BlackRock, the world’s largest asset manager with market capitalisation of over US$169 Billion, has reported a change in its shareholding in Caledonia Mining Corporation Plc, a Zimbabwe-listed gold producer that is also listed on the New York Stock Exchange, crossing a regulatory threshold that requires disclosure.
According to a notice released on March 30, 2026, Caledonia said it received notification from BlackRock on March 27 that the threshold had been crossed a day earlier, on March 26, in line with the AIM Rules for Companies governing major shareholding disclosures.
The notification indicates that BlackRock’s total interest in Caledonia now stands at 6.55% of voting rights, equivalent to 1,265,920 shares.
This comprises 5.18% held directly through shares and 1.37% through financial instruments, including securities lending arrangements and contracts for difference (CFDs).
The latest position reflects only a marginal change from BlackRock’s previous holding of 6.56%, although the composition of that stake has shifted. Direct shareholding increased from 4.93% to 5.18%, while exposure through financial instruments declined from 1.63% to 1.37%.
The disclosure was made as part of standard regulatory requirements triggered when an investor’s voting rights cross specific thresholds.
Caledonia Mining Corporation, which is also listed on London’s AIM market and the Victoria Falls Stock Exchange (VFEX), said the notification was received in the ordinary course of compliance reporting.
Last week, Caledonia Mining Corporation Plc reported a 46% increase in revenue to US$267.7 million for the financial year ended December 31, 2025, driven by higher gold prices and stable production.
Gold sales rose modestly to 79,075 ounces, while the average realised gold price surged to US$3,383 per ounce, underpinning strong financial performance, improved profitability and robust cash generation.
The group recorded significant gains across key earnings metrics, with gross profit nearly doubling to US$137.1 million and EBITDA rising sharply to US$125.3 million.
Profit after tax jumped 193% to US$67.5 million, while net cash from operating activities increased to US$76.2 million and free cash flow climbed to US$62.1 million.
The balance sheet strengthened notably, with the company ending the year in a net cash position of US$23.8 million compared to a net debt position in 2024.
Operationally, Blanket Mine maintained steady output at 76,213 ounces, with additional contributions from the Bilboes oxide operation.
The company also advanced its growth strategy, completing a feasibility study for the Bilboes sulphide project and continuing exploration at Motapa.
Looking ahead, Caledonia expects 2026 production at Blanket Mine to range between 72,000 and 76,500 ounces, as it targets becoming a multi-mine producer while maintaining operational stability and financial flexibility.
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