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 (CMCL) announced that CFO Chester Goodburn purchased 2,235 shares at USD 9.95 per share on October 5, 2022. Following this transaction, Goodburn holds a total of 6,335 shares, representing approximately 0.05% of Caledonia's issued share capital. This purchase reflects insider confidence in the company's prospects.
Caledonia Mining Corporation (CMCL) has declared a quarterly dividend of US$0.14 per share. The company is on track to meet its production target of 73,000 to 80,000 ounces of gold in 2022. Caledonia's acquisition of Bilboes Gold Limited aims to restart operations to enhance cash flow within six months. The annualized dividend yield is approximately 6%, reflecting the company's strategy of returning value to shareholders while expanding its gold production capacity.
Key dates for the dividend: Ex-dividend on October 12 (VFEX) and October 13 (AIM & NYSE), record date on October 14, payment date set for October 28, 2022.
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) announced that its non-executive directors acquired shares totaling 6,525 units on September 27, 2022. Mr. Leigh Wilson purchased 5,500 shares at USD 8.92 each, increasing his holdings to 45,500 shares (0.35% ownership). Mr. Johan Holtzhausen acquired 1,025 depositary interests at GBP 8.35, now holding 22,050 shares (0.17% ownership). These transactions indicate confidence from directors amid market fluctuations.
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL) reported strong financial results for Q2 2022, achieving gross revenues of $36.99 million, a 23.4% increase year-over-year. Gross profit rose 28.8% to $17.9 million with an EBITDA of $17.8 million. Production hit a record 20,091 ounces of gold in the quarter, up 20% compared to Q2 2021. The acquisition of the Bilboes gold project was announced, subject to conditions, aiming to enhance growth prospects. Despite a higher all-in sustaining cost of $925 per ounce, the company remains focused on increasing production and reducing costs.
Caledonia Mining Corporation Plc (CMCL) has signed an agreement to acquire Bilboes Gold Limited, including the Bilboes gold project in Zimbabwe, for 5,123,044 shares, valued at approximately $53.3 million based on a share price of $10.40. The project boasts proven and probable reserves of 1.96 million ounces of gold. Caledonia will conduct a feasibility study to optimize the commercialization of the project and restart oxide operations with a tribute arrangement. The acquisition aims to significantly increase production, potentially quadrupling current output.
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.