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Caledonia Mining Corporation Plc (CMCL)

NYSE American - NYSE American Delayed Price. Currency in USD
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18.45+0.21 (+1.15%)
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Neutralpattern detected
Previous Close18.24
Open18.46
Bid0.00 x 900
Ask0.00 x 1000
Day's Range18.15 - 19.25
52 Week Range6.51 - 29.39
Volume73,723
Avg. Volume121,212
Market Cap223.592M
Beta (5Y Monthly)1.11
PE Ratio (TTM)9.46
EPS (TTM)1.95
Earnings DateMay 12, 2020
Forward Dividend & Yield0.40 (2.19%)
Ex-Dividend DateOct 15, 2020
1y Target EstN/A
  • GlobeNewswire

    Caledonia Mining Corporation Plc: Notification of relevant change to significant shareholder

    ST HELIER, Jersey, Oct. 15, 2020 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (“Caledonia” or the “Company”) (NYSE AMERICAN: CMCL; AIM: CMCL) announces that it received notification on October 14, 2020, from BlackRock, Inc., which is a “significant shareholder” of the Company as defined by the AIM Rules for Companies, that it has slightly decreased its interest in the Company and on October 13, 2020 crossed a particular threshold for notification of its holdings in the Company. A copy of the notification is below. TR-1: Standard form for notification of major holdingsNOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i   1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:Caledonia Mining Corporation Plc 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) Non-UK issuerX 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) An acquisition or disposal of voting rightsX An acquisition or disposal of financial instruments  An event changing the breakdown of voting rights  Other (please specify)iii:  3\. Details of person subject to the notification obligationiv NameBlackRock, Inc. City and country of registered office (if applicable)Wilmington, DE, USA 4\. Full name of shareholder(s) (if different from 3.)v Name  City and country of registered office (if applicable)  5\. Date on which the threshold was crossed or reachedvi:13/10/2020 6\. Date on which issuer notified (DD/MM/YYYY):14/10/2020 7. Total positions of person(s) subject to the notification obligation  % of voting rights attached to shares (total of 8. A)% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)Total of both in % (8.A + 8.B)Total number of voting rights of issuervii Resulting situation on the date on which threshold was crossed or reached4.80%0.64%5.45%12,118,823 Position of previous notification (if applicable)5.00%0.40%5.40%  8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii A: Voting rights attached to shares Class/type of shares ISIN code (if possible) Number of voting rightsix% of voting rights Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) JE00BF0XVB15 582,346 4.80%             SUBTOTAL 8\. A582,3464.80%   B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) Type of financial instrumentExpiration datexExercise/ Conversion PeriodxiNumber of voting rights that may be acquired if the instrument is exercised/converted.