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 Q1 2021

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Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Caledonia Mining reports stable Q3 performance amidst strategic growth plans

Caledonia Mining's Q3 2024 performance was steady, with a focus on operational efficiency and strategic growth. Despite challenges in costs and currency, the company is actively pursuing opportunities for expansion and cost management.

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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.

ST HELIER, Jersey, April 10, 2024 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("the Company" or "Caledonia") (NYSE AMERICAN, AIM and VFEX: CMCL) announces that following the vesting of long-term incentive plan awards (“LTIPs”) on April 2, 2024, which were awarded under the Company's 2015 Omnibus Equity Incentive Compensation Plan (the "Plan"), a total of 335 common shares of no par value in the Company are being issued to members of staff within the Company's group (none of whom are "Persons Discharging Managerial Responsibility" ("PDMRs") within the meaning of the Market Abuse Regulation (EU) No. 596/2014), including in the form of Zimbabwe depositary receipts in respect of such shares, on or about April 12, 2024.

Caledonia Mining Corporation Plc: Issue of Securities Pursuant to Long Term Incentive Plan Awards and Issue of New Long Term Incentive Plan Awards

ST HELIER, Jersey, April 10, 2024 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or "the Company") (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announces that it received notification on April 9, 2024 from BlackRock, Inc. that on April 8, 2024 it had crossed a threshold for notification of a relevant change (as defined by the AIM Rules for Companies).

Caledonia Mining Corporation Plc Notification of relevant change to significant shareholder

ST HELIER, Jersey, April 10, 2024 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or "the Company") (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announces gold production from the Blanket Mine in Zimbabwe ("Blanket") for the quarter ended March 31, 2024 ("Q1 2024" or "the Quarter"). All production numbers are expressed on a 100 per cent basis and are based on the final assay at the refiners.

Caledonia Mining Corporation Plc Blanket Mine Q1 2024 Production

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) has appointed James Mufara, the industry veteran, as its chief operating officer. Mufara will join on May 1, having previously worked at Harmony Gold (NYSE:HMY) Mining, where he was regional general manager.

Caledonia Mining appoints indusrty veteran as chief operating officer

ST HELIER, Jersey, April 08, 2024 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or the "Company") (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) is pleased to announce that James Mufara (aged 49) has agreed to join the Caledonia group as Chief Operating Officer with effect from May 1, 2024. James was previously at Harmony Gold Mining Company Limited where, as Regional General Manager, he headed a complex portfolio of operations consisting of five mines and 15,000 staff, mining 450koz of gold per annum.

Caledonia Mining Corporation Plc: Appointment of Chief Operating Officer

Caledonia Mining Corporation Plc (NYSE:CMCL ) Q4 2023 Earnings Conference Call April 3, 2024 9:00 AM ET Company Participants Camilla Horsfall - VP, Group Communications Mark Learmonth - CEO Chester Goodburn - CFO Camilla Horsfall We're going to run through the presentation as always, and we will leave time for questions at the end. What we do ask though is if you do have a question, if you could just raise your hand and we will unmute you.

Caledonia Mining Corporation Plc (CMCL) Q4 2023 Earnings Call Transcript

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) declared a quarterly dividend of US$0.14 per share as it reported a robust performance of Zimbabwe's Blanket mine in 2023, with cash flows improving in the second half. The dividend was kept the same level as the prior year even though, as revealed in a trading update at the start of this month, production was in line with expectations but one-off costs took the edge off profits.

Caledonia Mining keeps dividend flat as sign of confidence in Blanket mine

ST HELIER, Jersey, March 28, 2024 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or the "Company") (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announces its operating and financial results for the year ended December 31, 2023 (the "Year"). Further information on the financial and operating results for the Year and the quarter ended December 31, 2023 (the "Quarter" or "Q4") can be found in the Management Discussion and Analysis ("MD&A"), and the audited financial statements, which are available on the Company's website and which are being filed on SEDAR.

Caledonia Mining Corporation Plc Results for the Year ended December 31, 2023; Notice of Management Conference Call; Dividend Declaration

ST HELIER, Jersey, March 27, 2024 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (the "Company") (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announces that documents comprising a notice of annual general meeting of shareholders (the “AGM”) and a management information circular – solicitation of proxies together with a proxy form are now available at:

Caledonia Mining Corporation Plc: Notice of Availability of AGM Materials

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) has appointed Tariro Gadzikwa as a new independent director. At the same time, Steve Curtis, former CEO, is stepping down for the non-executive role he has held since June 2022.

Caledonia Mining's former CEO steps down as non-exec as new director is appointed

ST HELIER, Jersey, March 18, 2024 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or the "Company") (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) is pleased to announce that Tariro Gadzikwa has joined Caledonia's Board of Directors as an Independent Non-Executive Director with effect from March 15, 2024.

