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Recent Updates — CMCL

August 28, 2026View Source ↗

Caledonia Mining Corporation Plc announced a maiden mineral resource estimate for its 100%-owned Motapa property in Zimbabwe, adjacent to its developing Bilboes Gold Project. The estimate identifies 7.8 million tonnes at 1.51 g/t containing 379,000 ounces of gold in measured and indicated categories, plus 2.7 million tonnes at 1.48 g/t containing 131,000 ounces in inferred categories, using a 0.5 g/t cut-off grade. The company acquired Motapa for $8.25 million and spent $7.084 million on exploration through June 2026, resulting in an acquisition and discovery cost of approximately $40.45 per measured and indicated ounce. This resource supports the potential to extend Bilboes' planned production profile or support a larger operation, with first gold production at Bilboes expected in late 2028. Caledonia Mining Corporation Plc operates in the gold mining industry.

August 28, 2026View Source ↗

Caledonia Mining Corporation Plc announced a 22% increase to its underground measured and indicated mineral resources at Blanket Mine, rising to 2.178 million ounces of gold contained in 17.7 million tonnes at 3.83 g/t grade as of June 30, 2026. The company also declared a maiden surface mineral resource estimate comprising 30 thousand ounces of indicated gold across oxide and sulphide zones. Management highlighted successful conversion of inferred resources to higher-confidence categories and outlined plans for a technical study to deepen operations below 1,100 meters by late 2026. Additionally, the company intends to commence trial heap-leach processing on near-surface oxide material in the first half of 2027, subject to environmental approvals. Caledonia Mining Corporation Plc operates as a gold mining company focused on the Blanket Mine project in Zimbabwe.

August 10, 2026View Source ↗

Caledonia Mining Corporation Plc reported unaudited financial results for the six months ended June 30, 2026. Consolidated revenue increased to $142.3 million from $121.5 million in the prior year period, driven by a higher average realized gold price of $4,502 per ounce compared to $3,045. Gold production declined 18.8% to 32,916 ounces due to lower grades and constrained access at the Blanket mine. Net profit attributable to shareholders rose to $39.7 million from $29.4 million, supported by a $15.5 million fair value gain on derivative instruments. The company reaffirmed its 2026 production guidance of 72,000-76,500 ounces at Blanket and revised the all-in sustaining cost range upward to $2,500-$2,700 per ounce. Caledonia is a Zimbabwean-focused exploration, development, and mining company.

August 10, 2026View Source ↗

Caledonia Mining Corporation Plc reported Q2 2026 results with revenue of US$75.9 million and profit after tax of US$30.0 million. Gold production increased 18% to 17,360 ounces due to improved grades at Blanket Mine. The Board declared a quarterly dividend of US$0.14 per share, payable September 4, 2026, with record date August 21, 2026. Bilboes project financing progress includes credit approvals for over 50% of a US$150 million interim facility and advanced due diligence for a US$300 million project finance facility. The company reaffirmed 2026 production guidance of 72,000-76,500 ounces but raised cost guidance ranges to US$1,600-US$1,800/oz on-mine and US$2,500-US$2,700/oz AISC. Caledonia Mining Corporation Plc operates gold mines in Zimbabwe.