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 announced that BlackRock, Inc. has crossed a notification threshold concerning its shareholding in Caledonia as of May 21, 2024. The notification was received on May 22, 2024. BlackRock, Inc.'s updated position shows a decrease in voting rights from 4.76% to 4.67%, comprising 3.97% from shares and 0.70% from financial instruments. This change is significant per AIM Rules for Companies.
Caledonia Mining Plc has provided an update on its 'At the Market' (ATM) sales agreement with Cantor Fitzgerald & Co., covering the period from November 17, 2023, to May 17, 2024.
During this period, no securities were issued or allotted under the scheme. The company has a balance of 2,000,000 depositary interests representing the same number of common shares that have not yet been issued or allotted. The ATM Sales Agreement originally admitted 2,000,000 depositary interests on May 19, 2023.
This update is in compliance with Schedule Six of the AIM Rules for Companies.
Caledonia Mining announced a significant increase in mineral reserves and resources at its Blanket Mine in Zimbabwe. The updates include a 111% increase in mineral reserves and a 36% increase in mineral resources under the SEC's 1300 S-K guidelines. Additionally, Blanket’s life of mine has been extended to 2034, potentially reaching past 2040.
The company also released its Annual Report and filed an NI 43-101 technical report, reflecting a 106% increase in mineral reserves and a 63% increase in measured and indicated resources. These updates underscore the improved grades and widths from the 2023 drilling campaign.
Furthermore, new mineral reserve and resource estimates for the Bilboes Gold Project were published, aligning closely with existing NI 43-101 estimates. Shareholders are invited to a webinar on May 17, 2024, to discuss these updates.
Caledonia Mining Plc announced its financial and operating results for the quarter ended March 31, 2024. The company reported a gross profit of $13.8 million, an increase from Q1 2023. EBITDA for the period was $9.9 million, with Blanket Mine contributing $17.5 million. AISC decreased by 8.2% to $1,296 per ounce. Adjusted EPS was 26.9 cents, and net cash from operating activities improved to $4.9 million. Operating highlights include 17,476 ounces of gold produced, with positive results from the drilling program at Blanket. Production guidance for 2024 is optimistic. CEO Mark Learmonth expressed confidence in the results and outlined plans for future projects.
Caledonia Mining Plc is set to announce its Q1 2024 results on May 13, 2024, with a remote presentation for analysts and investors. The presentation will be followed by a Q&A session and will include an outlook for the company. Interested parties can register for the webinar to access the presentation.
Caledonia Mining Plc announced the results of its annual general meeting, with 62.28% of outstanding voting shares represented by 96 shareholders. Resolutions to reappoint directors and auditors were passed, with detailed voting results provided. Contact information for further inquiries was also provided.
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