Caledonia Mining Share Discussion Threads

[tightfist] 22/3/2021 07:58

Said it again this morning - now only 9 days to go....

[fredfishcake] 17/3/2021 08:18

Today's RNS signs off with "come at an exciting time for the Company with the commissioning of Central Shaft due to be completed in the first quarter of this year." I'm sure if there was going to be a delay this wouldn't have been said.

[tightfist] 17/3/2021 08:06

Makes one wonder if it's associated with the GDXJ index inclusion RNS this morning? I wonder when Van Eck announced the imminent rebalancing - I went looking and found multiple references to 12 March but nor sure it was relevant to CMCL.

[stemis] 15/3/2021 21:56

Well they expected commissioning of the central shaft in Q1 2021 and there's only 16 days left. Generally they deliver...

[ntv] 15/3/2021 20:18

large volume in states today
Some news must be due pretty soon

[melloteam] 11/3/2021 15:07

Just to let shareholders and prospective investors know that Caledonia Mining will be presenting at Mello Tuesday Investing in Gold and Mining webinar event on Tuesday 16th March at 6pm-9:30pm. Use code MTGold70 for 70% off!
The webinar will include how to invest in Gold & Mining, covering everything from buying gold coins and bars through to stakes in gold producers paying regular dividends. We will also cover ETFs, gold indexes, gold exploration & mining companies and investment funds, featuring a number of presentations. The webinar will provide a broad range with a panel session to cover all these options and assessing the risks and opportunities now open to investors. We have a fantastic line up of company presentations from Condor Gold, Taseko Mining and Caledonia Mining.

[melloteam] 08/3/2021 14:25

Just to let shareholders and prospective investors know that following the popularity of the first #MelloTuesday, Investing in Gold event, we are delighted to announce that we are running a follow up event, Investing in Gold and Mining on Tuesday 16th March at 6pm-9:30pm. Use code MTGold70 for 70% off tickets!
The webinar will include how to invest in Gold & Mining, covering everything from buying gold coins and bars through to stakes in gold producers paying regular dividends. We will also cover ETFs, gold indexes, gold exploration & mining companies and investment funds, featuring a number of presentations. The webinar will provide a broad range with a panel session to cover all these options and assessing the risks and opportunities now open to investors. We have a fantastic line up of company presentations from Pure Gold, Condor Gold, Taseko Mining and Caledonia Mining.

[tomps2] 26/2/2021 10:22

Caledonia Mining (CMCL) Spoken about in a piworld interview with Edmund Shing; Mr Shing’s thoughts from 12:35.
Watch the video at:
Or listen to the podcast using the following link:

[stemis] 25/2/2021 09:21

I don't think that's an unfair analysis. Gold is the best way Zim have of generating the foreign currency it desperately needs, followed by opening the country up to foreign investment. Screwing over those gold miners who have invested in the country really isn't going to help either.

CML have always operated prudently and in a low risk fashion so I really can't see them taking a flyer on some high cost, speculative venture.

They dealt well with Zim's forex and covid issues over the last couple of years and one senses they are quite well connected in the Zim government. These guys know how to run a mine.

[mikkydhu] 25/2/2021 06:52

CALEDONIA: THE FUTURE

Caledonia Mining intends to be big:

* New shaft will enable (2022) 80,000 ounces of gold pa
* Any new mine they build must be able to produce at least 60,000
ounces pa, so they have said.
*2 new properties being explored. If both measure up, will yield
120,000 ounces pa. (talk of a new “gold camp”)
*Total (Blanket + 2 new mines): 200,000 ounces pa.

Is it reasonable to expect Caledonia to discover two properties able to produce at least 60,000 ounces pa each?

Before 1980, Zimbabwe was Africa’s third biggest gold producer, after South Africa and Ghana. But because of the unfavourable situation in Zimbabwe, its gold occurrences had not been explored and exploited for many decades. On 7th Oct 2020 Mark Learmonth said of Zimbabwe’s gold occurrences, “They have resource potential of millions of ounces, anything between 4 and 8 million ounces, which is world class, world scale stuff.” Caledonia have chosen 2 out of 24 possible properties to explore. The chances of these skilled miners finding 2 qualifying properties (60,000 ounces pa) must be good.

