Caledonia Mining Corporation Plc (CMCL)
Caledonia Mining eyes further efficiency, gold production is on target - ICYMI
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) earlier this week provided an overview of its third-quarter performance and strategic initiatives. Chief executive Mark Learmonth highlighted that production was steady at 19,000oz, aligning with annual targets.
Caledonia Mining turns attention towards Bilboes as key months approach
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) plan for its Bilboes project in Zimbabwe is starting to shape up after some early road bumps. The project is a key plank in a strategy to add another leg to the business and lift the load a little from its stalwart mine performer Blanket.
Caledonia Mining Corporation Plc (CMCL) Q3 2024 Earnings Call Transcript
Caledonia Mining Corporation Plc (NYSE:CMCL ) Q3 2024 Earnings Conference Call November 11, 2024 9:00 AM ET Company Participants Mark Learmonth - Chief Executive Officer James Mufara - Chief Operating Officer Chester Goodburn - Chief Financial Officer Craig Harvey - Vice President Technical Services Camilla Horsfall - Vice President, Group Communications Victor Gapare - Executive Director Conference Call Participants Mark Learmonth Okay, ladies and gentlemen, welcome. Good afternoon.
Caledonia Mining update points to growth potential, says broker
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) exploration update from its Motapa project in Zimbabwe is encouraging says house broker Panmure Liberum, especially with it earmarked to play a key part in the miner's growth prospects. Motapa is immediately adjacent to the Bilboes project with historical open pits on Motapa North just a few hundred metres from the planned sulphide process plant.
Caledonia Mining encouraged by Motapa exploration, Blanket production on track
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) said recent exploration at Motapa, acquired in November 2022 and directly adjacent to the Bilboes project in southern Zimbabwe, had shown ‘highly encouraging sulphide zone mineralisation in the historic open pits. In addition, drilling in new target areas also returned promising results both in shallower oxide and deeper sulphide zones.
Caledonia Mining recovery underlined by latest update, broker says
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) stayed a 'buy' for its house broker Panmure Liberum after it reiterated production this year from the Blanket gold mine would hit between 74-78,000oz. Third quarter output on a 100% basis (Caledonia owns 64%) was around 19,000oz.
Caledonia Mining on course for 2024 production target
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) maintained its forecast for gold production even though production from the Blanket gold mine in Zimbabwe eased slightly in the third quarter. Quarterly gold production from Blanket in the three months to the end of September 2024 was 18,992 ounces gross against a record 21,772 ounces in the comparable quarter.
Caledonia Mining solar sale prompts target price lift
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) conditional sale of its 100%-owned 12.2MWac solar plant to CrossBoundary Energy (CBE) for a US$8.1m profit on construction cost frees up cash for potentially higher return investments, says broker Panmure Liberum. Completion of the sale will take a few months but, importantly, the plant will continue to supply Caledonia's 64%-owned Blanket mine under an exclusive power purchase agreement.
Caledonia Mining offloads Zimbabwe solar plant for profit
Caledonia Mining Corporation PLC has announced the sale of a solar plant in Zimbabwe for US$22.35 million (£16.72 million). CrossBoundary Energy Holdings (CBE) will take over subsidiary Caledonia Mining Services Ltd, which operates the 12.2 megawatt plant, the company said Tuesday.
Caledonia Mining: Strong Upside Remains In This Cheap Gold Miner
We rated Caledonia Mining Corporation Plc a strong buy in March 2023 due to its growing production and keen valuation. Despite a negative 4% return since March, recent strong share-price action post-Q2 earnings report suggests potential for a breakout. Long consolidation periods often lead to aggressive breakouts or breakdowns; we believe a multi-year breakout is still possible.
Caledonia Mining Corporation Plc (CMCL) Q2 2024 Earnings Call Transcript
Caledonia Mining Corporation Plc (NYSE:CMCL ) Q2 2024 Earnings Conference Call August 12, 2024 9:00 AM ET Company Participants Camilla Horsfall - Vice President, Group Communications Mark Learmonth - Chief Executive Officer Chester Goodburn - Chief Financial Officer Victor Gapare - Executive Director Conference Call Participants Camilla Horsfall [Call starts abruptly] Yes, we are starting. Mark Learmonth Yes.
Caledonia Mining rebound ahead of forecasts, says broker
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) first-half numbers were strong and ahead of forecasts, says Panmure Liberum, reflecting a good production period at the 64%-owned Blanket mine in Zimbabwe. Meanwhile, Caledonia is now expecting to deliver the new feasibility study on the Bilboes Sulphide project in the first quarter of 2025, something that can be transformational for the group.
