Caledonia Mining

Caledonia Mining Corp. Plc engages in the mining, exploration, and development of mines. It operates through the following geographic segments: Zimbabwe; South Africa; and Corporate and Other. The Zimbabwe segment includes Caledonia Holdings Zimbabwe Limited and subsidiaries, and Caledonia Mining Services (Private) Limited. The South Africa segment comprise of sales made by Caledonia Mining South Africa Proprietary Limited to the Blanket Mine. The company was founded on February 5, 1992 and is headquartered in St. Helier, Jersey.

Earnings data Q4 2020

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Caledonia Mining excels in Q2 2024 with increased production and profitability

Caledonia Mining's Q2 2024 earnings call highlighted a strong financial performance, with increased production, revenue, and profitability. The company showcased operational efficiency through cost reductions and strategic focus on growth initiatives. While facing challenges like foreign exchange losses and production risks, Caledonia Mining is well-positioned to capitalize on opportunities for extended mine life and continued growth.

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Caledonia Mining Corp. Plc engages in the exploration, development, and production of gold and other precious metals from its mineral properties. Its projects include Blanket Gold Mine and Maligreen. The company was founded on February 5, 1992 and is headquartered in St. Helier, Jersey.

Caledonia Mining has its price target tweaked higher by broker Liberum, which said it now expects the Bilboes project in Zimbabwe to be developed in stages rather than in one go. Bilboes can quadruple Caledonia's annual production to around 220,000 oz a year of gold at one stoke, suggests the broker based on a feasibility study carried out for the vendors, The project already has an existing heap leach facility that historically produced up to 20,000 oz/year and Caledonia anticipates recovering gold from March, with production this year guided to be 12.5-17,000oz.

Caledonia Mining has nabbed precious asset in Bilboes, suggests Liberum

(Kitco News) - Caledonia Mining announced today that the total updated measured and indicated mineral resources estimate at its Blanket gold mine in Zimbabwe, inclusive of mineral reserves, has increased by 52% to 1,095,000 ounces of gold.

Caledonia Mining increases M&I resources by 52% at its Blanket gold mine in Zimbabwe

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) has boosted the gold resource base at its 64 per cent-owned the Blanket mine in Zimbabwe. The total measured and indicated resources estimate at Blanket, inclusive of reserves, has increased by 52% 1.095mln ounces of gold.

Caledonia boosts resource base at Blanket gold mine

ST HELIER, Jersey, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (“Caledonia” or the “Company”) (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) is pleased to announce an update to the NI 43-101 compliant Mineral Resources and Reserves estimates at its 64 per cent owned subsidiary, the Blanket Mine in Zimbabwe (“Blanket”)1. The total Measured and Indicated Mineral Resources estimate (“M&I”) at Blanket, inclusive of Mineral Reserves, has increased by fifty-two percent to 1,095,000 ounces of gold and the total Mineral Reserves estimate at Blanket has increased by one percent to 395,000 ounces of gold, in each case as compared to the adjusted figures explained further below2.

Caledonia Mining Corporation Plc: Mineral Resources and Reserves Update at the Blanket Mine

(Kitco News) - Zimbabwe-focused gold mining company Caledonia Mining (NYSE: CMCL) today announced record production of 80,775 ounces of gold in 2022 which exceeded the top end of the company's guidance and achieved its long-standing production target.

Caledonia Mining reports record 2022 gold production, exceeds guidance

Caledonia Mining notched up record production in 2002 and said it expects the current year to be even better as a new heap leach project, Bilboes, starts to contribute. Gold produced over the year at the Blanket mine in Zimbabwe hit 80,775 ounces, up 20% and ahead of guidance, with the fourth quarter also seeing a record at 21,000oz.

Caledonia Mining beats guidance after another record quarter

ST HELIER, Jersey, Jan. 13, 2023 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (“Caledonia” or the “Company”) (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announces quarterly and annual production from the Blanket Mine in Zimbabwe (“Blanket”) for the quarter and year ended December 31, 2022. The Company also provides guidance for the year to 31 December 2023 in respect of production, on-mine costs and capital expenditure at Blanket and at the Bilboes oxides project. All production numbers for 2022 are expressed on a 100 per cent basis and are based on final assays from the refiner.

Caledonia Mining Corporation Plc Record Annual Production at Blanket Mine and Guidance for 2023

(Kitco News) - Caledonia Mining (NYSE: CMCL) today announced that it has completed the acquisition of the Bilboes gold project in Zimbabwe.

Caledonia Mining completes acquisition of multi-million ounce Bilboes gold project in Zimbabwe

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) said it has completed the acquisition of Bilboes Gold Limited, the parent company which owns, through a subsidiary, the Bilboes gold project in Zimbabwe. Commenting on the news in a statement, Mark Learmonth, the company's chief executive officer, said: "Completion of the Transaction is the cornerstone in Caledonia's strategy to create a mid-tier, multi-asset gold producer focussed on Zimbabwe.

Caledonia Mining completes acquisition of Bilboes Gold Limited, which owns the Bilboes gold project in Zimbabwe

ST HELIER, Jersey, Jan. 06, 2023 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (“Caledonia” or the “Company”) (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) is pleased to announce that, following the satisfaction of conditions precedent, it has today completed the acquisition of Bilboes Gold Limited, the parent company which owns, through its Zimbabwe subsidiary, Bilboes Holdings (Private) Limited (“Bilboes Holdings”), the Bilboes gold project in Zimbabwe (“Bilboes” or the “Project”). Please refer to Caledonia's announcement on July, 21 2022 for further details of the Project and the Transaction.