% of voting rights Securities Lending  45,5000.37%               SUBTOTAL 8. B 145,5000.37%   B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) Type of financial instrumentExpiration datexExercise/ Conversion Period xiPhysical or cash settlementxiiNumber of voting rights % of voting rights CFD  Cash32,9010.27%                  SUBTOTAL 8.B.232,9010.27%   9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”) Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii  Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)X Namexv% of voting rights if it equals or is higher than the notifiable threshold% of voting rights through financial instruments if it equals or is higher than the notifiable thresholdTotal of both if it equals or is higher than the notifiable threshold See Attachment      10\. In case of proxy voting, please identify: Name of the proxy holder  The number and % of voting rights held  The date until which the voting rights will be held    11. Additional informationxvi BlackRock Regulatory Threshold Reporting Team Jana Blumenstein 020 7743 3650 Place of completion12 Throgmorton Avenue, London, EC2N 2DL, U.K. Date of completion14 October, 2020 Section 9 AttachmentNamexv% of voting rights if it equals or is higher than the notifiable threshold% of voting rights through financial instruments if it equals or is higher than the notifiable thresholdTotal of both if it equals or is higher than the notifiable threshold BlackRock, Inc.    Trident Merger, LLC    BlackRock Investment Management, LLC         BlackRock, Inc.    BlackRock Holdco 2, Inc.    BlackRock Financial Management, Inc.    BlackRock Holdco 4, LLC    BlackRock Holdco 6, LLC    BlackRock Delaware Holdings Inc.    BlackRock Institutional Trust Company, National Association         BlackRock, Inc.    BlackRock Holdco 2, Inc.    BlackRock Financial Management, Inc.    BlackRock Capital Holdings, Inc.    BlackRock Advisors, LLC         BlackRock, Inc.    BlackRock Holdco 2, Inc.    BlackRock Financial Management, Inc.    BlackRock Holdco 4, LLC    BlackRock Holdco 6, LLC    BlackRock Delaware Holdings Inc.    BlackRock Fund Advisors         BlackRock, Inc.    BlackRock Holdco 2, Inc.    BlackRock Financial Management, Inc.         BlackRock, Inc.    BlackRock Holdco 2, Inc.    BlackRock Financial Management, Inc.    BlackRock International Holdings, Inc.    BR Jersey International Holdings L.P.    BlackRock (Singapore) Holdco Pte. Ltd.    BlackRock HK Holdco Limited    BlackRock Lux Finco S.a.r.l.    BlackRock Japan Holdings GK    BlackRock Japan Co., Ltd.         BlackRock, Inc.    BlackRock Holdco 2, Inc.    BlackRock Financial Management, Inc.    BlackRock International Holdings, Inc.    BR Jersey International Holdings L.P.    BlackRock Holdco 3, LLC    BlackRock Canada Holdings LP    BlackRock Canada Holdings ULC    BlackRock Asset Management Canada Limited         For further information please contact:Caledonia Mining Corporation Plc Mark Learmonth Camilla Horsfall Tel: +44 1534 679 802 Tel: +44 7817 841793    WH Ireland Adrian Hadden/James Sinclair-Ford Tel: +44 20 7220 1751    Blytheweigh Tim Blythe/Megan Ray   3PPB Patrick Chidley Paul Durham Tel: +44 207 138 3204 Tel: +1 917 991 7701 Tel: +1 203 940 2538

