Caledonia Mining Stock Price, News & Analysis

Caledonia Mining (NYSE AMERICAN: CMCL) announced receiving a notification from BlackRock, Inc. regarding a change in shareholding that crossed a threshold for notification on November 11, 2024. According to the notification, BlackRock's total position increased to 5.02% of voting rights, consisting of 4.76% voting rights attached to shares (915,643 shares) and 0.25% through financial instruments (49,190 CFDs). This represents a total of 964,833 voting rights in the issuer.

Caledonia Mining (NYSE AMERICAN: CMCL) announced receiving a notification from BlackRock, Inc. regarding a change in shareholding that crossed a threshold for notification on November 7, 2024. According to the notification, BlackRock's total position decreased to 4.97% of voting rights, consisting of 4.72% in direct shares (907,873 voting rights) and 0.25% through financial instruments (48,864 voting rights through CFDs), totaling 956,737 voting rights. This represents a slight decrease from their previous position of 5.00%.

Caledonia Mining has declared a quarterly dividend of 14 cents (US$0.14) per share. The dividend schedule includes: ex-dividend dates of November 20, 2024 (VFEX), November 21, 2024 (AIM), and November 22, 2024 (NYSE American); record date of November 22, 2024; and payment date of December 6, 2024. UK shareholders will receive payment in Sterling. The company's dividend policy, established in 2014, aims to maximize shareholder value while maintaining a prudent approach to risk management.

Caledonia Mining reported Q3 2024 results with revenues of $46.9 million and gross profit of $19.3 million, up from $14.1 million in Q3 2023. Gold production was 18,992 ounces, lower than Q3 2023's 21,772 ounces. The company's all-in sustaining cost increased to $1,501 per ounce from $1,268 in Q3 2023. Net cash from operations decreased to $4.6 million from $14.5 million. A dividend of 14 cents per share was declared. The company signed a conditional agreement to sell its solar plant for $22.35 million while maintaining power supply. Production guidance for 2024 remains at 74,000-78,000 ounces at Blanket mine.

Caledonia Mining has announced encouraging initial results from its exploration program at Motapa Gold Project in Zimbabwe, adjacent to its Bilboes Gold Project. The program included 12,724m of trenching, 4,143m of diamond drilling, and 5,433m of reverse circulation drilling, revealing widespread gold mineralization over a 9km strike length.

Notable drilling highlights include intersections of 12.00m at 6.36g/t and 13.00m at 5.17g/t from the Jupiter area. The exploration focused on testing mineralization below historic oxide open pits and new target areas, with results confirming Motapa's strategic importance in the company's growth plans alongside the planned Bilboes development.

Caledonia Mining (NYSE AMERICAN: CMCL) announced receiving a notification from BlackRock, Inc. regarding a change in shareholding that crossed a threshold for notification on November 6, 2024. BlackRock's total position reached 5.00% of voting rights, consisting of 4.74% direct voting rights attached to shares (911,437 shares) and 0.26% through financial instruments. The total number of voting rights held by BlackRock in Caledonia amounts to 962,501.

Caledonia Mining Plc (NYSE AMERICAN, AIM and VFEX: CMCL) has announced it will release its Q3 2024 operating and financial results on Monday, November 11, 2024. The company will host a remote presentation for analysts and investors at 2:00 PM London time on the same day, which will include a Q&A session. A presentation detailing the quarterly results and company outlook will be available on Caledonia's website. Interested participants can register for the Zoom webinar through the provided link.

Caledonia Mining Plc (NYSE AMERICAN, AIM and VFEX: CMCL) has announced gold production from the Blanket Mine in Zimbabwe for Q3 2024. Key highlights include:

• Quarterly gold production of 18,992 ounces (down from 21,772 ounces in Q3 2023)
• Gold produced in the first nine months of 2024 was 56,815 ounces (up from 55,244 ounces in 2023)
• Caledonia reiterates its 2024 gold production guidance of 74,000 to 78,000 ounces

The company also announced changes to its dividend declaration timing, which will now align with quarterly results publication. This change does not affect the company's dividend policy. The Q3 2024 dividend, if approved, will be declared in mid-November.

Caledonia Mining Plc (NYSE American: CMCL; AIM: CMCL; VFEX: CMCL) has announced the vesting of 14,694 common shares to James Mufara, the Chief Operations Officer, as part of an award of Restricted Share Units under the Company's 2015 Omnibus Equity Incentive Compensation Plan. This vesting occurred on September 30, 2024, resulting in Mr. Mufara's interest in the company's share capital increasing to 0.076%.

The company has applied for admission of depositary interests representing these shares to trading on AIM, with trading expected to commence around October 4, 2024. Following this issue, Caledonia's total number of shares in issue will be 19,214,554 common shares of no par value each. The company has no shares in treasury.