Caledonia Mining Stock Price, News & Analysis

Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL) announced an increased quarterly dividend of US$0.10 per share, marking an 18% increase from the previous 8.5 cents. This represents a 45% cumulative increase since October 2019. The Board's decision reflects confidence in business resilience, aided by stable production and favorable gold prices. The ex-dividend date is October 15, 2020, with dividends to be paid on October 30, 2020. The Company also anticipates reduced capital expenditure in 2021, allowing for potential future dividend increases.

Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) reported that BlackRock, Inc., a significant shareholder, increased its stake in the company. On September 25, 2020, BlackRock crossed a notification threshold, raising its voting rights from 4.97% to 5.07%. The total voting rights held by BlackRock now include 615,610 shares, representing 5.07%, alongside additional financial instruments. The increase reflects a strategic commitment to Caledonia as it progresses in the mining sector.

Caledonia Mining Corporation Plc (NYSE American: CMCL) announced that its Chairman, Leigh Wilson, sold 12,000 shares at USD 17.32 each on September 22, 2020. Post-transaction, Wilson retains 40,000 shares, equating to approximately 0.033% of the total shares. This transaction is part of the regulatory requirements for managerial disclosures. The company continues to uphold transparency in its operations.

Caledonia Mining Corporation Plc (CMCL) announced that director John Kelly sold 13,163 common shares, reducing his total holdings to 16,330 shares, approximately 0.013% of the company's share capital. The transactions occurred on September 16 and 18, 2020, at prices of USD 19.62 and USD 19.40, respectively. This initial notification details the nature and volume of the share sale, which could raise questions about insider trading and investor confidence regarding the company's future performance.

Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) announced it raised US$13 million through the sale of 597,963 shares under its At the Market Sales Agreement. This brings the total shares issued to 12,118,823. Following this capital raise, the company has cancelled the remaining block admission for 202,037 shares. The proceeds will fund a solar power plant to supply electricity to Blanket Mine in Zimbabwe. The company completed the share issuance before the deadline of September 7, 2020.

Caledonia Mining Corporation Plc (CMCL) announced that BlackRock, Inc., a significant shareholder, reduced its stake from 5.22% to 4.97% as of September 1, 2020. BlackRock also holds an additional 0.65% through financial instruments, totaling a 5.62% interest. The notification was received on September 2, 2020, following the crossing of a threshold for major holdings reporting. These changes in ownership may reflect strategic shifts or market responses but indicate a slight decrease in confidence from a major institutional investor.

Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) announced on September 1, 2020, that BlackRock, Inc. increased its stake in the company. BlackRock crossed a notification threshold on August 27, 2020, now holding 5.58% of the voting rights, up from 5.04%. This increase includes 601,565 direct voting rights and financial instruments contributing an additional 11,200 via securities lending and 31,148 through contracts for difference (CFDs). Caledonia welcomes this enhanced investment as a significant endorsement of its operations.

Caledonia Mining Corporation Plc (CMCL) reported strong financial results for Q2 2020, with gross revenues soaring to $22.9 million, a 39% increase from $16.5 million in Q2 2019. Gross profit increased by 30% to $9.2 million, while EBITDA rose by 35% to $9.6 million. Gold production reached 13,499 ounces, surpassing Q2 2019's 12,712 ounces. The company declared a quarterly dividend of 8.5 cents per share, up 13.3% from the previous quarter. Despite challenges from COVID-19, production remained stable at 93% of target, maintaining the annual production guidance of 53,000 to 56,000 ounces.

Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) has announced an "At the Market" sales agreement with Cantor Fitzgerald & Co to sell up to US$13 million worth of shares. The proceeds will primarily support the construction of a solar power plant for the Blanket Mine in Zimbabwe. A block admission for 800,000 new shares has been requested, expected to become effective on July 27, 2020. The company's issued share capital remains at 11,520,860. Regular updates on the utilization of the block admission will be provided.