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) provides investors and industry observers with comprehensive updates through this centralized news hub. Focused on gold production from its Zimbabwe-based operations, this page aggregates official announcements, quarterly results, and strategic developments from the company's core assets.
Access timely updates on the Blanket Mine's production metrics, exploration progress at Maligreen and Motapa projects, and corporate initiatives shaping CMCL's position in southern Africa's mining sector. Our curated collection serves as your primary source for operational updates, resource estimates, and management commentary - essential for understanding this gold producer's market trajectory.
Key updates include quarterly production reports, reserve disclosures, infrastructure investments, and sustainability initiatives. Bookmark this page to monitor CMCL's progress in optimizing its flagship operation while expanding its asset base through strategic exploration.
Caledonia Mining Plc has signed a conditional sale agreement to sell its Zimbabwe subsidiary, Caledonia Mining Services (Private) (CMS), which owns and operates a 12.2MWac solar plant supplying power to Blanket Mine. The buyer, CrossBoundary Energy Holdings (CBE), will pay $22.35 million in cash for CMS. Key points:
- The sale will generate a profit on the $14.3 million construction cost
- Caledonia will retain exclusive energy off-take, ensuring about 20% of Blanket Mine's daily electricity needs continue to be met by renewable power
- CBE has been invited to tender for an expansion of the solar plant
- The sale proceeds will be reinvested in Caledonia's other projects expected to yield higher returns
- Completion of the purchase is subject to various conditions precedent, including local regulatory approvals
Caledonia Mining Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announced receiving a notification from BlackRock, Inc. on September 26, 2024, regarding a relevant change in shareholding as of September 25, 2024. The notification, required by AIM Rules for Companies, details BlackRock's holdings in Caledonia.
According to the TR-1 form, BlackRock's total position in Caledonia stands at 4.97%, comprising 4.56% of voting rights attached to shares and 0.40% through financial instruments. This represents a slight decrease from the previous notification of 5.00%. The total number of voting rights held by BlackRock in Caledonia is 955,428.
Caledonia Mining Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) regretfully reports a fatal accident at its Blanket Mine in Zimbabwe on September 21, 2024. An employee was tragically killed after being struck by a fall of rock while drilling in a development area. Management at Blanket Mine is cooperating with authorities in their investigation of the incident.
Caledonia has expressed condolences to the family and colleagues of the deceased. The company is working closely with relevant authorities to assist in the inquiry into this unfortunate event. No further details about the accident or the identity of the employee have been provided at this time.
Caledonia Mining Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announced on August 15, 2024, that it received notification from BlackRock, Inc. regarding a relevant change in shareholding. As of August 12, 2024, BlackRock's total position in Caledonia Mining was 4.99%, consisting of 4.22% voting rights attached to shares and 0.77% voting rights through financial instruments. This represents a slight decrease from the previous position of 5.03%. The total number of voting rights held by BlackRock in Caledonia Mining is 959,474.
Caledonia Mining Plc announced strong Q2 2024 results, with gross revenues of $50.1 million, up from $37.0 million in Q2 2023. Gross profit increased 109.8% to $22.9 million. Blanket Mine produced 20,773 ounces of gold, compared to 17,436 ounces in Q2 2023. The all-in sustaining cost decreased 7.7% to $1,253 per ounce.
Key highlights include:
- Updated mineral reserves showing a 106% increase at Blanket Mine
- Preliminary economic assessment for Bilboes Sulphide Project suggesting 1.5 million ounces of gold over 10 years
- Net cash position improved by $12.8 million to negative $1.4 million
- Quarterly dividend of 14 cents per share maintained
Caledonia remains on track to achieve its 2024 production guidance of 74,000 to 78,000 ounces at Blanket Mine.
Caledonia Mining Plc (NYSE AMERICAN, AIM and VFEX: CMCL) has announced it will publish its Q2 2024 operating and financial results on August 12, 2024. The company will host a remote presentation for analysts and investors on the same day at 2:00 PM London time, followed by a Q&A session. A presentation of the results and company outlook will be available on Caledonia's website.
Investors can register for the webinar in advance through the provided Zoom link. The announcement includes contact details for various company representatives and financial PR firms in the UK, North America, and Zimbabwe, as well as information about the company's joint brokers and VFEX sponsor.
Caledonia Mining Plc (NYSE AMERICAN, AIM and VFEX: CMCL) has published its 2023 ESG Report, aligning with GRI and SASB standards for the first time. Key highlights include:
- 14% reduction in Scope 1 and 2 greenhouse gas emissions
- 62% reduction in diesel used in generators
- 18% of total water consumption from recycled water
- Total Injury frequency rate (TIFR) of 0.96
- 100% local employment at Blanket Mine and 92% local suppliers
- US$1.5m spent on corporate social responsibility
- US$19.2m total payments to Government
- 11% female representation on Board of Directors (increased to 25% in 2024)
- 33% female representation among senior corporate management
CEO Mark Learmonth emphasized the company's commitment to responsible operations and sustainable practices in Zimbabwe, highlighting the appointment of Colleen Parkins as Head of ESG and the installation of a 12.2 MWac solar plant.
Caledonia Mining Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announced on July 25, 2024, that it received a notification from BlackRock, Inc. regarding a relevant change in shareholding. As of July 23, 2024, BlackRock's total position in Caledonia increased to 5.01% of voting rights, crossing a notification threshold.
The breakdown of BlackRock's position includes 4.53% of voting rights attached to shares (870,326 shares) and 0.47% through financial instruments (92,029 voting rights via CFDs). This change represents a slight increase from their previous position of 4.97%.
Caledonia Mining Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announced a significant change in shareholding. On July 16, 2024, BlackRock, Inc. crossed a notification threshold, holding 5.01% of Caledonia's voting rights as of that date. The breakdown shows 4.53% direct voting rights and 0.47% through financial instruments, totaling 962,139 voting rights. This represents an increase from previous holdings of 4.67%.
The notification was filed on July 17, 2024, as required by the AIM Rules for Companies. The voting rights are held through various BlackRock entities, including BlackRock Fund Advisors, which alone holds 3.02%.
Caledonia Mining Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announced that on July 10, 2024, Allan Gray Proprietary confirmed holding 1,343,747 shares. This represents 7.00% of Caledonia's issued share capital, marking a relevant change under AIM Rules for Companies. Allan Gray's interest is through its investment funds: Allan Gray Africa Equity Fund and Allan Gray Africa Ex SA Equity Fund This update reflects a change from their previously disclosed shareholding.
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