Caledonia Mining Stock Price, News & Analysis

Caledonia Mining Corporation Plc (CMCL) reported that significant shareholder Allan Gray Proprietary Limited increased its stake on June 2, 2022, surpassing a major notification threshold. This acquisition involves 2,069,891 shares, representing 16.129% of voting rights in the company. The increase signifies a solidified belief among significant investors in Caledonia's potential. The notification details were submitted as required under the AIM Rules.

Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) has filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2021, with the SEC. The report complies with new SEC regulations, including **mineral resource** estimates and a technical report summary for its Blanket Gold Mine and Maligreen Gold Project. Key differences in the reports stem from the attributable ownership of 64% for Blanket Gold Mine. An updated NI 43-101 technical report is expected in late 2022, highlighting ongoing exploration and mineral estimates.

Caledonia Mining Corporation Plc (CMCL), reported a strong Q1 2022, with gross revenues rising to $35.1 million, a 40% increase from Q1 2021. This growth resulted from higher production of 18,515 ounces of gold and a 6% rise in the realized gold price. EBITDA reached $14.6 million, while adjusted earnings per share improved to 62.5 cents. The on-mine cost dropped to $698 per ounce. A quarterly dividend of 14 cents per share was declared, marking a 27% increase year-over-year. However, the company reported a fatal accident in February, underscoring ongoing safety concerns.

Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) has appointed Gordon Wylie as an independent non-executive director. With over 46 years in the mining industry, including senior roles at AngloGold Ashanti, he brings extensive experience in mining and exploration geology. Wylie has also served as a non-executive director at several companies, including Lydian International. His expertise in emerging mining jurisdictions is expected to support Caledonia's growth strategies, particularly in Zimbabwe, where the company recently completed its Central Shaft project.

Caledonia Mining Corporation Plc (CMCL) has appointed Cenkos Securities Plc as its nominated adviser and joint broker, effective May 5, 2022. This strategic move aims to enhance the company's advisory and brokerage capabilities in the market. The appointment reflects Caledonia's commitment to strengthening its financial operations and maximizing shareholder value through improved market engagement.

Caledonia Mining Corporation Plc (CMCL) held its annual general meeting on May 4, 2022, with 35.17% of shares represented. All resolutions, including reappointments of directors and auditors, were passed with significant majorities. Specifically, Leigh Wilson received 97.55% support while Steve Curtis garnered 99.51%. The AGM also approved the authority for the company to buy back up to 10% of its share capital. The full details are available on their official website.

Caledonia Mining Corporation Plc (CMCL) reported record gold production of 18,515 ounces for Q1 2022, marking a 40% increase from 13,197 ounces in Q1 2021. The company reiterated its annual production target of 73,000 to 80,000 ounces. CEO Steve Curtis hailed the achievement as exceeding expectations due to increased capacity at the Central Shaft. However, the quarter was marred by a fatal accident involving a Blanket employee, highlighting ongoing safety concerns.

Caledonia Mining Corporation Plc (NYSE: CMCL) announced a quarterly dividend of 14 cents per share, effective April 4, 2022. Key dates include an ex-dividend date of April 14 for AIM shares, while the NYSE and VFEX have ex-dividend dates of April 18 and April 13, respectively. The record date is April 19, and the payment date is set for April 29, 2022. This dividend declaration reflects the company's commitment to return value to shareholders.

Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) has appointed Liberum Capital Limited as its joint broker effective immediately. This strategic move aims to enhance Caledonia's market presence and support its operations. The company continues to focus on maximizing shareholder value while advancing its mining initiatives. The appointment is expected to provide Caledonia with enhanced financial services and market insights, aligning with its growth objectives.