  • GlobeNewswire

    Caledonia Mining Corporation Plc: Solar power project update

    ST HELIER, Jersey, Oct. 07, 2020 (GLOBE NEWSWIRE) -- Further to the announcement on September 4, 2020 regarding Caledonia Mining Corporation Plc (NYSE American: CMCL; AIM: CMCL) (the “Company” or “Caledonia”) raising the required funds to invest in the construction of a solar power plant to supply electricity to the Blanket Mine in Zimbabwe, Caledonia is pleased to now announce that it has appointed Voltalia as the contractor for the project.   Voltalia is an international renewable energy provider and is listed on the regulated market of Euronext Paris. It has considerable experience in the delivery of renewable energy projects including the development, construction, operation and maintenance of solar power plants. Voltalia is already active notably in Burundi, Malawi and South Africa. Caledonia looks forward to working closely with Voltalia to deliver a successful project at the Blanket Mine which, on completion, is expected to provide approximately 27% of the mine’s total electricity demand. This will significantly reduce the risk to the mine of any further deterioration in the quality of grid power which would necessitate increased use of diesel generators (which are substantially more expensive than grid power). The plant will also reduce Blanket Mine’s environmental footprint.Caledonia and Voltalia have agreed an initial design phase for the project after which, subject to the conclusion of an Engineering, Procurement and Construction (EPC) contract, procurement and construction are expected to begin with current indicated commissioning for the 12MW solar plant in the last quarter of 2021.As previously announced, Caledonia raised the funds required to construct the plant by way of an at the market sales process on NYSE American conducted by Cantor Fitzgerald & Co on its behalf. Pursuant to the process, the Company issued 597,963 shares, representing considerably fewer issued shares than the expected 800,000 that it had initially applied to list.The project is primarily intended to protect the Blanket Mine from any further deterioration in the electricity supply situation. Whilst the project is therefore being done for largely defensive reasons, it is expected to yield a modest return to shareholders after taking account of the dilutive effect of the equity issued to fund it.For further information please contact:Caledonia Mining Corporation Plc Mark Learmonth Camilla Horsfall Tel: +44 1534 679 802 Tel: +44 7817 841793 WH Ireland Adrian Hadden/James Sinclair-Ford Tel: +44 20 7220 1751 Blytheweigh Tim Blythe/Megan Ray   3PPB Patrick Chidley Paul Durham Tel: +44 207 138 3204 Tel: +1 917 991 7701 Tel: +1 203 940 2538 Note: This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation (EU) No. 596/2014.Cautionary Note Concerning Forward-Looking InformationInformation and statements contained in this news release that are not historical facts are “forward-looking information”, “financial outlooks” or “future oriented financial information” (collectively, “forward-looking information”) within the meaning of applicable securities legislation that involve risks and uncertainties relating, but not limited to Caledonia’s current expectations, intentions, plans, and beliefs. Forward-looking information can often be identified by forward-looking words such as “anticipate”, “believe”, “expect”, “goal”, “plan”, “target”, “intend”, “estimate”, “could”, “should”, “may” and “will” or the negative of these terms or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Examples of forward-looking information in this news release include: production guidance, estimates of future/targeted production rates, and our plans and timing regarding further exploration and drilling and development, construction plans, financial and shareholders returns on investment in construction projects and electricity production/supply to the mine. This forward-looking information is based, in part, on assumptions and factors that may change or prove to be incorrect, thus causing actual results, performance or achievements to be materially different from those expressed or implied by forward-looking information. Such factors and assumptions include, but are not limited to: failure to establish estimated resources and reserves, the grade and recovery of ore which is mined varying from estimates, success of future exploration and drilling programs, reliability of drilling, sampling and assay data, assumptions regarding the representativeness of mineralization being inaccurate, success of planned metallurgical test-work, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, the completion of construction projects, the proposed benefits from construction projects and other factors.To the extent any forward-looking information herein constitutes a financial outlook or future oriented financial information, any such statement is made as of the date hereof and included herein to provide prospective investors with an understanding of the Company’s construction plans and assumptions. Security holders, potential security holders and other prospective investors are cautioned that such information may not be appropriate for other purposes and should be aware that these statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. Such factors include, but are not limited to: risks relating to estimates of mineral reserves and mineral resources proving to be inaccurate, fluctuations in gold price, risks and hazards associated with the business of mineral exploration, development and mining, risks relating to the credit worthiness or financial condition of suppliers, refiners, contractors and other parties with whom the Company does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards, employee relations; relationships with and claims by local communities and indigenous populations; political risk; risks related to natural disasters, terrorism, civil unrest, public health concerns (including health epidemics or outbreaks of communicable diseases such as the coronavirus (COVID-19)); availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining or maintaining necessary licenses and permits, diminishing quantities or grades of mineral reserves as mining occurs; global financial condition, the actual results of current exploration activities, changes to conclusions of economic evaluations, and changes in project parameters to deal with unanticipated economic or other factors, risks of increased capital and operating costs, environmental, safety or regulatory risks, expropriation, the Company’s title to properties including ownership thereof, increased competition in the mining industry for properties, equipment, qualified personnel and their costs, risks relating to the uncertainty of timing of events including targeted production rate increase, construction activity and currency fluctuations. Security holders, potential security holders and other prospective investors are cautioned that the assumptions used in the preparation of such forward-looking information, although considered reasonable at the time of preparation, may prove to be imprecise and, accordingly, they should not to place undue reliance on such forward-looking information. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Caledonia undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

  • GlobeNewswire

    Caledonia reaches agreement with the Government of Zimbabwe to review potential investment opportunities

