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) provides investors and industry observers with comprehensive updates through this centralized news hub. Focused on gold production from its Zimbabwe-based operations, this page aggregates official announcements, quarterly results, and strategic developments from the company's core assets.
Access timely updates on the Blanket Mine's production metrics, exploration progress at Maligreen and Motapa projects, and corporate initiatives shaping CMCL's position in southern Africa's mining sector. Our curated collection serves as your primary source for operational updates, resource estimates, and management commentary - essential for understanding this gold producer's market trajectory.
Key updates include quarterly production reports, reserve disclosures, infrastructure investments, and sustainability initiatives. Bookmark this page to monitor CMCL's progress in optimizing its flagship operation while expanding its asset base through strategic exploration.
Caledonia Mining (NYSE AMERICAN: CMCL) announces a delay in publishing its audited financial statements for the year ended December 31, 2024. The delay stems from an auditor query regarding deferred tax accounting treatment dating back to 2019.
The company emphasizes that this accounting issue is non-cash in nature and will have no impact on its cash position. The financial statements are now expected to be published by March 31, 2025. Management affirms that the company's underlying performance for 2024 remains in line with previous guidance and market expectations.
CFO Chester Goodburn will extend his tenure by one week, stepping down on March 31, 2025, following the financial results publication. The company has rescheduled its investor presentation and Q&A session to March 31, 2025, at 2:00pm London time.
Caledonia Mining (NYSE AMERICAN, AIM and VFEX: CMCL) has announced it will release its operating and financial results for both the full year and fourth quarter ended December 31, 2024, on March 24, 2025.
The company will host a remote presentation for analysts and investors on the same day at 2:00pm London time, which will include a Q&A session. The presentation materials covering the results and company outlook will be made available on Caledonia's website.
Caledonia Mining (NYSE AMERICAN, AIM and VFEX: CMCL) announced that CFO Chester Goodburn will step down on March 24, 2025, following the publication of 2024 financial results. He will be succeeded by Ross Jerrard, who previously served as CFO of Centamin plc from 2016 until its $2.5 billion acquisition by AngloGold Ashanti in 2024.
Jerrard, 50, brings significant financial leadership experience from his role at Centamin, a former FTSE-250 dual-listed mining company operating the Sukari gold mine in Egypt, which produces 450,000 ounces of gold annually. He is a member of the Institute of Chartered Accountants of Australia and New Zealand and Zimbabwe.
Goodburn, who has been with Caledonia since 2014 and served as CFO since July 2022, will remain as a consultant briefly to ensure a smooth transition. The company aims to become a mid-tier, Zimbabwe-focused gold producer.
Caledonia Mining (NYSE AMERICAN, AIM and VFEX: CMCL) has announced two key appointments to its board of directors. Stefan Buys, with over 30 years of leadership in global mining, and Lesley Goldwasser, a financial executive with extensive capital markets expertise, have joined as independent non-executive directors.
Stefan Buys brings experience from leadership roles at ArcelorMittal, Rio Tinto, BHP, and Xstrata, with expertise in various mining operations across multiple continents. Lesley Goldwasser, currently Managing Partner at GreensLedge, brings significant financial expertise and board experience, including roles at Credit Suisse and Bear Stearns.
The company also announced that Johan Holtzhausen, who has served since 2013, will retire from the Board and as Audit Committee chair at the May 2025 AGM. Tariro Gadzikwa will assume the role of Audit Committee chair following the AGM.
Caledonia Mining (NYSE AMERICAN, AIM and VFEX: CMCL) reports that Blanket Mine achieved its 2024 production guidance with 76,656 ounces of gold, slightly above 2023's 75,416 ounces. Q4 production was 19,841 ounces, with record milling of 797,000 tonnes for the year.
The company announced a $41.8 million capital expenditure program for 2025, including $34.9 million for Blanket Mine and $5.8 million for Bilboes and Motapa projects. Key investments focus on development, efficiency improvements, and operational resilience. The 2025 production guidance is set at 73,500-77,500 ounces, with projected on-mine costs of $1,050-$1,150/oz and all-in sustaining costs of $1,690-$1,790/oz.
All investments will be funded through cash generation and reserves, with no impact on dividends. The company aims to transition into a mid-tier Zimbabwe-focused gold producer with multi-asset profitable production.
Caledonia Mining (CMCL) received a notification from BlackRock, Inc. regarding a change in shareholding that crossed a notification threshold on December 27, 2024. BlackRock's total position decreased slightly to 4.99% of voting rights, consisting of 4.74% direct voting rights (910,828 shares) and 0.25% through financial instruments (49,190 shares via CFDs). The notification was received on December 30, 2024, and represents a minor reduction from the previous position of 5.00%.
Caledonia Mining (NYSE AMERICAN, AIM and VFEX: CMCL) has entered into an 'At the Market' (ATM) sales agreement with Cantor Fitzgerald & Co. The agreement allows Caledonia to sell up to $50 million worth of shares through ordinary brokers' transactions or block trades on NYSE American at market prices.
The company plans to use the net proceeds for developing the Bilboes sulphide project. Caledonia has filed a technical report summary for the Bilboes Gold Project, prepared by DRA Projects, with an effective date of May 30, 2024. The company expects to publish a new feasibility study for the project in Q1 2025.
An application has been made to AIM for a block admission of 4,000,000 new depositary interests. The company's issued share capital remains at 19,214,554 shares.
Caledonia Mining announces that CEO and Director Mark Learmonth purchased 2,047 depositary interests at GBP8.30 per interest on December 6, 2024. Following this transaction, Learmonth now holds 187,031 shares, representing approximately 0.97% of Caledonia's issued share capital.
Caledonia Mining (NYSE AMERICAN: CMCL) announced receiving a notification from BlackRock, Inc. regarding a significant shareholding change on November 21, 2024. BlackRock's total position reached 5.00% of voting rights, consisting of 4.74% direct voting rights attached to shares (911,836 shares) and 0.25% through financial instruments (49,190 shares via CFDs). The notification was received on November 22, 2024, marking a crossing of the threshold for relevant change as defined by AIM Rules for Companies.
Caledonia Mining (NYSE AMERICAN: CMCL) received two notifications from BlackRock, Inc. regarding changes in shareholding. The first notification on November 19, 2024, showed BlackRock held a 5.00% stake (960,786 shares) as of November 18, comprising 4.74% in voting rights and 0.25% in financial instruments. The second notification on November 20, 2024, indicated a slight decrease to 4.98% (957,680 shares) as of November 19, with 4.72% in voting rights and 0.25% in financial instruments.
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