Core Viewpoint - Caledonia Mining Corporation Plc has entered into an "At the Market" sales agreement to sell up to US$50 million worth of shares, with proceeds intended for the development of the Bilboes sulphide project [1][5]. Group 1: ATM Sales Agreement - The ATM Sales Agreement allows Caledonia to sell shares at its discretion through ordinary brokers' transactions or block trades on the NYSE American at market prices [1]. - The company expects to utilize the net proceeds from the sales for investment in the Bilboes sulphide project [1]. Group 2: Technical Report Summary - Caledonia filed a technical report summary titled "Bilboes Gold Project Technical Report Summary," prepared by DRA Projects, in accordance with S-K 1300 regulations [2]. - The report aims to present mineral resources and initial assessments for open pit mining to recover gold mineralization, with an effective date of May 30, 2024 [4]. Group 3: Future Plans - A new feasibility study for the Bilboes project is planned for publication in the first quarter of 2025 [5]. - The company has made an application for a block admission of 4,000,000 new depositary interests, expected to become effective around December 18, 2024 [6]. Group 4: Share Capital and Reporting - Following the block admission, the company's issued share capital remains unchanged at 19,214,554 shares [7]. - The company will provide six-monthly announcements regarding the utilization of the block admission in compliance with AIM Rule 29 [7]. Group 5: Regulatory Filings - A prospectus supplement will be filed with the SEC as part of the company's registration statement on Form F-3, containing detailed information about the company and the ATM Offering [8].

Core Viewpoint - Caledonia Mining Corporation has entered into an "At the Market" sales agreement to sell up to $50 million worth of shares, with proceeds intended for the development of the Bilboes sulphide project [1][5]. Group 1: ATM Sales Agreement - The ATM Sales Agreement allows Caledonia to sell shares at its discretion through ordinary brokers' transactions or block trades on the NYSE American at market prices [1]. - The company expects to utilize the net proceeds from the sales for investment in the Bilboes sulphide project [1]. Group 2: Technical Report Summary - Caledonia filed a technical report summary titled "Bilboes Gold Project Technical Report Summary" prepared by DRA Projects, in compliance with S-K 1300 regulations [2]. - The report aims to report mineral resources, present initial assessments for open pit mining, and propose additional work for feasibility studies [4]. Group 3: Future Plans - A new feasibility study for the Bilboes project is planned for publication in the first quarter of 2025 [5]. - The effective date of the technical report summary is May 30, 2024, with mineral resource amounts identical to those in the preliminary economic assessment [4]. Group 4: Share Capital and Admission - An application has been made for a block admission of 4,000,000 new depositary interests, which will rank pari passu with existing shares [6]. - Following the admission, the company's issued share capital remains unchanged at 19,214,554 shares [7].

Core Insights - The article emphasizes a versatile investment strategy suitable for various investor profiles, including dividend investors, value seekers, and those looking for growth opportunities [1]. Summary by Categories Investment Strategy - The investment strategy described is adaptable, catering to different types of investors, whether they focus on dividends, value propositions, or growth opportunities [1].

Core Viewpoint - Caledonia Mining Corporation Plc has received notifications from BlackRock, Inc. regarding a change in its voting rights holdings, indicating a significant shift in ownership interest [1]. Group 1: Notification Details - BlackRock, Inc. notified Caledonia Mining on November 19 and 20, 2024, that it crossed a threshold for notification of a relevant change on November 18 and 19, 2024, respectively [1]. - The notification indicates that BlackRock's resulting situation includes 4.74% of voting rights attached to shares and 0.25% through financial instruments, totaling 5.00% [4][10]. Group 2: Voting Rights Breakdown - The total number of voting rights held by BlackRock, Inc. is 960,786, with 911,596 voting rights directly attached to shares and 49,190 through financial instruments [4][5]. - The previous notification indicated a total of 4.99% voting rights, showing a slight decrease to 5.00% in the current notification [4][10]. Group 3: Financial Instruments - BlackRock holds 49,190 voting rights through Contracts for Difference (CFDs), representing 0.25% of voting rights [6][11]. - The financial instruments held do not have an expiration date and are settled in cash [6].

