Caledonia Mining Corp

CMCL

Market cap $525M

Caledonia Mining Corporation is downgraded from 'Strong Buy' to 'Buy' due to declining production, rising costs, and Zimbabwean government intervention risks. CMCL's recent rally was interrupted by proposed tax and royalty changes, undermining investor trust despite subsequent government backtracking on key fiscal measures. Production from the Blanket mine is falling, with 2026 output and all-in-sustaining costs expected at 76,213 oz and $2,200/oz, respectively, pressuring margins.

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) has priced a private placement of $125 million of 5.875% Convertible Senior Notes due 2033. The London-listed gold miner's note offer was upsized from $100 million.

(NYSE AMERICAN, AIM and VFEX: CMCL) SAINT HELIER, JE / ACCESS Newswire / January 14, 2026 / Caledonia Mining Corporation Plc ("Caledonia"), a gold production, exploration and development company, today announced its intention to offer $100 million aggregate principal amount of Convertible Senior Notes due 2033 (the "Notes") in a private placement (the "Convertible Notes Offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Caledonia also intends to grant the initial purchasers of the Notes an option to purchase, during a 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional $20 million aggregate principal amount of notes.

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) ended FY25 with production broadly in line with its upgraded guidance, highlighted broker Cavendish, despite a softer fourth quarter at Blanket in Zimbabwe. The stockbroker noted Q25 output was 17,400 ounces of gold, slightly behind its expectations after lower tonnages of higher-grade ore and power interruptions late in the period.

(NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) SAINT HELIER, JE / ACCESS Newswire / January 14, 2026 / Caledonia Mining Corporation Plc ("Caledonia" or "the Company") announces that James Mufara, Chief Operating Officer, has left the Company. The Company confirms that its operations continue to be managed by the existing executive and operating team, and the operations and strategy remain unchanged.

Blanket production meets guidance and continues to invest in growth (NYSE AMERICAN, AIM and VFEX: CMCL) SAINT HELIER, JE / ACCESS Newswire / January 14, 2026 / Caledonia Mining Corporation Plc ("Caledonia" or "the Company") announces Blanket Mine ("Blanket") gold production for the quarter ("Q4 2025") and year ("FY 2025") ended December 31, 2025. All production numbers are expressed on a 100 per cent basis and are subject to final assays by the refiner.

NEW YORK, Jan. 8, 2026 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Caledonia Mining Corporation Plc ("Caledonia Mining" or the "Company") (NYSE: CMCL). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.

NEW YORK, Jan. 06, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  Caledonia Mining Corporation Plc (“Caledonia Mining” or the “Company”) (NYSE: CMCL).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) has confirmed that Zimbabwe has now enacted its 2026 National Budget. The enacted provisions confirm Caledonia's December 19 position, the company said.

(NYSE AMERICAN, AIM and VFEX:CMCL) SAINT HELIER, JE / ACCESS Newswire / January 6, 2026 / Caledonia announces that, further to its announcements of December 1, 2025 and December 19, 2025, the Republic of Zimbabwe's Finance Act, 2025 has been passed which enacts the 2026 National Budget. The enacted provisions confirm the position outlined in the announcement of December 19, 2025.