Latest news with #MarkLearmonth
Globe and Mail
23-07-2025
- Business
- Globe and Mail
Caledonia Mining Corporation Plc: Profitability expected to be materially ahead of market expectations
ST HELIER, Jersey, July 23, 2025 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ('Caledonia' or 'the Company') (NYSE AMERICAN, AIM and VFEX: CMCL) expects to announce its financial results for the quarter ended June 30, 2025 ('Q2 2025') and the half year ended June 30, 2025 ('H1 2025') on August 11, 2025. The Company anticipates reporting a profitable second quarter, building upon a strong performance in the first quarter of 2025. This reflects Blanket Mine's gold production summary announced on July 16, 2025 and the strong and sustained gold price. Based on the current production profile at Blanket Mine, and assuming the continuation of favourable gold prices, the Company estimates that profitability for the full year of 2025 will be materially ahead of market expectations. Further details will be provided in the Q2 2025 results expected to be announced on August 11, 2025. Mark Learmonth, Chief Executive Officer, said: 'We were pleased with the excellent production results announced on July 16, 2025. Combined with a robust and sustained gold price, we are enjoying strong profitability. This reflects the hard work and dedication of the team at Blanket Mine and at group level, which we have strengthened significantly in recent times.' Enquiries: Caledonia Mining Corporation Plc Mark Learmonth Camilla Horsfall Tel: +44 1534 679 800 Tel: +44 7817 841 793 Cavendish Capital Markets Limited (Nomad and Joint Broker) Adrian Hadden George Lawson Tel: +44 207 397 1965 Panmure Liberum Limited (Joint Broker) Scott Mathieson Tel: +44 20 3100 2000 Camarco, Financial PR (UK) Gordon Poole Elfie Kent Tel: +44 20 3757 4980 3PPB (Financial PR, North America) Patrick Chidley Paul Durham Tel: +1 917 991 7701 Tel: +1 203 940 2538 Curate Public Relations (Zimbabwe) Debra Tatenda Tel: +263 77802131 IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe) Lloyd Mlotshwa Tel: +263 (242) 745 119/33/39 Note: The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014 ('MAR') as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and is disclosed in accordance with the Company's obligations under Article 17 of MAR. Cautionary Note Concerning Forward-Looking Information Information and statements contained in this news release that are not historical facts are 'forward-looking information' within the meaning of applicable securities legislation that involve risks and uncertainties relating, but not limited, to Caledonia's current expectations, intentions, plans, and beliefs. Forward-looking information can often be identified by forward-looking words such as 'anticipate', 'believe', 'expect', 'goal', 'plan', 'target', 'intend', 'estimate', 'could', 'should', 'may' and 'will' or the negative of these terms or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. The forward-looking information contained in this news release is based, in part, on assumptions and factors that may change or prove to be incorrect, thus causing actual results, performance or achievements to be materially different from those expressed or implied by forward-looking information. Such factors and assumptions include, but are not limited to, achieving Blanket Mine's annual production forecast and maintaining a favourable gold pricel. To the extent any forward-looking information herein constitutes a financial outlook or future oriented financial information, any such statement is made as of the date hereof and included herein to provide prospective investors with an understanding of the Company's plans and assumptions. Security holders, potential security holders and other prospective investors should be aware that these statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. Such factors include, but are not limited to: risks relating to estimates of mineral reserves and mineral resources proving to be inaccurate, fluctuations in gold price, risks and hazards associated with the business of mineral exploration, development and mining, risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards, employee relations; relationships with and claims by local communities and indigenous populations; political risk; risks related to natural disasters, terrorism, civil unrest, public health concerns (including health epidemics or outbreaks of communicable diseases such as the coronavirus (COVID-19)); availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining or maintaining necessary licenses and permits, diminishing quantities or grades of mineral reserves as mining occurs; global financial condition, the actual results of current exploration activities, changes to conclusions of economic evaluations, and changes in project parameters to deal with unanticipated economic or other factors, risks of increased capital and operating costs, environmental, safety or regulatory risks, expropriation, the Company's title to properties including ownership thereof, increased competition in the mining industry for properties, equipment, qualified personnel and their costs, risks relating to the uncertainty of timing of events including targeted production rate increase and currency fluctuations. Security holders, potential security holders and other prospective investors are cautioned not to place undue reliance on forward-looking information. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Caledonia undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law.
