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CMCL on NYSE

Caledonia Mining Corp Plc

Caledonia Mining Corp Plc is a gold and Silver Ores company, listed on NYSE (CMCL).1

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Last updated Oct 21, 2026.

Overview

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  • TickerCMCL on NYSE1
  • IndustryGold and Silver Ores1
  • Business address2 Mulcaster Street, St Helier, Je2 3Nj2
  • Filer categoryAccelerated filer2

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Caledonia Mining Corporation Plc (previously Caledonia Mining Corporation) was incorporated, effective February 5, 1992, by the amalgamation of three predecessor companies and was registered at the time under the Canada Business Corporations Act.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

42.1%Gross margin4
23.9%Operating margin4
12.6%Net margin4
25.1%Revenue growth, 20244
9.8%Return on equity4
0.01×Debt to equity4
$14.5MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Blanket Mine [member] brought in 91% of the revenue Caledonia Mining Corp Plc broke down this way in fiscal 2025.

  1. Blanket Mine [member]$262.2M591%up 46% from 2024
  2. South African operations [member]$20.3M57%up 5% from 2024
  3. Bilboes Gold [member]$5.4M52%up 49% from 2024
Business segments by year
Business segments202320242025
Blanket Mine [member]$140.6M$179.4M$262.2M
South African operations [member]$17.6M$19.3M$20.3M
Bilboes Gold [member]$5.7M$3.6M$5.4M

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue44¢$80.7M
  • Other costs32¢$58.6M
  • Interest2¢$3.2M
  • Income tax10¢$17.5M
  • Profit13¢$23.1M

Out of $183.0M in revenue.4

Where each dollar of operating cash went, fiscal 2024

  • Capital spending65¢$27.5M
  • Dividends paid29¢$12.3M
  • Kept or used elsewhere5¢$2.2M

Out of $42.0M of cash from operations.4

Financial statements

Revenue64$183.0M in 2024+168% since 2018
0$50.0M$100.0M$150.0M$200.0M2018: $68.4M$68.4M20182019: $75.8M$75.8M2019+11%2020: $100.0M$100.0M2020+32%2021: $121.3M$121.3M2021+21%2022: $142.1M$142.1M2022+17%2023: $146.3M$146.3M2023+3%2024: $183.0M$183.0M2024+25%
Gross profit64$77.0M in 2024+257% since 2018
0$20.0M$40.0M$60.0M$80.0M2018: $21.6M$21.6M20182019: $31.1M$31.1M2019+44%2020: $46.7M$46.7M2020+50%2021: $54.1M$54.1M2021+16%2022: $61.8M$61.8M2022+14%2023: $41.5M$41.5M2023−33%2024: $77.0M$77.0M2024+86%
Operating income64$43.7M in 2024+104% since 2018
0$20.0M$40.0M$60.0M2018: $21.4M$21.4M20182019: $36.8M$36.8M2019+72%2020: $35.9M$35.9M2020−3%2021: $36.1M$36.1M2021+1%2022: $30.2M$30.2M2022−16%2023: $11.0M$11.0M2023−64%2024: $43.7M$43.7M2024+299%
Net income64$23.1M in 2024+68% since 2018
-$10.0M0$10.0M$20.0M$30.0M2018: $13.8M$13.8M20182019: $25.7M$25.7M2019+87%2020: $23.0M$23.0M2020−10%2021: $22.0M$22.0M2021−5%2022: $15.2M$15.2M2022−31%2023: -$4.8M-$4.8M20232024: $23.1M$23.1M2024

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Revenue$267.7M$183.0M$146.3M
Royalty-$13.5M-$9.3M-$7.6M
Production costs-$101.3M-$80.7M-$82.7M
Depreciation-$15.7M-$16.0M-$14.5M
Gross profit$137.1M$77.0M$41.5M
Net foreign exchange loss-$3.3M-$9.7M-$6.8M
Administrative expenses-$20.5M-$15.7M-$17.4M
Fair value loss on derivative financial instrument-$6.4M-$831.0K-$1.1M
Equity-settled share-based expense-$203.0K-$1.1M-$640.0K
Cash-settled share-based expense-$839.0K-$201.0K-$463.0K
Other expenses-$5.1M-$6.9M-$4.4M
Other income$248.0K$1.1M$263.0K
Profit on the sale of non-current assets held for sale$8.5M
Operating profit$109.6M$43.7M$11.0M
Finance income$461.0K$26.0K$39.0K
Finance cost-$3.5M-$3.2M-$3.0M
Profit before tax$106.6M$40.5M$8.0M
Tax expense-$39.1M-$17.5M-$12.8M
Profit (loss) for the year$67.5M$23.1M-$4.8M
Exchange differences on translation of foreign operations$1.1M-$116.0K-$622.0K
Owners of the Company$55.2M$17.9M-$7.9M
Non-controlling interests$12.3M$5.2M$3.0M
Owners of the Company$56.3M$17.8M-$8.5M
Non-controlling interests$12.3M$5.2M$3.0M
Total comprehensive income for the year$68.6M$22.9M-$5.5M
Basic earnings (loss) per share ($) (in dollars per share)$2.83$0.91-$0.44
Diluted earnings (loss) per share ($) (in dollars per share)$2.83$0.91-$0.44

