Caledonia Mining Stock Price, News & Analysis

Caledonia Mining Corporation (CMCL) reported promising high-grade drill results from its ongoing resource expansion program at the 64% owned Blanket Mine. Results from 6,976 meters of underground drilling between January 2024 and April 2025 showed better-than-expected grades and widths in the Blanket and Eroica orebodies. A significant discovery includes a new orebody in the Blanket area with impressive grades of 6.71 g/t gold over 31.8 meters and 17.73 g/t gold over 10.8 meters. The drilling program aims to increase confidence in existing mineral resources and expand resources below the 34 level (1,110 meters). Notable intersections include 25.06 g/t gold over 13.2 meters and 21.39 g/t gold over 3.0 meters. The company anticipates these results will lead to an increased overall mineral resource estimate and extended mine life, supported by recently upgraded infrastructure.

Caledonia Mining Corporation (NYSE: CMCL) provided an update on its At the Market (ATM) sales agreement with Cantor Fitzgerald & Co. The report covers the period from December 17, 2024, to June 16, 2025. Under the ATM scheme, there are 4,000,000 depositary interests representing common shares that have not been issued. During the reporting period, no securities were issued or allotted under the scheme. The balance of securities not yet issued remains at 4,000,000 depositary interests. This update is in compliance with Rule 29 of the AIM Rules for Companies, providing transparency regarding the company's ATM facility status.

Caledonia Mining Corporation Plc (NYSE: CMCL) announced that Toziyana Resources Limited, the company's largest shareholder, purchased 10,000 common shares at $18.45 per share on June 11, 2025. The purchase was made through Toziyana, which is ultimately owned by a discretionary trust where Mr. Victor Gapare, an executive director of Caledonia, serves as the settlor. Following this transaction, Mr. Gapare's interest through the trust represents 12.62% of Caledonia's issued share capital. The transaction was executed on the NYSE American LLC.

Caledonia Mining Corporation Plc (CMCL) has published its 2024 ESG Report, highlighting the company's progress in sustainability practices and climate-related business strategies. CEO Mark Learmonth announced key achievements including the completion of a comprehensive climate change risk assessment to evaluate impacts of extreme weather, water stress, energy security, and regulatory changes. The company enhanced its sustainability reporting by conducting an IFRS Sustainability Standards readiness assessment and initiating an Equator Principles gap analysis.

The mining company demonstrated its commitment to community development through investments in local infrastructure, including solar energy installations for schools and clinics, while prioritizing local procurement to boost regional economic growth.

Caledonia Mining Corporation Plc (NYSE: CMCL) announced that Toziyana Resources Limited, its largest shareholder, has purchased 12,449 common shares at a volume-weighted average price of $14.47 per share on May 15, 2025. The purchase was made through a discretionary trust connected to Victor Gapare, an executive director of Caledonia and the settlor of the trust that owns Toziyana. Following this transaction, Gapare's interest in the company through the trust represents 12.56% of Caledonia's issued share capital.

Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) has announced the filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (SEC). The report is now accessible to investors and the public through the SEC's website and Caledonia's corporate website under the investors section.

Caledonia Mining Corporation Plc (NYSE: CMCL) announced a significant change in shareholding by BlackRock, Inc. as of May 12, 2025. BlackRock's total position in Caledonia increased to 5.07%, crossing a notification threshold. The position consists of 4.82% in direct voting rights (930,023 shares) and 0.25% through financial instruments (49,190 shares via CFDs). This represents a total of 979,213 voting rights, up from their previous position of 4.99%.

Caledonia Mining Corporation (NYSE: CMCL) has declared a quarterly dividend of $0.14 per share. The dividend will be paid on June 6, 2025, with ex-dividend dates of May 21, 2025 for VFEX and May 23, 2025 for both AIM and NYSE American listings. The record date is set for May 23, 2025. UK shareholders will receive their payments in Sterling. The company's dividend policy, established in 2014, is part of its strategy to maximize shareholder value, with future dividends to be considered based on investment opportunities and risk management approach.

Caledonia Mining (NYSE: CMCL) reported strong Q1 2025 financial results with significant growth across key metrics. Gold revenue surged 46% to $56.2 million, driven by a 42% increase in average gold price to $2,896/oz and 9.3% higher production of 19,106 ounces. Gross profit nearly doubled to $26.9 million, while net profit attributable to shareholders jumped 493% to $8.9 million. The company's financial position strengthened with improved net cash position of negative $4.6 million, further enhanced by the $22.35 million solar plant sale in April 2025. Operating costs increased with on-mine cost per ounce up 12.9% to $1,202 and AISC rising 33.1% to $1,797. Caledonia reaffirmed its 2025 production guidance for Blanket Mine at 74,000-78,000 ounces and continues to advance its Bilboes project feasibility study while launching a $2.8 million exploration program at Motapa.