Blanket Mine

Caledonia Mining Corporation Plc: Issue of Securities Pursuant to Long Term Incentive Plan Awards and Issue of New Long Term Incentive Plan Awards

Retrieved on: 
Wednesday, April 10, 2024
Pus, Employment, Gold, Blanket Mine, RSU, Property management

Each PU that vests entitles the PDMR to receive one Caledonia common share (or a security representing a share) on the maturity of the award.

Key Points: 
  • Each PU that vests entitles the PDMR to receive one Caledonia common share (or a security representing a share) on the maturity of the award.
  • LTIPs awarded to non-executives entitle the awardee to opt for the cash value of the vesting PUs rather than shares, or a combination.
  • His award of PUs is prorated to reflect that his employment is due to commence on May 1, 2024 i.e.
  • is therefore reduced by 4 months of a total performance period of 36 months.

Caledonia Mining Corporation Plc: Fatal accident at Blanket Mine

Retrieved on: 
Tuesday, August 8, 2023
Blanket Mine, Trackless train, Maintenance, GMG, Family, NYSE, Injury

ST HELIER, Jersey, Aug. 08, 2023 (GLOBE NEWSWIRE) -- It is with regret that Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) (“Caledonia”) reports that an accident took place on 7 August 2023 at the Blanket Mine in Zimbabwe, as a result of which one employee of GMG - a company contracted to Blanket Mine - succumbed to his injuries in hospital today.

Key Points: 
  • ST HELIER, Jersey, Aug. 08, 2023 (GLOBE NEWSWIRE) -- It is with regret that Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) (“Caledonia”) reports that an accident took place on 7 August 2023 at the Blanket Mine in Zimbabwe, as a result of which one employee of GMG - a company contracted to Blanket Mine - succumbed to his injuries in hospital today.
  • The accident related to the maintenance of trackless equipment.
  • Further details cannot be released pending the outcome of an enquiry into this accident by the relevant authorities.
  • Caledonia expresses its condolences to the family and colleagues of the deceased.

Caledonia Mining Corporation Plc: Result of Placing

Retrieved on: 
Friday, March 24, 2023
Fundraising Regulator, NOT, FOR, Bilboes, Place, THIS, Blanket Mine, Gold, Admission, Standard Bank, NYSE, Cryptocurrency, Security (finance), Fundraising, Liberum veto

ST HELIER, Jersey, March 24, 2023 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or the "Company") (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) is pleased to announce that, further to the announcement made at 7.05 a.m. today regarding the Fundraise (the “Launch Announcement”), it has raised, subject to certain conditions, approximately £8.7 million (approximately US$10.6 million) before expenses under the Placing. The Placing received strong support from new and existing institutional investors. As announced in the Launch Announcement, it is expected that the Zimbabwe Placing will remain open until 12.00 p.m. on 31 March 2023 and a further announcement will be made in respect thereof in due course.

Key Points: 
  • ST HELIER, Jersey, March 24, 2023 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or the "Company") (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) is pleased to announce that, further to the announcement made at 7.05 a.m. today regarding the Fundraise (the “Launch Announcement”), it has raised, subject to certain conditions, approximately £8.7 million (approximately US$10.6 million) before expenses under the Placing.
  • The Placing received strong support from new and existing institutional investors.
  • A total of 781,749 Placing Shares have been placed with domestic and international institutional and sophisticated investors, conditional on Admission, at the Placing Price.
  • Cenkos, Liberum, and Standard Bank acted as joint bookrunners in relation to the Placing.