Hamilton Spectator
23-07-2025
- Business
- Hamilton Spectator
Caledonia Mining Corporation Plc: Profitability expected to be materially ahead of market expectations
ST HELIER, Jersey, July 23, 2025 (GLOBE NEWSWIRE) — Caledonia Mining Corporation Plc ('Caledonia' or 'the Company') (NYSE AMERICAN, AIM and VFEX: CMCL) expects to announce its financial results for the quarter ended June 30, 2025 ('Q2 2025') and the half year ended June 30, 2025 ('H1 2025') on August 11, 2025. The Company anticipates reporting a profitable second quarter, building upon a strong performance in the first quarter of 2025. This reflects Blanket Mine's gold production summary announced on July 16, 2025 and the strong and sustained gold price. Based on the current production profile at Blanket Mine, and assuming the continuation of favourable gold prices, the Company estimates that profitability for the full year of 2025 will be materially ahead of market expectations. Further details will be provided in the Q2 2025 results expected to be announced on August 11, 2025. Mark Learmonth, Chief Executive Officer, said: 'We were pleased with the excellent production results announced on July 16, 2025. Combined with a robust and sustained gold price, we are enjoying strong profitability. This reflects the hard work and dedication of the team at Blanket Mine and at group level, which we have strengthened significantly in recent times.' Enquiries: Note: The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014 ('MAR') as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and is disclosed in accordance with the Company's obligations under Article 17 of MAR. Cautionary Note Concerning Forward-Looking Information Information and statements contained in this news release that are not historical facts are 'forward-looking information' within the meaning of applicable securities legislation that involve risks and uncertainties relating, but not limited, to Caledonia's current expectations, intentions, plans, and beliefs. Forward-looking information can often be identified by forward-looking words such as 'anticipate', 'believe', 'expect', 'goal', 'plan', 'target', 'intend', 'estimate', 'could', 'should', 'may' and 'will' or the negative of these terms or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. The forward-looking information contained in this news release is based, in part, on assumptions and factors that may change or prove to be incorrect, thus causing actual results, performance or achievements to be materially different from those expressed or implied by forward-looking information. Such factors and assumptions include, but are not limited to, achieving Blanket Mine's annual production forecast and maintaining a favourable gold pricel. To the extent any forward-looking information herein constitutes a financial outlook or future oriented financial information, any such statement is made as of the date hereof and included herein to provide prospective investors with an understanding of the Company's plans and assumptions. Security holders, potential security holders and other prospective investors should be aware that these statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. Such factors include, but are not limited to: risks relating to estimates of mineral reserves and mineral resources proving to be inaccurate, fluctuations in gold price, risks and hazards associated with the business of mineral exploration, development and mining, risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards, employee relations; relationships with and claims by local communities and indigenous populations; political risk; risks related to natural disasters, terrorism, civil unrest, public health concerns (including health epidemics or outbreaks of communicable diseases such as the coronavirus (COVID-19)); availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining or maintaining necessary licenses and permits, diminishing quantities or grades of mineral reserves as mining occurs; global financial condition, the actual results of current exploration activities, changes to conclusions of economic evaluations, and changes in project parameters to deal with unanticipated economic or other factors, risks of increased capital and operating costs, environmental, safety or regulatory risks, expropriation, the Company's title to properties including ownership thereof, increased competition in the mining industry for properties, equipment, qualified personnel and their costs, risks relating to the uncertainty of timing of events including targeted production rate increase and currency fluctuations. Security holders, potential security holders and other prospective investors are cautioned not to place undue reliance on forward-looking information. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Caledonia undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law. This news release is not an offer of the shares of Caledonia for sale in the United States or elsewhere. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the shares of Caledonia, in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such province, state or jurisdiction.
