Caledonia Mining ( (CMCL) ) has issued an update.
Caledonia Mining Corporation Plc has completed the sale of its 12.2MWac solar plant in Zimbabwe to CrossBoundary Energy Holdings for $22.35 million. This sale aligns with Caledonia’s strategy to focus on its core gold mining business while maintaining a reliable renewable energy source for Blanket Mine through an exclusive power purchase agreement. The transaction strengthens Caledonia’s cash position, allowing for capital reallocation towards growth and expansion in its gold mining operations.
More about Caledonia Mining
Caledonia Mining Corporation Plc is a company operating in the gold mining industry, primarily focused on gold mining operations. The company is known for its operations in Zimbabwe, particularly the Blanket Mine, and has been involved in renewable energy projects to support its mining activities.
YTD Price Performance: 38.34%
Average Trading Volume: 62,581
Technical Sentiment Signal: Strong Sell
Current Market Cap: $248.3M
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