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Rhea-AI Summary
Caledonia Mining Corporation Plc provides a trading update for 2023, reporting 75,416 ounces of production at Blanket Mine. While revenue is in line with market expectations, increased operating costs and one-off expenses have led to reduced profit for the year. The company anticipates reporting an adjusted profit before tax below market expectations for 2023. The increase in costs is attributed to higher overtime payments, power costs, administrative costs, staff termination costs, financing costs, and a one-off impairment charge. Despite these challenges, the company expects cost reductions in 2024, particularly with Bilboes project costs being reduced to care and maintenance only. The company's cash position at the end of 2023 was $6.7 million. Operating and financial results for the fourth quarter of 2023 will be released by March 28, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.25%
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Rhea-AI Summary
Caledonia Mining Corporation Plc reported better than expected grades and widths from deep level drilling at Blanket Mine, indicating increased overall resource. The company's Chief Executive Officer, Mark Learmonth, expressed confidence in the resource and stated that the results should extend the existing life of the mine. The company expects a revised mineral resource and mineral reserve statement to be published in the second quarter of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.35%
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Rhea-AI Summary
Caledonia Mining Corporation Plc received notification from BlackRock, Inc. that it crossed a threshold for notification of a relevant change. BlackRock, Inc. now holds 4.84% of the voting rights in the company, a decrease from the previous 4.97%. This notification was received on January 22, 2024, and it is in compliance with the AIM Rules for Companies.
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Rhea-AI Sentiment
End-of-Day
5.26%
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News
Rhea-AI Summary
Caledonia Mining Corporation Plc (CMCL) issues 6,452 common shares to staff as part of long-term incentive plan awards.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.09%
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Rhea-AI Summary
Caledonia Mining Corporation Plc (CMCL) reports stable production at Blanket Mine for the quarter and year ended December 31, 2023. The company also provides guidance for the year to December 31, 2024, in respect of production, costs, and capital expenditure. The 2024 guidance of 74,000 to 78,000 ounces assumes that Blanket will broadly maintain the production rate achieved in 2023. The company's significant investment in Blanket over the past seven years has nearly doubled production, extended the mine life, and allowed the restart of underground exploration in 2023. The wider capital expenditure program continues to focus on unlocking value and delivering the multi-asset growth pipeline in Zimbabwe with Motapa and Bilboes, maintaining a disciplined focus on cost and capital allocation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.09%
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Rhea-AI Summary
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) received notification from BlackRock, Inc. that on January 2, 2024, it crossed a threshold for notification of a relevant change. BlackRock, Inc. now holds 4.97% of voting rights in Caledonia Mining Corporation Plc.
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Caledonia Mining Corporation Plc (CMCL) declares a quarterly dividend of 14 US cents per share. The ex-dividend date for VFEX is January 10, 2024, and for AIM and NYSE is January 11, 2024. The record date is January 12, 2024, and the payment date is January 26, 2024. Shareholders with a registered address in the UK will be paid in Sterling. Caledonia has had a quarterly dividend policy since 2014, and the Board will consider future dividends as appropriate.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.54%
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Rhea-AI Summary
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) received notification from Allan Gray Proprietary Limited on December 27, 2023, indicating a relevant change. Allan Gray's voting rights in the company decreased to 5.993% from 6.331%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.54%
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-
Rhea-AI Summary
Caledonia Mining Corporation Plc (CMCL) received notification from Allan Gray Proprietary Limited that it had crossed a threshold for notification of a relevant change. This notification was received on December 19, 2023, regarding the crossing of the threshold on December 8, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.4%
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Rhea-AI Summary
Caledonia Mining Corporation Plc (CMCL) announces that BlackRock, Inc. crossed a threshold for notification of a relevant change. BlackRock now holds 4.71% of voting rights in Caledonia Mining Corporation Plc.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.29%
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Caledonia Mining Corporation Plc
NYSE:CMCL
CMCL Rankings
CMCL Stock Data
191.76M
14.41M
15.13%
39.43%
0.91%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
United States of America
Castle Quay
About CMCL
caledonia mining corp (cal) is a mining and metals company located in 2145 dunwin dr, mississauga, ontario, canada.