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) 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.
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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.
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL) announced on June 30, 2021, that BlackRock, Inc. notified them about a change in their holdings. As of June 25, 2021, BlackRock’s interest in voting rights has fallen below 3% of Caledonia's issued share capital. This notification is crucial as it indicates a reduction in one of the company’s significant shareholders, which could affect market perception and stock performance.