    ST HELIER, Jersey, Oct. 06, 2020 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (the “Company” or “Caledonia”) (NYSE American: CMCL; AIM: CMCL) is pleased to announce that it has signed an agreement (the “agreement”) with the Government of the Republic of Zimbabwe (the “Government”) under which Caledonia will evaluate mining rights, properties and/or projects in the gold sector that are controlled by the Government with a view to assessing the potential to advance development on these properties or projects. Caledonia believes Zimbabwe is a highly prospective region for gold discoveries. Caledonia has assessed and continues to assess investment opportunities in the Zimbabwe gold sector that are privately owned. However, the Government of Zimbabwe has a considerable portfolio of assets in the gold sector that are potentially very attractive and Caledonia and the Government have therefore entered into an agreement whereby Caledonia is provided an opportunity to review this portfolio to determine whether they may be commercially developed for mutual benefit.Commenting on this agreement, Steve Curtis, Chief Executive Officer said:“I am delighted we have reached this agreement which will give Caledonia access to a new and much increased number of potential investment opportunities in the Zimbabwe gold sector. Over the years of operating in Zimbabwe we have established a professional relationship with the appropriate bodies and have a strong performance, social and ethical record. We look forward to applying the same approach to any future opportunities in the country, developing the assets in the same responsible way we have done at Blanket, with any new developments including a local ownership structure and community engagement.”“The signing of this agreement is very timely: Blanket Mine, Caledonia’s current investment in Zimbabwe, is approaching the end of a multi-year, +$60 million investment in a new shaft. When this project is completed later this year, Blanket’s annual gold production is expected to increase from approximately 55,000 ounces to approximately 80,000 ounces per annum from 2022 onwards. The increased level of production, in conjunction with the higher gold price, means that we should have the financial capacity to consider further meaningful investments in the Zimbabwe gold sector.”The Hon. Winston Chitando, Minister for Mines and Mine Development, said:“Since Caledonia purchased Blanket Mine in 2006, it has increased production at Blanket from less than 20,000 ounces of gold per annum and is now poised to increase production to 80,000 ounces per annum. Blanket Mine has more than doubled its employment from less than 800 in 2006 to a current level of approximately 1,650; Blanket is also a major tax-payer in Zimbabwe and we expect this to increase substantially in the next few years. Caledonia is also an outstanding corporate citizen in Zimbabwe, having facilitated local ownership partnerships of Blanket Mine since 2012.  “I am therefore pleased that Caledonia will apply its experience, technical expertise and its financial capacity to evaluate the portfolio of gold assets that are held by the Government. I am confident that Caledonia will make an even larger contribution to the economy of Zimbabwe as a result of further investments in our gold industry.”   ___________ Mr Dana Roets (B Eng (Min.), MBA, Pr.Eng., FSAIMM, AMMSA), Chief Operating Officer, is the Company’s qualified person as defined by Canada’s National Instrument 43-101 and has approved any scientific or technical information contained in this news release.For further information please contact:Caledonia Mining Corporation Plc Mark Learmonth Camilla Horsfall Tel: +44 1534 679 802 Tel: +44 7817 841 793 WH Ireland Adrian Hadden/James Sinclair-Ford Tel: +44 20 7220 1751 Blytheweigh Tim Blythe/Megan Ray   Tel: +44 207 138 3204 Note: This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation (EU) No. 596/2014.Cautionary Note Concerning Forward-Looking Information Information and statements contained in this news release that are not historical facts are “forward-looking information” within the meaning of applicable securities legislation that involve risks and uncertainties relating, but not limited to Caledonia’s current expectations, intentions, plans, and beliefs. Forward-looking information can often be identified by forward-looking words such as “anticipate”, “believe”, “expect”, “goal”, “plan”, “target”, “intend”, “estimate”, “could”, “should”, “may” and “will” or the negative of these terms or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Examples of forward-looking information in this news release include: production guidance, estimates of future/targeted production rates, and our plans and timing regarding further exploration and drilling and development. This forward-looking information is based, in part, on assumptions and factors that may change or prove to be incorrect, thus causing actual results, performance or achievements to be materially different from those expressed or implied by forward-looking information. Such factors and assumptions include, but are not limited to: failure to establish estimated resources and reserves, the grade and recovery of ore which is mined varying from estimates, success of future exploration and drilling programs, reliability of drilling, sampling and assay data, assumptions regarding the representativeness of mineralization being inaccurate, success of planned metallurgical test-work, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and other factors.Security holders, potential security holders and other prospective investors should be aware that these statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. Such factors include, but are not limited to: risks relating to estimates of mineral reserves and mineral resources proving to be inaccurate, fluctuations in gold price, risks and hazards associated with the business of mineral exploration, development and mining, risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards, employee relations; relationships with and claims by local communities and indigenous populations; political risk; risks related to natural disasters, terrorism, civil unrest, public health concerns (including health epidemics or outbreaks of communicable diseases such as the coronavirus (COVID-19)); availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining or maintaining necessary licenses and permits, diminishing quantities or grades of mineral reserves as mining occurs; global financial condition, the actual results of current exploration activities, changes to conclusions of economic evaluations, and changes in project parameters to deal with unanticipated economic or other factors, risks of increased capital and operating costs, environmental, safety or regulatory risks, expropriation, the Company’s title to properties including ownership thereof, increased competition in the mining industry for properties, equipment, qualified personnel and their costs, risks relating to the uncertainty of timing of events including targeted production rate increase and currency fluctuations. Security holders, potential security holders and other prospective investors are cautioned not to place undue reliance on forward-looking information. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Caledonia undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law.