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Corporate structure

Caledonia Mining Corp Plc sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Caledonia Mining Corp Plc

  • BlackRock Filed SCHEDULE 13G on Caledonia Mining Corp Plc, latest Jul 27, 2026 (3 filings since Oct 17, 2025)
  • SHINING CAPITAL MANAGEMENT LTD. Filed SCHEDULE 13G/A on Caledonia Mining Corp Plc, latest Nov 28, 2025 (2 filings since Feb 10, 2023)
  • Toziyana Trust Filed SC 13D on Caledonia Mining Corp Plc, latest Jan 17, 2023
  • Carl Roland Jonsson Filed SC 13G/A on Caledonia Mining Corp Plc, latest Apr 27, 2022
  • Caledonia Mining Corp Plc

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Caledonia Mining Corp Plc reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$189.5M4 Dec 31, 2024$179.6M4 Dec 31, 2023+5.5%
Operating-lease assets (leased space)$288.0K4 Dec 31, 2024$156.0K4 Dec 31, 2023+84.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$4.3M4 Dec 31, 2024$6.7M4 Dec 31, 2023−36.5%

Inventory

ItemLatestA year beforeChange
Inventory, total$23.8M4 Dec 31, 2024$20.3M4 Dec 31, 2023+17.1%

Leadership

Who has led Caledonia Mining Corp Plc, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. John Mark Learmonth2026–now

Chief financial officer

  1. Ross Ian Jerrard2026–now
Board members and other officers (11)

Former names

  • CALEDONIA MINING CORPJun 16, 2003 to Jan 16, 20182

Timeline

  1. Mar 18, 2026New chief executive John Mark Learmonth becomes CEO11

Calendar

Coming up

  1. Nov 9, 2026Reports results for the quarter ending Sep/202622

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

362 filings to the SEC since October 2021: 5 annual reports, 19 insider forms, 7 large holders, 331 other. The latest 20:

  1. Oct 15, 20266-K EDGAR
  2. Oct 13, 20266-K CURRENT REPORT EDGAR
  3. Oct 9, 20266-K EDGAR
  4. Sep 28, 20266-K EDGAR
  5. Sep 24, 20266-K EDGAR
  6. Sep 23, 20266-K EDGAR
  7. Sep 22, 20266-K EDGAR
  8. Sep 21, 2026SD EDGAR
  9. Sep 14, 20266-K EDGAR
  10. Aug 28, 20266-K EDGAR
  11. Aug 28, 20266-K EDGAR
  12. Aug 17, 20264 PRIMARY DOCUMENT EDGAR
  13. Aug 17, 20266-K EDGAR
  14. Aug 10, 20266-K EDGAR
  15. Aug 10, 20266-K EDGAR
  16. Aug 6, 20266-K/A AMENDMENT NO. 1 EDGAR
  17. Jul 31, 20266-K EDGAR
  18. Jul 28, 20266-K EDGAR
  19. Jul 27, 2026SCHEDULE 13G EDGAR
  20. Jul 23, 20266-K CURRENT REPORT EDGAR

The 362 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

4 open-market trades by officers, directors and large owners since October 2021: 3 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 13, 2026Ndlovu JulyDirectorBuy21,400$23.03$492.8KForm 4
Jun 11, 2026Gapare VictorDirectorBuy11,750$18.70$219.7KForm 4
May 18, 2026Ndlovu JulyDirectorSale20,000$17.19$343.8KForm 4
May 13, 2026Ndlovu JulyDirectorBuy15,000$24.81$372.1KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Caledonia Mining Corp Plc is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCaledonia Mining Corp Plc1
  • CIK0000766011
  • Filer statusAccelerated filer not an emerging growth company; not a shell company3
  • Incorporated inJersey3
  • Fiscal year endsDecember 311
  • Industry code (SIC)1040 Gold and Silver Ores1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address2 Mulcaster Street, St Helier, Jersey JE2 3NJ, United Kingdom1
  • Phone4477978241641
  • Shares outstanding19,304,784 shares as of Dec 31, 20253
  • AuditorBDO South Africa Incorporated, Johannesburg, Gauteng, South Africa PCAOB ID 1368; it also attests to the company’s internal control over financial reporting3
  • On EDGAR sinceJun 16, 20031
  • Filings997 in all: 6-K (855), CORRESP (26), 20-F (24), UPLOAD (24), 3 (12), 6-K/A (11), 4 (7), 20-F/A (6)1
    All 23 form types

    NT 20-F (4), 424B5 (3), EFFECT (3), F-3 (3), SC 13G (3), SC 13G/A (3), SD (3), SCHEDULE 13G (2), SCHEDULE 13G/A (2), 8-A12B (1), ARS (1), CERTNYS (1), F-3/A (1), FWP (1), SC 13D (1)

  • Latest filingsAnnual report (20-F) Apr 23, 2026

Securities registered for trading

ClassSymbolExchange
Common Shares, no par valueCMCLNYSE American

From the cover page of the 20-F filed Apr 23, 2026 (Section 12(b) of the Exchange Act).3

Sources

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