Caledonia Mining Corporation Plc: Completion of the acquisition of the Bilboes gold project in Zimbabwe and appointment of Executive Director

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) has announced it will pay a quarterly dividend of 14 American cents per share, to be paid on 27 January 2023. The gold miner, in a brief statement, noted that the ex-div date will be 11 January and the record date will be 13 January.

Caledonia Mining confirms next dividend as gold miner closes out 2022

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ST HELIER, Jersey, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (“Caledonia” or the “Company”) (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) is pleased to announce that a new corporate video is available on the Company website.

Caledonia Mining Corporation Plc: Corporate Videos

Medium-sized African gold miners are still a favourite theme for broker Liberum with Caledonia and Shanta as two of its top picks. Caledonia Mining celebrated yet another quarterly production record in its third quarter and believes annual 2022 at the Blanket mine in Zimbabwe will be at the top end of its guidance range of 73-80,000 ounces.

Caledonia Mining and Shanta Gold still in favour with Liberum

(Kitco News) - The solar power will displace more expensive power from the grid and from the diesel generators and is expected to reduce Caledonia's consolidated cost per ounce of gold.

Caledonia Mining connects solar plant to the Blanket gold mine in Zimbabwe

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) has brought its new solar power plant at its Blanket mine in Zimbabwe on stream. Blanket currently receives its power from ZESA, Zimbabwe's national electricity supplier.

Caledonia Mining brings new solar power generation capability on stream at the Blanket gold mine

ST HELIER, Jersey, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) (“Caledonia” or the “Company”) is pleased to announce that the new solar plant at Blanket Mine ("Blanket") will today start to generate power.

Caledonia Mining Corporation Plc: Solar Plant Provides Power to Blanket Mine

Caledonia Mining's revenues rose by 21% in the latest quarter as production from its Blanket gold mine hit another new record. The Zimbabwe-focused miner says production this year is on course to hit the top end of its 73-80,000oz guidance after output rose 11% to 21,200oz in the three months to end-September.

Caledonia Mining hails 'outstanding year' so far

ST HELIER, Jersey, Nov. 10, 2022 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or the "Company") announces its operating and financial results for the quarter and the nine months ended September 30, 2022 (the "Quarter" and "Nine Months" respectively).  Further information on the financial and operating results for the Quarter and Nine Months can be found in the management discussion and analysis ("MD&A") and the unaudited financial statements, which are available on the Company's website and which have been filed on SEDAR.

Caledonia Mining Corporation Plc Results for the quarter and nine months ended September 30, 2022

Caledonia Mining's 100% owned Maligreen project now has over half its resources in the measured and indicated category following a new upgrade. But Maligreen is looking less significant compared to Bilboes and Motapa, also in Zimbabwe, which have the potential to be transformative for the gold miner, according to Liberum.

Caledonia Mining upgrades Maligreen, broker keeps buy rating

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) has released an updated mineral resource for the Maligreen gold project in Zimbabwe. The measured and indicated resource now stands at 8.03mln tonnes of ore grading 1.17 grams per tonne gold for 442,000 ounces of gold, while the inferred resource stands at 6.17mln tonnes grading 2.12 grams per tonne for 420,000 ounces.

Caledonia Mining boosts gold resource at Maligreen

ST HELIER, Jersey, Nov. 07, 2022 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (“Caledonia” or the “Company”) (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) is pleased to announce an update to the NI 43-101 compliant Mineral Resources statement at the Company's 100% owned Maligreen project in the Zimbabwe Midlands (“Maligreen”) and the publishing of an updated technical report with an effective date of September 30, 2022 (the “2022 Technical Report”)1. The 2022 Technical Report replaces the previous technical report filed on SEDAR in November 2021 as the current technical report for the Maligreen project. Since Caledonia acquired the Maligreen claims in November 2021 it has been focused on reviewing the geological work conducted at the property with a view to upgrading the Mineral Resources in 2022.

Caledonia Mining Corporation Plc: Updated Mineral Resources and Technical Report for Maligreen

Analysts at Liberum Capital repeated a 'buy' rating and 1,319p price target on Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) following news the firm has purchased the highly prospective Motapa gold exploration project in Zimbabwe for an undisclosed price. The analysts noted that Motapa is considered by Caledonia as being "strategically important to the company's growth ambitions, given its potential scale and its location immediately adjacent to the potentially transformative Bilboes project", which Caledonia conditionally agreed to acquire in July 2022.

Caledonia Mining reiterated at 'buy' by Liberum after Motapa acquisition

Caledonia Mining Corporation has bought Motapa Mining, which holds a registered mining lease over exploration property in Southern Zimbabwe adjacent to the Bilboes gold project, which it is in the process of acquiring. No price was disclosed but it was below the regulatory disclosure threshold, Caledonia said.

Caledonia Mining buys asset next to Bilboes in Zimbabwe

ST HELIER, Jersey, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (“Caledonia” or the “Company”) (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) is pleased to announce that it has purchased Motapa Mining Company UK Limited, the parent company of a Zimbabwe subsidiary which holds a registered mining lease over the Motapa gold exploration property in Southern Zimbabwe (“Motapa” or the “Project”). The Company has made the purchase from Bulawayo Mining Company Limited, a privately owned UK company. The purchase price is undisclosed but is below the regulatory disclosure threshold.

News for Caledonia Mining Stock (CMCL)