Caledonia Mining’s Largest Shareholder Increases Stake to 12.66%

An update from Caledonia Mining ( (CMCL) ) is now available.

Caledonia Mining has disclosed that Toziyana Resources Limited, the company’s largest shareholder, purchased 7,457 Caledonia common shares on 22 December 2025 at a price of $26.83 per share. As a result of this transaction, executive director Victor Gapare, who is the settlor of the discretionary trust that ultimately owns Toziyana, now has an indirect interest representing 12.66% of Caledonia’s issued share capital, signalling further consolidation of insider-backed ownership in the group.

More about Caledonia Mining

Caledonia Mining Corporation Plc is a precious metals producer listed on the NYSE American, AIM and the Victoria Falls Stock Exchange, with its primary business focused on gold mining and related resources in Zimbabwe and the broader African region. The company’s shareholder base includes significant strategic investors, among them Toziyana Resources Limited, its largest shareholder.

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