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Caledonia Mining ( (CMCL) ) has issued an update.
Caledonia Mining Corporation Plc announced the completion and publication of the feasibility study for the Bilboes Gold Project on November 25, 2025, confirming a single-phase development as the most economic approach. The project is expected to deliver 1.55 million ounces of gold over 10.8 years with first production anticipated in late 2028. The feasibility study highlights robust project economics with a post-tax IRR of 32.5% and an all-in sustaining cost of US$1,061 per ounce. The project is fully permitted and located in Matabeleland North province, Zimbabwe. Caledonia plans to fund the project through non-recourse senior debt, internal equity, and flexible instruments, aiming to minimize equity issuance and maximize shareholder value. The project is expected to transform Caledonia into a mid-tier gold producer and contribute significantly to Zimbabwe’s economy.
The most recent analyst rating on (CMCL) stock is a Buy with a $45.00 price target. To see the full list of analyst forecasts on Caledonia Mining stock, see the CMCL Stock Forecast page.
Spark’s Take on CMCL Stock
According to Spark, TipRanks’ AI Analyst, CMCL is a Outperform.
Caledonia Mining’s strong financial performance and reasonable valuation are key strengths, supported by robust revenue growth and profitability. However, technical indicators suggest weak market momentum, and operational challenges highlighted in the earnings call, such as increased costs and a fatality, pose risks. The stock’s overall score reflects a balanced view of these factors.
To see Spark’s full report on CMCL stock, click here.
More about Caledonia Mining
Caledonia Mining Corporation Plc is a company in the mining industry, primarily focused on gold production. It is listed on the NYSE American, AIM, and VFEX exchanges. The company is engaged in gold mining operations and has a significant market focus on expanding its production capabilities, particularly in Zimbabwe.
Average Trading Volume: 293,505
Technical Sentiment Signal: Buy
Current Market Cap: $544.4M
Find detailed analytics on CMCL stock on TipRanks’ Stock Analysis page.