Globe and Mail
16-07-2025
- Business
- Globe and Mail
Caledonia Mining Corporation Plc: Blanket Mine Q2 2025 Production and Guidance
ST HELIER, Jersey, July 16, 2025 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ('Caledonia' or 'the Company') (NYSE AMERICAN, AIM and VFEX: CMCL) announces gold production from the Blanket Mine ('Blanket') in Zimbabwe for the quarter ended June 30, 2025 ('Q2 2025') and the half year ended June 30, 2025 ('H1 2025'). All production numbers are expressed on a 100 per cent basis and are based on final assays from the refiner. Production and Guidance Summary Q2 2025 gold production was 21,070 ounces, setting a new record for a second quarter; 20,773 ounces were produced in the second quarter of 2024. H1 2025 gold production was 39,741 ounces, a 5.1 % increase on the 37,823 ounces produced in the first half of 2024. Caledonia increases Blanket's production guidance to 75,500 - 79,500 ounces of gold 1. Mark Learmonth, Chief Executive Officer, said: 'Production in the first half of 2025 was excellent and has exceeded our expectations. As a result of this strong performance, we are increasing our annual production guidance. This performance is a testament to the dedication and hard work of our team. 'Blanket Mine continues to provide a solid foundation for growth. As we move forward, we are confident that it will continue to be a cornerstone of our success, driving value for our shareholders.' Craig James Harvey, MGSSA, MAIG, Caledonia Vice President, Technical Services, has reviewed and approved the scientific and technical information contained in this news release. Craig James Harvey is a 'Qualified Person' as defined by each of (i) the Canadian Securities Administrators' National Instrument 43-101 - Standards of Disclosure for Mineral Projects and (ii) sub-part 1300 of Regulation S-K of the U.S. Securities Act. Enquiries: Caledonia Mining Corporation Plc Mark Learmonth Camilla Horsfall Tel: +44 1534 679 800 Tel: +44 7817 841 793 Cavendish Capital Markets Limited (Nomad and Joint Broker) Adrian Hadden George Lawson Tel: +44 207 397 1965 Panmure Liberum Limited (Joint Broker) Scott Mathieson Tel: +44 20 3100 2000 Camarco, Financial PR (UK) Gordon Poole Elfie Kent Tel: +44 20 3757 4980 3PPB (Financial PR, North America) Patrick Chidley Paul Durham Tel: +1 917 991 7701 Tel: +1 203 940 2538 Curate Public Relations (Zimbabwe) Debra Tatenda Tel: +263 77802131 IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe) Lloyd Mlotshwa Tel: +263 (242) 745 119/33/39 Note: The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014 ('MAR') as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and is disclosed in accordance with the Company's obligations under Article 17 of MAR. Cautionary Note Concerning Forward-Looking Information Information and statements contained in this news release that are not historical facts are 'forward-looking information' within the meaning of applicable securities legislation that involve risks and uncertainties relating, but not limited, to Caledonia's current expectations, intentions, plans, and beliefs. Forward-looking information can often be identified by forward-looking words such as 'anticipate', 'believe', 'expect', 'goal', 'plan', 'target', 'intend', 'estimate', 'could', 'should', 'may' and 'will' or the negative of these terms or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. The forward-looking information contained in this news release is based, in part, on assumptions and factors that may change or prove to be incorrect, thus causing actual results, performance or achievements to be materially different from those expressed or implied by forward-looking information. Such factors and assumptions include, but are not limited to, achieving Blanket Mine's annual production forecast. To the extent any forward-looking information herein constitutes a financial outlook or future oriented financial information, any such statement is made as of the date hereof and included herein to provide prospective investors with an understanding of the Company's plans and assumptions. Security holders, potential security holders and other prospective investors should be aware that these statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. Such factors include, but are not limited to: risks relating to estimates of mineral reserves and mineral resources proving to be inaccurate, fluctuations in gold price, risks and hazards associated with the business of mineral exploration, development and mining, risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards, employee relations; relationships with and claims by local communities and indigenous populations; political risk; risks related to natural disasters, terrorism, civil unrest, public health concerns (including health epidemics or outbreaks of communicable diseases such as the coronavirus (COVID-19)); availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining or maintaining necessary licenses and permits, diminishing quantities or grades of mineral reserves as mining occurs; global financial condition, the actual results of current exploration activities, changes to conclusions of economic evaluations, and changes in project parameters to deal with unanticipated economic or other factors, risks of increased capital and operating costs, environmental, safety or regulatory risks, expropriation, the Company's title to properties including ownership thereof, increased competition in the mining industry for properties, equipment, qualified personnel and their costs, risks relating to the uncertainty of timing of events including targeted production rate increase and currency fluctuations. Security holders, potential security holders and other prospective investors are cautioned not to place undue reliance on forward-looking information. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Caledonia undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law. This news release is not an offer of the shares of Caledonia for sale in the United States or elsewhere. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the shares of Caledonia, in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such province, state or jurisdiction. 1 Refer to the technical report entitled 'NI 43-101 Technical Report on the Blanket Gold Mine, Zimbabwe' with effective date December 31, 2023 prepared by Caledonia Mining Corporation Plc and filed by the Company on SEDAR+ ( on May 15, 2024.
