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 operates as a gold mining, exploration and development company with shares quoted on NYSE American, AIM and VFEX under CMCL. Company news centers on gold production and operating updates from the Blanket Mine, financial results shaped by realized gold prices, production volumes and mine costs, and sales that include output from the Bilboes oxide operation.
Recurring announcements also cover progress toward developing the Bilboes project, updates on exploration and growth projects, dividend communications, annual meeting results, board succession matters, auditor reappointments and significant-shareholder notifications under AIM disclosure rules.
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Caledonia Mining Corporation Plc (CMCL) reported its Q1 2023 gold production results, showing a 13% decline from 2022, with Blanket Mine producing 16,036 ounces. This decrease is attributed to mechanical and logistical issues, which have been resolved, leading to improved production in early April. The company reiterated its production guidance for the year, expecting between 75,000 and 80,000 ounces from Blanket.
Bilboes project began gold production from oxide pre-stripping, yielding 105 ounces, but faced challenges including inconsistent grades and mechanical breakdowns. The company will no longer provide guidance on this low-margin production as it focuses on a feasibility study for the larger sulphide project.