Revenue and Profitability - Revenue for the three months ended September 30, 2024, was $46,868 thousand, an increase of 13.5% compared to $41,187 thousand for the same period in 2023[10] - Total revenue for the nine months ended September 30, 2024, was $135,503,000, an increase from $107,653,000 in the same period of 2023, representing a growth of approximately 25.9%[114] - Profit for the period for the nine months ended September 30, 2024, was $16,452 thousand, compared to $1,693 thousand for the same period in 2023, representing a significant increase[10] - The operating profit for the period ended September 30, 2024, was $31.1 million, compared to $12.6 million in 2023, representing a year-over-year increase of 147.5%[113] Expenses and Costs - Gross profit for the nine months ended September 30, 2024, was $56,061 thousand, up 81.5% from $30,926 thousand in the same period of 2023[10] - Administrative expenses for the three months ended September 30, 2024, increased to $3,954 thousand from $2,889 thousand in the same period of 2023[10] - The company reported administrative expenses of $10,229,000 for the nine months ended September 30, 2024, compared to $11,890,000 in the same period of 2023, reflecting improved cost management[114] - Production costs at Blanket Mine increased to $58,020,000 in 2024 from $50,170,000 in 2023, with notable rises in salaries and wages by 10.6% and consumable materials by 14.9%[45] - The company reported production costs of $60,505,000 for the nine months ended September 30, 2024, compared to $61,028,000 in the same period of 2023, showing a slight reduction in costs[114] Cash Flow and Financial Position - Net cash inflow from operating activities for the three months ended September 30, 2024, was $4,591,000, a decrease of 68.3% compared to $14,495,000 for the same period in 2023[26] - The net cash and cash equivalents at the end of the period decreased to $7,635,000 as of September 30, 2024, compared to $3,192,000 at the end of the same period in 2023[26] - Cash and cash equivalents stood at $7,204,000 as of September 30, 2024, compared to $6,708,000 at December 31, 2023, indicating an increase of approximately 7.4%[91] - The net cash inflow from operations for the nine months ended September 30, 2024, was $28,564,000, significantly higher than $11,393,000 for the same period in 2023, marking an increase of 151.5%[26] Assets and Equity - Total assets as of September 30, 2024, were $339,660 thousand, an increase from $328,303 thousand as of December 31, 2023[16] - Total equity as of September 30, 2024, was $271,864 thousand, compared to $264,192 thousand as of December 31, 2023, reflecting a growth in shareholder value[16] - As of September 30, 2024, total property, plant, and equipment increased to $264,205,000 from $248,124,000 at December 31, 2023, reflecting a growth of approximately 6.5%[82] Foreign Exchange and Financial Risks - The company reported a net foreign exchange loss of $9,282 thousand for the nine months ended September 30, 2024, compared to a loss of $2,334 thousand for the same period in 2023[10] - The official exchange rate of the new Zimbabwe Gold (ZiG) weakened from ZiG13.99:US$1 to ZiG24.88:US$1 between September 27 and September 30, 2024, leading to substantial foreign exchange losses[48] - A sensitivity analysis indicated that a 45% strengthening of the ZiG against the US Dollar could result in foreign exchange gains of $2,980,000[52] Shareholder Returns - Dividends paid increased to $3,430,000 for the three months ended September 30, 2024, up from $2,801,000 in the same period of 2023, representing a rise of 22.4%[26] - Dividends declared for the nine months ended September 30, 2024, totaled $10,330,000, compared to $10,264,000 in 2023, showing a slight increase of 1%[122] - Dividends of $2.7 million were declared in November 2024, scheduled for payment in December 2024[124] Operational Developments - The company has initiated a marketing process to sell the solar plant, with negotiations ongoing with a reputable global renewable energy operator[95] - The life of mine (LoM) estimate for Blanket Mine has been extended to 2041, which includes inferred resources based on the latest drilling results[99] - The company has implemented a new sales mechanism that allows for debt funding secured against offshore gold sales, reducing risks associated with single refining sources in Zimbabwe[118]

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. Welcome to this call to ...

ST HELIER, Jersey, Nov. 11, 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 has approved a quarterly dividend of 14 United States cents (US$0.14) on each of the Company's shares. The relevant dates relating to the dividend are as follows: Ex-dividend date VFEX: November 20, 2024 Ex-dividend date AIM: November 21, 2024 Ex-dividend date NYSE American: November 22, 2024 Recor ...

ST HELIER, Jersey, Nov. 11, 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 quarter and the nine months ended September 30, 2024 (the "Quarter" and "nine months" respectively). Further information on the financial and operating results for both can be found in the management discussion and analysis ("MD&A") and the unaudited financial statements, which are available on ...

Core Viewpoint - Caledonia Mining Corporation has announced promising initial results from its exploration program at the Motapa project, which is adjacent to its Bilboes Gold Project in Zimbabwe, indicating significant gold mineralization potential [1][5]. Exploration Program Overview - The exploration program at Motapa has included 12,724 meters of trenching, 4,143 meters of diamond drilling (DD), and 5,433 meters of reverse circulation drilling (RC), achieving its initial objectives [3][6]. - The drilling has revealed widespread gold mineralization over a combined strike length of more than 9 kilometers, with high-grade intersections reported in several areas [3][4]. Drilling Highlights - Significant drill results include: - Hole JPRC01: 12.00 meters at 6.36 g/t from 81 meters downhole - Hole JPRC05: 13.00 meters at 5.17 g/t from 88 meters downhole - Hole MPZRC02: 4.00 meters at 10.95 g/t from 12 meters downhole - Hole JDD08: 14.00 meters at 3.20 g/t from 63 meters downhole [3][4][49]. Strategic Importance - The proximity of Motapa to the Bilboes project enhances its strategic importance, as it is expected to play a key role in the company's growth strategy [5][11]. - The exploration activities at Motapa are seen as having substantial upside potential from both greenfield and brownfield exploration opportunities [6][11]. Geological Context - Motapa is located within the Bubi Greenstone Belt and features three main mineralized shear zones: Motapa North, Motapa Central, and Motapa South [7][8]. - The geological mapping and drilling have identified slates, meta-andesites, and banded iron formations (BIFs) as host rocks for gold mineralization, with mineralization being structurally controlled [15][33]. Future Plans - The company plans to conduct follow-up drilling in 2025 to define an open pit mineral resource, particularly focusing on the northern trend of Motapa [17][19]. - Further updates on assay results and exploration progress are anticipated as the company continues its assessment of the Motapa project [6][24].

ST HELIER, Jersey, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (NYSE AMERICAN, AIM and VFEX: CMCL) ("Caledonia" or the "Company") expects to publish its operating and financial results for the quarter ended September 30, 2024 on Monday, November 11, 2024. A remote presentation for analysts and investors will be held on the same day, at 2:00pm London time, followed by an opportunity to ask questions. A presentation of the results for the quarter and outlook for Caledonia will be availa ...