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) is a gold production, exploration and development company focused on Zimbabwe, with its primary asset being the Blanket Gold Mine, an underground gold mine in the Matabeleland South province in which the company holds a 64% interest. The CMCL news feed highlights how operational performance at Blanket and the advancement of Caledonia’s wider Zimbabwean project portfolio translate into material updates for investors and observers of the gold ore mining sector.
News items for Caledonia commonly include production and guidance announcements for the Blanket Gold Mine, where the company reports quarterly and full-year gold production on a 100% basis and provides forward guidance on production, costs and capital expenditure for the group. These updates often discuss factors such as ore grades, milling throughput, operating conditions and planned investment in underground development, engineering, processing, safety and risk management.
Caledonia’s news flow also covers developments at its other Zimbabwean gold projects, including the Bilboes Project, Maligreen Project and Motapa Project. The company publishes information on technical report summaries, exploration activities and planned capital allocation, as well as commentary on how changes in Zimbabwe’s royalty and tax regimes may affect the economics of these assets. Regulatory and fiscal updates from the Zimbabwean government, and Caledonia’s assessment of their implications, are a recurring theme.
In addition, CMCL news includes capital markets and financing announcements, such as the company’s "At the Market" sales agreement for depositary interests and the proposed and priced offerings of convertible senior notes due 2033, along with related capped call transactions. Disclosures regarding significant shareholder notifications, director or executive share dealings and changes in executive management also appear in the company’s news. Investors following CMCL can use this page to review a chronological record of these operational, financial and regulatory developments.
Caledonia Mining Corporation Plc (CMCL) has announced the acquisition of the Maligreen project in Zimbabwe from Pan African Mining for US$4 million. The property holds an estimated NI 43-101 compliant inferred mineral resource of approximately 940,000 ounces of gold at a grade of 1.88g/t. With historical drilling, metallurgical tests, and geophysical surveys conducted over the last 30 years, Maligreen presents significant exploration potential. Caledonia plans to invest $1.6 million in an initial drilling program to further assess the resource and explore additional opportunities in the area.
Caledonia Mining Corporation Plc (CMCL) announced that the Van Eck Vectors Junior Gold Miners ETF has become a significant shareholder, holding 3.91% of voting rights as of March 19, 2021. The notification from Van Eck Associates Corporation, received on September 3, 2021, details the holdings through its two funds. This change in shareholding indicates a growing interest from a notable investment entity.
Caledonia Mining Corporation Plc (CMCL) has announced that VanEck Vectors Junior Gold Miners ETF holds 473,246 shares, representing 3.90% of Caledonia's issued share capital, making it a significant shareholder per AIM rules. The Company is confirming this shareholding with VanEck and will update stakeholders as necessary. Caledonia is part of the MVIS Global Junior Gold Miners Index, which underpins various North American gold investment funds, notably the VanEck Vectors Junior Gold Miners ETF.
Caledonia Mining Corporation Plc (NYSE American: CMCL; AIM: CMCL) announced that non-executive director Johan Holtzhausen purchased 1,200 depositary interests, equivalent to 1,200 common shares, at an average price of GBP8.89 each. Following this acquisition, Holtzhausen now holds a total of 21,025 shares, representing approximately 0.17% of the company's total issued share capital. The transaction occurred on August 12, 2021, and was conducted on the AIM market.
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL) reported strong financial and operational results for Q2 2021, with gross revenues of $30.0 million, up 31% from Q2 2020. Gross profit reached $13.9 million, a 51% year-over-year increase. EBITDA soared to $14.0 million, up 103%. The company produced a record 16,710 ounces of gold in Q2, reflecting improved efficiency due to the Central Shaft. Caledonia remains on track to meet its production target of 61,000-67,000 ounces for 2021, with ongoing cost management and a commitment to safety amidst COVID-19 precautions.
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL) announced that it will host a conference webinar on August 12, 2021, to discuss its operating and financial results for Q2 and the first six months of 2021. The webinar will take place at 16:30 GMT, with a presentation video available on Caledonia's website. Participants can join via Zoom or by phone, using the provided access details. This event aims to provide insights into the company's performance and future outlook.
Summary not available.
Caledonia Mining Corporation Plc (CMCL) is initiating a listing process for depositary receipts on the Victoria Falls Stock Exchange (VFEX) in Zimbabwe. This step is conditional on market conditions and improved payment proposals by Zimbabwe authorities for gold produced at its Blanket Mine. The VFEX aims to engage both domestic and foreign investors, with transactions in US dollars. The listing process is expected to raise approximately US$3.0 million to meet local shareholder spread requirements and support general corporate purposes.
Caledonia Mining Corporation Plc (CMCL) announced a quarterly dividend increase to US$0.13 per share, an 8% rise from the previous dividend of 12 cents paid in April 2021. This increase marks the sixth raise since October 2019 and reflects a cumulative 89% growth since then. With the Central Shaft now operational, the company targets production of 61,000 to 67,000 ounces of gold in 2021, aiming for 80,000 ounces annually starting 2022. The ex-dividend date is July 15, 2021, with payment scheduled for July 30, 2021.
Caledonia Mining Corporation (NYSE AMERICAN: CMCL) reported a record gold production of 16,710 ounces for Q2 2021, a 23.8% increase from the same quarter in 2020. Total production for the first half of 2021 reached 29,907 ounces, up 7.8% compared to the prior year. The company maintains its full-year guidance of 61,000 to 67,000 ounces and is on track to achieve a target of 80,000 ounces in 2022, following the successful operationalization of the Central Shaft.