Caledonia Mining Corporation (DI) (CMCL)

Sector:

Mining

Index:

FTSE AIM All-Share

 1,185.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 1,290.00p
  • 52 Week Low: 720.00p
  • Currency: UK Pounds
  • Shares Issued: 19.21m
  • Volume: 163
  • Market Cap: £227.69m
  • RiskGrade: 174

Caledonia Mining completes takeover of Bilboes gold project

By Josh White

Date: Friday 06 Jan 2023

LONDON (ShareCast) - (Sharecast News) - Caledonia Mining announced on Friday that, following the satisfaction of conditions precedent, it has completed the acquisition of Bilboes Gold.
The AIM-traded firm said Bilboes Gold is the parent company which owns, through its Zimbabwe subsidiary Bilboes Holdings, the Bilboes gold project in Zimbabwe.

It first announced its acquisition plans on 21 July last year.

"As a reminder, the total consideration payable is, subject to adjustment, 5,123,044 shares representing approximately 28.5% of Caledonia's fully diluted share capital and a 1% net smelter royalty on the project's revenues," the board said in its statement.

"Based on the last trading day's closing share price on NYSE American of $12.82 per share, the value of the maximum number of new shares that could be issued as consideration if there is no adjustment is currently $65,677,424."

At 1611 GMT, shares in Caledonia Mining Corporation were flat at 1,070p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CMCL Market Data

Currency UK Pounds
Share Price 1,185.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 1,290.00p
52 Week Low 720.00p
Volume 163
Shares Issued 19.21m
Market Cap £227.69m
RiskGrade 174

CMCL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
21.20% above the market average21.20% above the market average21.20% above the market average21.20% above the market average21.20% above the market average
65.08% above the sector average65.08% above the sector average65.08% above the sector average65.08% above the sector average65.08% above the sector average
Price Trend
10.91% above the market average10.91% above the market average10.91% above the market average10.91% above the market average10.91% above the market average
81.02% above the sector average81.02% above the sector average81.02% above the sector average81.02% above the sector average81.02% above the sector average
Income
33.58% above the market average33.58% above the market average33.58% above the market average33.58% above the market average33.58% above the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Growth
19.48% above the market average19.48% above the market average19.48% above the market average19.48% above the market average19.48% above the market average
86.44% below the sector average86.44% below the sector average86.44% below the sector average86.44% below the sector average86.44% below the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CMCL Dividends

  Latest Previous
  3rd Interim 2nd Interim
Ex-Div 11-Jul-24 11-Apr-24
Paid 26-Jul-24 26-Apr-24
Amount 14.00¢ 14.00¢

Trades for 31-Oct-2024

Time Volume / Share Price
16:26 65 @ 1,161.00p
12:05 42 @ 1,195.00p
11:39 9 @ 1,160.00p
09:52 24 @ 1,160.00p
09:15 7 @ 1,206.00p

CMCL Key Personnel

Chair John Lawson Kelly
CEO John Mark Learmonth

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