The latest update is out from Caledonia Mining ( (CMCL) ).
Caledonia Mining Corporation Plc has announced progress on the Feasibility Study for its Bilboes project, with the timeline extended to explore optimization opportunities that could enhance project economics and reduce capital requirements. The company is considering selling concentrate to lower initial expenditures and relocating the Tailings Storage Facility to reduce costs. Exploration at the adjacent Motapa property has shown promising results, potentially improving the project’s long-term economics. Caledonia is committed to maximizing shareholder value by optimizing Bilboes both technically and financially, while exploring funding options and maintaining discussions with Zimbabwean authorities.
More about Caledonia Mining
Caledonia Mining Corporation Plc is a mining company primarily focused on gold production. It operates in the mining industry with a focus on developing and optimizing gold mining projects, particularly in Zimbabwe.
YTD Price Performance: 19.98%
Average Trading Volume: 50,725
Technical Sentiment Signal: Strong Sell
Current Market Cap: $219.2M
For an in-depth examination of CMCL stock, go to TipRanks’ Stock Analysis page.