Group 1: Company Overview - Caledonia Mining Corporation Plc (NYSE:CMCL) is recognized as one of the 9 Best Junior Gold Mining Stocks to Buy Now, with three out of four analysts rating the stock as a Buy and a consensus median price target of $38.09, indicating a 34.17% upside as of January 5 [1] - The company operates primarily in Zimbabwe, focusing on the exploration and development of mineral properties for precious metals, including projects like Blanket Mine, Maligreen, Bilboes, and Motapa [6] Group 2: Recent Developments - The passage of Zimbabwe's Finance Act, 2025, reaffirms Caledonia's announcement regarding royalty rates, stating that a higher royalty rate of 10% will only apply if the gold price exceeds $5,000 per ounce [2] - Proposed changes to the tax and royalty regime, including a 15% withholding tax on offshore loans and adjustments to royalty tiers, have been withdrawn, confirming that no changes are required to the Bilboes Gold Project report following the Budget approval [3][4] - The Bilboes project has proven and probable gold reserves of 1.749 million ounces at 2.26 g/t, with measured and indicated resources of 532,000 ounces at 1.37 g/t and 984,000 ounces at 1.62 g/t [4] Group 3: Shareholder Activity - On December 22, Mr. Victor Gapare, through Toziyana Resources Limited, purchased 7,457 shares of Caledonia's common stock at a price of $26.83 per share, totaling approximately $200,071, which increased Toziyana's stake in Caledonia to 12.66% [5]
Caledonia Mining Corporation Updates Regarding Royalty Rates Following Zimbabwe’s Finance Act, 2025