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Caledonia Mining Achieves 2024 Production Targets and Plans Strategic Investments for 2025
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Caledonia Mining Achieves 2024 Production Targets and Plans Strategic Investments for 2025

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Caledonia Mining ( (CMCL) ) has issued an announcement.

Caledonia Mining Corporation Plc reported that the Blanket Mine achieved its 2024 gold production guidance with 76,656 ounces, slightly surpassing the previous year’s output. The company is investing $41.8 million in 2025 to enhance operational efficiency and growth, with a focus on modernizing the Blanket Mine and progressing exploration at Bilboes and Motapa. Despite short-term cost pressures, these investments aim to improve the mine’s long-term profitability and operational resilience, with no anticipated impact on the dividend.

More about Caledonia Mining

Caledonia Mining Corporation Plc operates in the mining industry, primarily focusing on gold production. The company’s main asset is the Blanket Mine in Zimbabwe, and it is also involved in exploration projects at Bilboes and Motapa, aiming to expand its mining operations and resource base.

YTD Price Performance: -4.21%

Average Trading Volume: 81,432

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $174.7M

For detailed information about CMCL stock, go to TipRanks’ Stock Analysis page.

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