Caledonia Mining Closes Sale of Zimbabwean Unit for $22.4 Million

MT Newswires Live

2025/04/14

Caledonia Mining (CMCL) said Monday it completed the sale of its Caledonia Mining Services Zimbabwean unit to CrossBoundary Energy for about $22.4 million in an all-cash deal.

The solar plant will continue to provide electricity to Blanket Mine under an exclusive agreement, Caledonia Mining said.

The company's shares were up 1.7% in recent premarket activity.

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