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Caledonia Mining Corp PLC - Jersey-registered operator of Blanket gold mine in Zimbabwe - Prices $125 million in convertible senior notes due 2023 with a 5.875% coupon. The private placement with institutional buyers is increased from the originally intended $100 million. The buyers of the notes also have a 13-day option to buy up to $25 million more. The notes will be convertible at $40.51 per share, a 25% premium to the stock’s New York close on Wednesday, starting from January 21, 2030. Caledonia will receive $120.2 million in net proceeds, or $144.4 million if the option is taken up in full. The funds raised will be used to develop the Bilboes gold project in Zimbabwe, which is in development, and for general operations. Current stock price in London: 2,100.00 pence, down 14% on Thursday 12-month change: more than doubled from 770.00p Copyright 2026 Alliance News Ltd. All Rights Reserved.
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