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) announced its Q3 2020 gold production results, reporting approximately 15,164 ounces of gold produced, marking an 11.1% increase compared to Q3 2019. The company raised its 2020 production guidance to between 55,000 and 58,000 ounces, supported by a total of 42,896 ounces produced in the first nine months, up 12% year-on-year. Caledonia aims to achieve a target of 80,000 ounces by 2022, despite challenges posed by the coronavirus pandemic. CEO Steve Curtis highlighted the strong results and increased dividend as indicators of business strength.
Caledonia Mining Corporation Plc (CMCL) announced on October 2, 2020, a notification from BlackRock, Inc. indicating a slight decrease in its stake in the company. BlackRock’s ownership dropped from 5.07% to 4.99%, with total voting rights now at 5.38% when including financial instruments. The notification followed a threshold crossing on September 29, 2020. This change signifies cautious movement by a significant shareholder, which may impact investor sentiment regarding CMCL’s stock performance.
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL) announced an increased quarterly dividend of US$0.10 per share, marking an 18% increase from the previous 8.5 cents. This represents a 45% cumulative increase since October 2019. The Board's decision reflects confidence in business resilience, aided by stable production and favorable gold prices. The ex-dividend date is October 15, 2020, with dividends to be paid on October 30, 2020. The Company also anticipates reduced capital expenditure in 2021, allowing for potential future dividend increases.
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) reported that BlackRock, Inc., a significant shareholder, increased its stake in the company. On September 25, 2020, BlackRock crossed a notification threshold, raising its voting rights from 4.97% to 5.07%. The total voting rights held by BlackRock now include 615,610 shares, representing 5.07%, alongside additional financial instruments. The increase reflects a strategic commitment to Caledonia as it progresses in the mining sector.
Caledonia Mining Corporation Plc (NYSE American: CMCL) announced that its Chairman, Leigh Wilson, sold 12,000 shares at USD 17.32 each on September 22, 2020. Post-transaction, Wilson retains 40,000 shares, equating to approximately 0.033% of the total shares. This transaction is part of the regulatory requirements for managerial disclosures. The company continues to uphold transparency in its operations.
Caledonia Mining Corporation Plc (CMCL) announced that director John Kelly sold 13,163 common shares, reducing his total holdings to 16,330 shares, approximately 0.013% of the company's share capital. The transactions occurred on September 16 and 18, 2020, at prices of USD 19.62 and USD 19.40, respectively. This initial notification details the nature and volume of the share sale, which could raise questions about insider trading and investor confidence regarding the company's future performance.
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) announced it raised US$13 million through the sale of 597,963 shares under its At the Market Sales Agreement. This brings the total shares issued to 12,118,823. Following this capital raise, the company has cancelled the remaining block admission for 202,037 shares. The proceeds will fund a solar power plant to supply electricity to Blanket Mine in Zimbabwe. The company completed the share issuance before the deadline of September 7, 2020.
Caledonia Mining Corporation Plc (CMCL) announced that BlackRock, Inc., a significant shareholder, reduced its stake from 5.22% to 4.97% as of September 1, 2020. BlackRock also holds an additional 0.65% through financial instruments, totaling a 5.62% interest. The notification was received on September 2, 2020, following the crossing of a threshold for major holdings reporting. These changes in ownership may reflect strategic shifts or market responses but indicate a slight decrease in confidence from a major institutional investor.
Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL) announced on September 1, 2020, that BlackRock, Inc. increased its stake in the company. BlackRock crossed a notification threshold on August 27, 2020, now holding 5.58% of the voting rights, up from 5.04%. This increase includes 601,565 direct voting rights and financial instruments contributing an additional 11,200 via securities lending and 31,148 through contracts for difference (CFDs). Caledonia welcomes this enhanced investment as a significant endorsement of its operations.
Caledonia Mining Corporation Plc (CMCL) reported strong financial results for Q2 2020, with gross revenues soaring to $22.9 million, a 39% increase from $16.5 million in Q2 2019. Gross profit increased by 30% to $9.2 million, while EBITDA rose by 35% to $9.6 million. Gold production reached 13,499 ounces, surpassing Q2 2019's 12,712 ounces. The company declared a quarterly dividend of 8.5 cents per share, up 13.3% from the previous quarter. Despite challenges from COVID-19, production remained stable at 93% of target, maintaining the annual production guidance of 53,000 to 56,000 ounces.