Caledonia Mining Corporation Plc (LON:CMCL)

Mining

Founded in 1992, Caledonia Mining Corporation Plc is a profitable cash generative gold producer with a strong growth profile, engaged in the operation of a gold mine and the exploration and development of mineral properties for precious metals. Its primary asset is the blanket mine in Zimbabwe. The company’s shares are listed on the New York Stock Exchange as NYSE: CMCL and its depositary interests in the shares are traded on the Alternative Investment Market (AIM) of the London Stock Exchange as LON: CMCL.

The company is committed to evaluating investment opportunities and has entered into an option agreement to acquire the mining claims over Maligreen and Connemara North in Zimbabwe. The Company's activities are focused on the Blanket Mine in Zimbabwe. It operates through four segments that include Zimbabwe, South Africa, Zambia, and Corporate. The Zimbabwe segments include Caledonia Holdings Zimbabwe Limited and subsidiaries, the South Africa segment comprises a gold mine and sales made by Caledonia Mining South Africa Proprietary Limited to the Blanket Mine, the Zambia segments consist of Nama copper project and cobalt project and the corporate segment includes the Company and Greenstone Management Services Limited responsible for administrative functions. The Blanket Mine is located around 560 km south of Harare and over 150 Km south of Bulawayo, the company has decided to increase its production to 80,000 ounces from 2022 and extend the life of mine. The mine has exploration title holdings in the Gwanda Greenstone Belt totaling approximately 80 claims, covering a total area of over 2,500 hectares.

Contact Information

company address B006 Millais House, Castle Quay, St Helier, JE2 3EF, Jersey

company phone+44.1534.679800

company websitehttp://www.caledoniamining.com/

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