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 (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.
Caledonia Mining Corporation Plc (CMCL) announced on July 15, 2020, that BlackRock, Inc., a significant shareholder, has notified the Company of its holdings surpassing a reporting threshold. As of July 13, 2020, BlackRock indirectly holds 391,141 voting rights, representing 3.39% of CMCL's issued share capital, and an additional interest of 1.64% through financial instruments. This brings BlackRock's total interest in voting rights to 5.04%. Caledonia welcomes this investment as a sign of confidence.
Caledonia Mining Corporation Plc (NYSE AMERICAN & AIM: CMCL) reported a strong quarterly gold production from its Blanket Mine in Zimbabwe for Q2 2020. The company produced approximately 13,499 ounces of gold, a 6.2% increase from Q2 2019. For the first half of 2020, gold production was 27,732 ounces, a 12.5% increase year-over-year. Caledonia maintains its full-year production guidance of 53,000 to 56,000 ounces and is on track to reach 80,000 ounces by 2022. CEO Steve Curtis praised the achievement amidst COVID-19 challenges, emphasizing the company's solid foundation.