Caledonia Mining Corporation Plc: Non-Executive Director Changes

Caledonia Mining's comment that production and costs at the 64%-owned Blanket mine for 2024 to date have been consistent with guidance provides some reassurance in the profit warning, notes house broker Liberum. Zimbabwe-focused Caledonia has already guided this year to production of 74-78,000oz (100% basis) atUS$870-970/oz on-mine cost and US$1,370-1,470/oz AISC.

Caledonia Mining reiterating 2024 guidance reassuring, says broker

Caledonia Mining warned that one-off costs will mean a reduction in profits this year even with a strong production performance from its Blanket gold mine in Zimbabwe. Full-year production for 2023 was 75,416 ounces of gold with revenues in line with expectations, but increased costs and several significant one-off charges in the final quarter of the year have resulted in lower profits, said the statement.

Caledonia Mining profits hit by one-off costs

ST HELIER, Jersey, March 04, 2024 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (“Caledonia” or “the Company”) provides the following trading update for the year ended December 31, 2023. Caledonia reports that Blanket Mine has continued to perform well since the end of the quarter ended September 30, 2023 with full year production for 2023 of 75,416 ounces.

Caledonia Mining Corporation Plc Trading update for the year ended December 31, 2023

Caledonia Mining Corporation receives a Buy rating due to improving gold price outlook and the company's cost-cutting initiatives. CMCL stock price appears well-positioned for a strong rebound from current levels, which are close to the oversold level at the bottom of the stock price cycle. The company's strong financial position, dividend payments, and growth prospects make it an attractive investment option.

Caledonia Mining: Potential Strong Upside From A Low Stock Price

Caledonia Mining's update from the deep-level drilling programme at its Blanket Mine was encouraging says broker Cavendish with grades and widths generally better than expected. As a result, the overall resource should increase and so lead to an extension of the mine life.

Caledonia Mining drilling at Blanket can add over four years to mine life, suggests house

Caledonia Mining said the life of its Blanket Mine in Zimbabwe will likely be extended after recent in-fill deep drilling produced better than expected grades and widths. Gold grades from around 1,000m below the surface at the Blanket and Eroica ore bodies ranged between 3.62 g/t to 8.8g/t over widths of 4-16 m.

Caledonia Mining eyes Blanket extension after drilling beats expectations

Better than expected grades and widths from deep level drilling anticipated to support increased overall resource at Blanket Better than expected grades and widths from deep level drilling anticipated to support increased overall resource at Blanket

Caledonia Mining Corporation Plc: Encouraging results from deep level drilling at Blanket Mine

Gold miners should outperform the bullion price this year according to analysts at Liberum spurred by an outbreak of mergers and acquisitions across the sector. Liberum has upgraded both Endeavour Mining and Centamin to buy, from sell and hold respectively, thought its favourite remains UK-listed house stock Caledonia.

Gold miners to outperform bullion as bid activity ramps up, predicts broker

Caledonia Mining made a good comeback in the second half of the year to produce 75,416oz gold at Blanket in 2023, says broker Cavendish. Fourth quarter production from Blanket was 20,172oz.

Caledonia Mining stages 'good comeback' in second half, says broker

Caledonia Mining Corporation expects stable gold output in calendar 2024 with guidance for 74-78,000 oz production from the Blanket mine in Zimbabwe. Production in 2023 was in line with guidance at around 75,100oz following the completion of a new central shaft at Blanket.

Caledonia Mining predicts stable production over next twelve months

ST HELIER, Jersey, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("the Company" or "Caledonia") (NYSE AMERICAN, AIM and VFEX: CMCL) announces that following the vesting of long-term incentive plan awards on January 11, 2024, which were awarded under the 2015 Omnibus Equity Incentive Compensation Plan of the Company, a total of 6,452 common shares of no par value in the Company are being issued to members of staff within the Company's group (none of whom are "Persons Discharging Managerial Responsibility" within the meaning of the Market Abuse Regulation (EU) No. 596/2014), including in the form of Zimbabwe depositary receipts in respect of such shares, on or about January 16, 2024.

Caledonia Mining Corporation Plc: Issue of Securities Pursuant to Long Term Incentive Plan Awards

ST HELIER, Jersey, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or the "Company") (NYSE AMERICAN, AIM and VFEX: CMCL) announces Blanket Mine ("Blanket") production for the quarter and year ended December 31, 2023.  The Company also provides guidance for the year to December 31, 2024 in respect of production, costs and capital expenditure.

Caledonia Mining Corporation Plc: Blanket Mine Q4 and FY 2023 Production and 2024 Guidance

ST HELIER, Jersey, Jan. 02, 2024 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (“Caledonia” or the “Company”) (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) is pleased to announce that the board of directors of the Company (the “Board”) has declared a quarterly dividend of 14 United States cents (US$0.14) on each of the Company's shares.

Caledonia Mining Corporation Plc: Caledonia declares quarterly dividend

The following amendment has been made to the announcement titled “Results for the quarter and nine months ended September 30, 2023” that was released on November 14, 2023 at 07:00 under RNS Number 3053T.

News for Caledonia Mining Stock (CMCL)