Zawya
25-06-2025
- Business
- Zawya
Caledonia reports above-expectation drilling results at Zimbabwe mine
Results from 6 976 m of underground drilling from January 2024 to the end of April indicate that the existing Blanket and Eroica orebodies at the mine have grades and widths which are generally better than expected, while the Lima orebody is shown to continue below 22 level (750 m). A new potential orebody has been intersected in the Blanket orebody area of the mine, with the company highlighting 'impressive' grades and widths. The programme is aimed at evaluating the continuity of the mineralised zones on the Blanket, Eroica and Lima orebodies, which comprise three of the main orebodies at the mine. It also aims to increase the confidence levels of the existing mineral resource and to grow the mineral resource estimate (MRE) below the 34 level of the mine (1 110 m). 'Our ongoing drilling campaign continues to demonstrate encouraging results, further improving our confidence in the Blanket mine mineral resource and pointing to additional future mineral resource growth. 'The grades and widths we are seeing from this drilling campaign are as good as and, in some cases, considerably better than, results from previous drilling campaigns, which is highly encouraging,' Caledonia CEO Mark Learmonth says. 'We anticipate that the positive grades and widths will result in an increased overall MRE, which in due course should result in the extension of the existing life-of-mine. 'We have invested heavily in Blanket mine over the last seven years to increase production capacity, resulting in mine infrastructure that can sustain production beyond the current production horizon,' he adds. © Copyright The Zimbabwean. All rights reserved. Provided by SyndiGate Media Inc. (
Globe and Mail
16-05-2025
- Business
- Globe and Mail
Caledonia Mining Corporation Plc: Annual Report on Form 20-F has been filed
ST HELIER, Jersey , May 16, 2025 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or "the Company") (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announces that it has filed with the U.S. Securities and Exchange Commission (the "SEC") on EDGAR the Company's Annual Report on Form 20-F for the fiscal year ended December 31, 2024 (the "Annual Report"). The Annual Report can be accessed on the SEC's website at and on the Company's website at Enquiries: Caledonia Mining Corporation Plc Mark Learmonth Camilla Horsfall Tel: +44 1534 679 800 Tel: +44 7817 841 793 Cavendish Capital Markets Limited (Nomad and Joint Broker) Adrian Hadden Pearl Kellie Tel: +44 207 397 1965 Tel: +44 131 220 9775 Panmure Liberum (Joint Broker) Scott Mathieson/ Ailsa MacMaster Tel: +44 20 3100 2000 Camarco, Financial PR (UK) Gordon Poole Julia Tilley Elfie Kent Tel: +44 20 3757 4980 3PPB (Financial PR, North America) Patrick Chidley Paul Durham Tel: +1 917 991 7701 Tel: +1 203 940 2538 Curate Public Relations (Zimbabwe) Debra Tatenda Tel: +263 77802131 IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe) Lloyd Mlotshwa Tel: +263 (242) 745 119/33/39
