.
Caledonia (NYSE AMER/AIM/VFEX: CMCL) priced an upsized $125.0 million offering of 5.875% Convertible Senior Notes due 2033, increased from $100.0 million, with a 13‑day initial purchaser option to buy an additional $25.0 million. Closing is expected on January 20, 2026. Net proceeds are estimated at approximately $120.2 million (or $144.4 million if the option is exercised) after fees. Initial conversion rate is 24.6837 shares per $1,000 (≈$40.51 per share, ~25% premium to the Jan 14, 2026 sale price). Caledonia also entered capped call transactions (cap price $56.7175) to reduce dilution; capped call costs are ~$12.0 million (or ~$14.4 million if option exercised). Proceeds will fund capped calls, the Bilboes gold project and general corporate needs.
Caledonia Mining (NYSE AMERICAN/AIM/VFEX: CMCL) announced a proposed private placement of $100 million aggregate principal amount of Convertible Senior Notes due 2033, with an initial purchaser option for an additional $20 million. The notes will be general senior unsecured obligations, pay interest semi-annually and be convertible into cash, common shares or a combination, with final interest rate and conversion terms set at pricing. Net proceeds are expected to fund capped call transactions and provide flexibility for developing the Bilboes gold project in Zimbabwe and for general corporate and working capital needs. The offering is to qualified institutional buyers and is subject to market and other conditions.
Caledonia Mining (NYSE AMERICAN/AIM/VFEX: CMCL) reported FY 2025 Blanket production of 76,213 oz, meeting guidance of 75,500–79,500 oz. Q4 2025 output was 17,367 oz (Q4 2024: 19,841 oz), with second-half 2025 affected by lower tonnages from higher-grade areas and end‑quarter electricity interruptions.
For FY 2026 the company guides Blanket production of 72,000–76,500 oz, on‑mine cash cost of US$1,500–1,700/oz, AISC of US$2,100–2,300/oz, and total Group capex of US$162.5m including US$132m for the Bilboes development (subject to board approval and funding). Sustaining capex may rise ~US$11m for long‑term power solutions.
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announced on January 14, 2026 that Chief Operating Officer James Mufara has left the company.
The company said operations continue to be managed by the existing executive and operating team, that operations and strategy remain unchanged, and that it does not currently intend to appoint another Chief Operating Officer.
Contact details for investor and media enquiries were provided.
Caledonia Mining (NYSE AMERICAN/AIM/VFEX: CMCL) said Zimbabwe has passed the Finance Act, 2025, enacting the 2026 National Budget and confirming prior company disclosures of Dec 1 and Dec 19, 2025.
The enacted provisions state a 10% royalty will apply only if the gold price exceeds US$5,000/oz, and other proposed tax and royalty changes highlighted on Dec 1, 2025 have been withdrawn. Caledonia confirms no amendments are required to the Bilboes Gold Project Technical Report Summary published on Nov 25, 2025 as a result of the Budget changes.
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) announced on December 23, 2025 that it received notification the previous day that Toziyana Resources Limited purchased 7,457 common shares at US$26.83 per share on December 22, 2025 on NYSE American LLC.
The notification states that Mr Victor Gapare, an executive director and settlor of the discretionary trust owning those shares, now holds an interest representing 12.66% of the company’s issued share capital.
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