Caledonia Mining Corp Plc 6-K, filed Dec 30, 2022
Caledonia Mining Corp Plc (CMCL)
About this 6-K
Caledonia Mining Corp Plc filed this 6-K on December 30, 2022.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
Of the Securities Exchange Act of 1934
For the month of December 2022
Commission File Number: 001-38164
CALEDONIA MINING CORPORATION PLC
(Translation of registrant's name into English)
B006 Millais House
Castle Quay
St Helier
Jersey JE2 3EF
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ X ] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
INCORPORATION BY REFERENCE
Exhibit 99.1 included with this report on Form 6-K is expressly incorporated by reference into this report and is hereby incorporated by reference as exhibit to the Registration Statement on Form F-3 of Caledonia Mining Corporation Plc (File No. 333-255500), as amended or supplemented.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| CALEDONIA MINING CORPORATION PLC | ||
| (Registrant) | ||
| Date: December 30, 2022 | /s/ STEVE CURTIS | |
| Steve Curtis | ||
| CEO and Director | ||
EXHIBIT INDEX
| Exhibit Number | Description | |
| 99.1 | Caledonia declares quarterly dividend |
EXHIBIT 99.1
Caledonia declares quarterly dividend
ST HELIER, Jersey, Dec. 30, 2022 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc
(“Caledonia” or the “Company”) (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) is pleased to announce that
the Board of Directors has declared a quarterly dividend of 14 United States cents (US$0.14) on each of the Company's shares.
Commenting on the announcement, Mark Learmonth, Chief Executive Officer, said:
“In January 2022, the Company announced that it was looking to evolve the business with a strategic pivot in the future direction of Caledonia as it pursues its strategy to become a multi-asset gold producer. At that time, we had recently announced the purchase of the Maligreen claims and during the course of the year we made significant advances in this area, culminating in the publication of an updated technical report on Maligreen last month1. In July, we announced that the Company had signed an agreement to purchase Bilboes Gold Limited; and a few months later the Company acquired Motapa Mining Company UK Limited, the ultimate holding company of an exploration project adjacent to Bilboes.
“This was achieved alongside three record quarters of production and we are on track to achieve the top end of our 2022 production guidance of between 73,000 and 80,000 ounces of gold2. The Company has come a long way in the last 12 months as we continue to pursue our strategy of becoming a multi asset gold producer.”
The relevant dates relating to the dividend are as follows:
·
Ex-dividend date VFEX: January 11, 2023
· Ex-dividend date AIM and NYSE: January
12, 2023
· Record date: January 13, 2023
· Payment date: January 27, 2023
Shareholders with a registered address in the UK will be paid in Sterling.
Caledonia's
Dividend Policy
Caledonia's strategy to maximise shareholder value includes a quarterly
dividend policy which the Board adopted in 2014. The Board will consider future increases
in the dividend as appropriate in line with its prudent approach to risk management.
Enquiries:
| Caledonia
Mining Corporation Plc Mark Learmonth Camilla Horsfall | Tel:
+44 1534 679 800 Tel: +44 7817 841 793 |
| Cenkos
Securities plc (Nomad and Joint Broker) Adrian Hadden Neil McDonald Pearl Kellie | Tel:
+44 207 397 1965 Tel: +44 131 220 9771 Tel: +44 131 220 9775 |
| Liberum
Capital Limited (Joint Broker) Scott Mathieson/Kane Collings | Tel: +44 20 3100 2000 |
| BlytheRay
Financial PR (UK) Tim Blythe/Megan Ray | Tel:
+44 207 138 3204 |
| 3PPB
(Financial PR, North America) Patrick Chidley Paul Durham | Tel:
+1 917 991 7701 Tel: +1 203 940 2538 |
| Curate
Public Relations (Zimbabwe) Debra Tatenda | Tel: +263 77802131 |
| IH
Securities (Private) Limited (VFEX Sponsor - Zimbabwe) Lloyd Mlotshwa | Tel: +263 (242) 745 119/33/39 |
Note: This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation (EU) No. 596/2014 (“MAR”) as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
Cautionary
Note Concerning Forward-Looking Information
Information and statements contained
in this news release that are not historical facts are “forward-looking information”
within the meaning of applicable securities legislation that involve risks and uncertainties
relating, but not limited, to Caledonia’s current expectations, intentions, plans,
and beliefs. Forward-looking information can often be identified by forward-looking words
such as “anticipate”, “believe”, “expect”, “goal”,
“plan”, “target”, “intend”, “estimate”, “could”,
“should”, “may” and “will” or the negative of these terms
or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives,
assumptions, intentions or statements about future events or performance. Examples of forward-looking
information in this news release include: production guidance, estimates of future/targeted
production rates, and our plans and timing regarding further exploration and drilling and
development. This forward-looking information is based, in part, on assumptions and factors
that may change or prove to be incorrect, thus causing actual results, performance or achievements
to be materially different from those expressed or implied by forward-looking information.
Such factors and assumptions include, but are not limited to: failure to establish estimated
resources and reserves, the grade and recovery of ore which is mined varying from estimates,
success of future exploration and drilling programs, reliability of drilling, sampling and
assay data, assumptions regarding the representativeness of mineralization being inaccurate,
success of planned metallurgical test-work, capital and operating costs varying significantly
from estimates, delays in obtaining or failures to obtain required governmental, environmental
or other project approvals, inflation, changes in exchange rates, fluctuations in commodity
prices, delays in the development of projects and other factors.
Security holders, potential security holders and other prospective investors should be aware that these statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. Such factors include, but are not limited to: risks relating to estimates of mineral reserves and mineral resources proving to be inaccurate, fluctuations in gold price, risks and hazards associated with the business of mineral exploration, development and mining, risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards, employee relations; relationships with and claims by local communities and indigenous populations; political risk; risks related to natural disasters, terrorism, civil unrest, public health concerns (including health epidemics or outbreaks of communicable diseases such as the coronavirus (COVID-19)); availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining or maintaining necessary licenses and permits, diminishing quantities or grades of mineral reserves as mining occurs; global financial condition, the actual results of current exploration activities, changes to conclusions of economic evaluations, and changes in project parameters to deal with unanticipated economic or other factors, risks of increased capital and operating costs, environmental, safety or regulatory risks, expropriation, the Company’s title to properties including ownership thereof, increased competition in the mining industry for properties, equipment, qualified personnel and their costs, risks relating to the uncertainty of timing of events including targeted production rate increase and currency fluctuations. Security holders, potential security holders and other prospective investors are cautioned not to place undue reliance on forward-looking information. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Caledonia undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law.
This news release is not an offer of the shares of Caledonia for sale in the United States or elsewhere. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the shares of Caledonia, in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such province, state or jurisdiction.
1
Refer to technical report entitled "Caledonia Mining Corporation Plc Updated NI
43-101 Mineral Resource Report on the Maligreen Gold Project, Zimbabwe dated November
3, 2022 prepared by Minxcon (Pty) Ltd and filed on SEDAR (www.sedar.com)
on November 7, 2022.
2 Refer to the technical report entitled “Caledonia
Mining Corporation Plc NI 43-101 Technical Report on the Blanket Gold Mine, Zimbabwe”
dated May 17, 2021 prepared by Minxcon (Pty) Ltd and filed by the Company on SEDAR on May
26, 2021.
Mr Dana Roets (B Eng (Min.), MBA, Pr.Eng., FSAIMM, AMMSA), Chief Operating Officer,
is the Company's qualified person as defined by Canada's National Instrument 43-101 and has
approved any scientific or technical information contained in this news release.