Caledonia Mining Corporation Plc: Proposed fundraise of approximately US$13 million (approximately £10.5 million)

Retrieved on: 
Friday, March 24, 2023
ACT, AS, Fundraising, Place, NO, Acquisition, LAWS, WITH, Standard Bank, NYSE, VIA, AIM, London Stock Exchange, RESPECT, OR, IH, AND, Attention, Blanket Mine, SELL, Victoria Falls Stock Exchange, Application, Admission, NYSE American, London Stock Exchange Group, SALE, LSE, THIS, Gold, WERE, Private, EUROPEAN UNION, Book building, IS, EBITDA, Mining, ANY, Indian stock exchange, United Kingdom, NOW, Property management, Security (finance), Pharmaceutical industry, Cryptocurrency, Auction, Rare-earth element, Palladium, Film industry, Bilboes, NEW ZEALAND, Appendix

ST HELIER, Jersey, March 24, 2023 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) (“Caledonia” or the “Company”) today announces that it proposes to raise approximately £8.1 million (approximately US$10 million) (before expenses), pursuant to a placing (the “Placing”) of new common shares of no par value (the “Placing Shares”) at a price per Placing Share of £11.15 (approximately US$13.74) (the “Placing Price”). The Placing Price is equivalent to a discount of 13.2% to the closing price of the Company’s Common Shares on AIM, the market operated by London Stock Exchange plc (“LSE”) on 23 March 2023, being the latest practicable date prior to this announcement, and a discount of 3.0% to the volume weighted average price on AIM for the 30 trading days to 23 March 2023.

Key Points: 
  • Caledonia acquired the Motapa gold exploration project in Southern Zimbabwe in November 2022 for US$8.25 million in cash and loan notes.
  • The mining lease for Motapa covers approximately 2,200 hectares, and approximately US$6 million of the net proceeds of the Fundraise is expected to be used for further exploration of the area.
  • Acquired in November 2021 for US$4 million, the Maligreen mining claims are situated in the Gweru mining district in the Zimbabwe Midlands.
  • Approximately US$2 million of the net proceeds of the Fundraise are expected be used for drilling and exploration of the claims.

Caledonia Mining Corporation Plc: Fatal accident at Blanket Mine

Retrieved on: 
Friday, February 17, 2023
Blanket Mine, Family, NYSE

ST HELIER, Jersey, Feb. 17, 2023 (GLOBE NEWSWIRE) -- It is with regret that Caledonia Mining Corporation Plc (“Caledonia”) (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) reports that an accident took place in the afternoon of February 16, 2023 at the Blanket Mine in Zimbabwe, as a result of which one Blanket Mine employee was killed.

Key Points: 
  • ST HELIER, Jersey, Feb. 17, 2023 (GLOBE NEWSWIRE) -- It is with regret that Caledonia Mining Corporation Plc (“Caledonia”) (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) reports that an accident took place in the afternoon of February 16, 2023 at the Blanket Mine in Zimbabwe, as a result of which one Blanket Mine employee was killed.
  • The accident related to secondary blasting.
  • Further details cannot be released pending the outcome of an enquiry into this accident by the relevant authorities.
  • Caledonia expresses its condolences to the family and colleagues of the deceased.

Caledonia Mining Corporation Plc: Mineral Resources and Reserves Update at the Blanket Mine

Retrieved on: 
Monday, February 6, 2023
Infection, NI, Bus, MBA, Technical report, Min, SEDAR, Insurance, Safety, Mineral, MMC, COVID-19, Legislation, Coronavirus, Mining, National instrument, Resource, Blanket Mine, Regulation, Zoo, News, Technical, Geology, Bachelor of Science, Reserve, Bachelor, Gross domestic product, Person, Blanket, Nationalization, Ministry of Oil and Mineral Reserves (Syria), Canadian Securities Administrators, Master of Commerce, Metallurgy, TRS, Risk, Terrorism, Resource management, Annual report, Risk management, Lithium

Mineral Resources and Reserves are stated in the 1300 S-K TRS pursuant to 1300 S-K on an attributable basis (i.e.

Key Points: 
  • Mineral Resources and Reserves are stated in the 1300 S-K TRS pursuant to 1300 S-K on an attributable basis (i.e.
  • 64%, based on the Company’s percentage ownership of Blanket Mine) and Mineral Resources are stated exclusive of Mineral Reserves.
  • Given that under NI 43-101 Mineral Resources and Reserves are stated on a 100% (i.e.
  • non attributable basis) and Mineral Resources are inclusive of Mineral Reserves, the estimates in the 1300 S-K TRS (the “TRS Mineral Resources and Reserves”) as shown in this announcement and to which the new estimates have been compared have also been grossed up to 100% (i.e.

