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.
Caledonia Mining Corporation Plc (CMCL) reported record gold production from its Blanket Mine in Zimbabwe for Q2 2022, achieving 20,091 ounces, a 20% increase from 16,710 ounces in Q2 2021. Total production for the first half of 2022 reached 38,606 ounces, about 29% higher than the 29,907 ounces produced in H1 2021. For the full year, gold production is projected between 73,000 to 80,000 ounces. The COO noted that first-half performance exceeded expectations, with future production bolstered by processing planned for an additional 1,500 ounces from an ore stockpile.
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) has declared a quarterly dividend of US$0.14 per share, with a payment date of July 29, 2022. The company's production target for 2022 is set between 73,000 to 80,000 ounces of gold, and they are on track to meet this goal. Caledonia aims to diversify from being a single-asset producer by exploring investment opportunities in Zimbabwe and beyond. Key dates for shareholders include the ex-dividend dates of July 13 and July 14 and a record date of July 15.
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) announced on June 21, 2022, that Van Eck Associates Corporation, a significant shareholder, has adjusted its holdings. On June 17, 2022, Van Eck crossed a notification threshold, now owning 3.58% of voting rights, down from 4.01%. This decrease indicates a reduction in their stake in the company. The press release confirms that this notification complies with AIM Rules for Companies.
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.