Caledonia Mining Corporation Plc (CMCL)
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.
Caledonia Mining reports strong second quarter as gold prices surge
Strong gold prices supported a surge in Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL)'s gross revenues in the second quarter of $50.1 million, a substantial increase from $37 million in the same period last year. Gross profit more than doubled to $22.9 million, reflecting both the increased revenue and lower production costs.
Caledonia Mining's solar plant a stand out achievement says ESG head - ICYMI
Colleen Parkins, head of ESG at Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL), the operator of the Blanket gold mine in Zimbabwe, explains the key points of the gold producer's 2023 ESG report. Proactive: What were the company's ESG achievements in 2023?
Caledonia Mining hails sustainability progress
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) hailed its progress on sustainability in several key areas at its Blanket Mine in Zimbabwe during 2023. Mark Learmonth, chief executive, said: "A major operational highlight in 2023 was the substantial 14% reduction in Scope 1 and 2 greenhouse gas emissions; this was made possible following the installation of our 12.2 MWac solar plant, which has decreased our reliance on both the local grid and diesel generators.
Caledonia Mining underlines sustainability of Blanket mine with update, broker says
Caledonia Mining's latest production underlines the sustainability of the Blanket gold mine in Zimbabwe following the uncharacteristic issues of 2023, says house broker Liberum. First half output of 37,800oz (33,500oz) exceeded Caledonia's expectations with the guidance of 74-78,000 oz for the full year maintained.
Caledonia Mining reports 'excellent' quarter at Blanket
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) has reported another strong production quarter from the Blanket mine in Zimbabwe, with output in the three months to June at 20,773 ounces of gold or 19% higher than a year ago. For the first half of this year, Blanket has now produced 37,823 ounces of gold, a 13% increase on the first half of 2023 and puts the miner on track to hit its target of 74,000 to 78,000 ounces for the full year, said its statement.