Caledonia Mining Corporation Plc Results for the Quarter ended June 30, 2022

Retrieved on: 
Thursday, August 11, 2022
EPS, The Journeyman Project 2: Buried in Time, Quarter, NYSE, GLOBE, The First Half of My Life, Oxide, EBITDA, Mission statement, Depreciation, Acquisition, IFRS, Shareholder, NSR, NI, Gold, Blanket Mine, Zoom, SEDAR, Mining, Palladium, Cryptocurrency, Airline, Silver, Telescopic sight, Project, Bilboes

ST HELIER, Jersey, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (Caledonia or the Company)(NYSE AMERICAN: CMCL; AIM: CMCL) announces its operating and financial results for the quarter and the six months ended June 30, 2022 (the Quarter and First Half respectively).

Key Points: 
  • ST HELIER, Jersey, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (Caledonia or the Company)(NYSE AMERICAN: CMCL; AIM: CMCL) announces its operating and financial results for the quarter and the six months ended June 30, 2022 (the Quarter and First Half respectively).
  • This represents EBITDA (excluding asset impairments, depreciation and net foreign exchange gains) for the six months ended June 30, 2022 of $31.5 million (H1 2021: $23.5 million).
  • The 3 per cent increase to the comparable quarter reflects the lower on-mine cost per ounce offset by higher administrative costs.
  • This has been a terrific quarter and, indeed, half year with second quarter production of just over 20,000 ounces which set a record for any quarter.

Caledonia Mining Corporation Plc Transaction to acquire the Bilboes gold project in Zimbabwe

Retrieved on: 
Thursday, July 21, 2022
Sale, Oxide, Acquisition, Blanket Mine, DRA, Biox, Maintenance, Consideration, Electricity, Reserve Bank, Government, Gold, Board, NSR, Partner, Mining, Infinite, Project, Transaction, Zimbabwe Revenue Authority, Leigh Allison Wilson, Reserve Bank of Zimbabwe, Rothschild & Co, Film, Cryptocurrency, Security (finance), Management, Bilboes

Caledonia will update the market when the results of its own feasibility study review are complete.

Key Points: 
  • Caledonia will update the market when the results of its own feasibility study review are complete.
  • Subject to the satisfaction of various conditions precedent, Caledonia will purchase Bilboes Gold for a total consideration comprising 5,123,044 Caledonia shares and a 1 per cent NSR from the Project at completion (the Consideration).
  • Under the terms of the Transaction, Caledonia will take on the working capital obligations of the Bilboes group at the time of completion.
  • His extensive experience of both the Project and mining in Zimbabwe will be an invaluable addition to the Board.

Caledonia Mining Corporation Plc: Fatal accident at Blanket Mine

Retrieved on: 
Tuesday, February 22, 2022
GLOBE, Ageing, Family, LHD, Blanket Mine, NYSE

ST HELIER, Jersey, Feb. 22, 2022 (GLOBE NEWSWIRE) -- It is with regret that Caledonia Mining Corporation plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) (Caledonia) confirms that an accident took place on the morning of 21 February 2022 at the Blanket Mine in Zimbabwe, as a result of which one Blanket employee, Andrew Clydon Phiri (aged 35), was killed.

Key Points: 
  • ST HELIER, Jersey, Feb. 22, 2022 (GLOBE NEWSWIRE) -- It is with regret that Caledonia Mining Corporation plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) (Caledonia) confirms that an accident took place on the morning of 21 February 2022 at the Blanket Mine in Zimbabwe, as a result of which one Blanket employee, Andrew Clydon Phiri (aged 35), was killed.
  • The accident involved a LHD loader in one of Blankets underground haulages.
  • Further details cannot be released pending the outcome of an ongoing enquiry into this incident by the relevant authorities.
  • Caledonia expresses its condolences to the family and colleagues of the deceased.