RISKY? How risky is it to invest in Caledonia? Consider this: In October last year Caledonia signed an NDA with the Government of Zimbabwe to investigate some of their gold properties and come up with a mutually beneficial transaction. Mark Learmonth said the Zim Govt made much of the signing. It was ceremonial and televised. His view is that the Government wanted to do something to revive the economy and wanted to be seen to be doing it. “They seem to have come to the recognition that they can’t provide all the answers and they need to reach out to people like Caledonia who have demonstrably got the expertise in country: we’ve been running a very successful gold mine there for 10 or 12 years now and we’ve invested for growth.”
I find all this somewhat reassuring, and look forward to hearing of a deal to explore a gold asset with the Government of Zimbabwe.

COST of all this expansion:
Cost of exploring a property: a million dollars, “insignificant” (Mark L)
Cost of buying a property: $5 million, “insignificant” (Mark L.)
On 11th Dec Mark Learmonth said, “We wouldn’t start to build the mine (Glen Hume) for another 2 or 3 years, by which time we’ll be generating between 45 and 50 million dollars a year from Blanket.
Initially it would be an open cast operation, much cheaper than a deep level mine. So we’re comfortable we can turn this to account without interrupting our dividend stream.”

Of course, we haven’t had a single drill result yet, so we mustn’t get ahead of ourselves. But it is interesting to speculate in the light of what the company themselves have said.

[energeticbacker] 22/2/2021 10:36

New Investor’s Champion blog:

Are we on the verge of a new commodity super cycle, including gold and silver copper and nickel and lithium and platinum prices? These companies could see spectacular gains. Blog includes CMCL.

[tomps2] 19/2/2021 09:32

Caledonia Mining on the Stockopedia / Piworld February 2021 StockSlam. Damian Cannon's thoughts from 03:35.

Video -

Podcast -

[stemis] 04/2/2021 13:59

Another tweet from CMCL confirming that commissioning of central shaft still on track for completion in Q1



I imagine we'll get an RNS when it is.

[stemis] 29/1/2021 18:41

Actually there's a video, dated 25 Jan, posted on youtube by Camilla Horsfall Vice President Investor Relations CMCL -

Shows the Construction of Final Headgear at Central Shaft

[God knows who chose the music, lol...]

[mikkydhu] 29/1/2021 11:02

Caledonia have today issued a Newsletter which can be found on their website under Presentations. Nothing new, just a useful summary of current projects such as the commissioning of the new shaft and the solar power project.

[mikkydhu] 26/1/2021 10:45

Further to the question about Life of Mine, it is worth bearing in mind that Blanket is over 100 years old.

[dozey3] 26/1/2021 08:49

CMCL as portrayed by the chart.

[tightfist] 26/1/2021 08:19

Confidence completely shot? Do you refer to gold, gold miners, Zim., CMCL or the Chart?

[daz] 25/1/2021 10:49

I've used the dip to add to my holding. The news from the company has been consistently good and the central shaft should open this quarter.
There is probably a seller out there but the price has moved up on a few buys, so I'm hoping we're near the end of this retrace

[stemis] 25/1/2021 10:12

It's sometimes hard to know what drives the CMCL share price. At the moment all the news seems to be positive. We are heading quickly towards 80,000 oz at an all in cash cost of under $850/oz. At the current gold price of $1,850/oz that would produce >$80m a year. Current market value is around $188m (inc. $21m of cash, although a chunk of that is earmarked for the solar plant).

It's a pain to have the share price drop by 1/3 but as long as CMCL keep delivering operationally I'm confident the price will eventually recover.

[mikkydhu] 25/1/2021 09:48

LOM until 2034.

I would love to know what drilling data they base this on. I may email them to find out. I very much look forward to hearing how any current drilling from the level reached by the new shaft turns out.

RNS on 30th Nov 2020: "The Central Shaft will provide access for further deep-level exploration which, if successful, may extend Blanket mine life beyond 2034."

[kennyp52] 25/1/2021 09:28

Newly in . Numbers for this company are solid and dividend paying . Zimbabwe the only thing holding this price down in my opinion ? Anyone got LOM save me some time ? Uplift in production is surely going to help share price . Good luck all .

[melody9999] 24/1/2021 21:01

The increasing gold production should outwiegh any slight concerns over the LTI plan. So why is the share price continuing down? Something happening in Zimbabwe I have not picked up - if so it would have to be increased risk as country risk is already priced in

[mikkydhu] 14/1/2021 15:04

For each quarter of 2020 so far, the gold production figure has been significantly above the figure for the corresponding quarter of 2019. If this trend continues for the fourth quarter, the production figure will be over 17,000 ounces and over 60,000 ounces for the year as a whole.
If the BOD are still feeling generous, might they declare a special dividend?