CMCLNYSEGold and Silver OresUS GAAP · USD

Caledonia Mining Corp Plc

Caledonia Mining Corp Plc is a gold mining company incorporated in Jersey with operations centered on Zimbabwe. Its business includes gold production from the Blanket Mine, plus development and exploration of additional gold assets such as Bilboes and related near-mine opportunities.

Liikevaihto268milj. USD
+46,2 %v/v
Liikevoitto (EBIT)110milj. USD
+151,0 %v/v
EBIT-marginaali41,0%
+17,1 %-yks.v/v
Nettotulos55,2milj. USD
+208,5 %v/v
Vapaa kassavirta43,8milj. USD
+202,4 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

0100200300milj. USD2020: 100 milj. USD2020: EBIT 41 milj. USD20202021: 121 milj. USD2021: EBIT 38 milj. USD20212022: 142 milj. USD2022: EBIT 40 milj. USD20222023: 146 milj. USD2023: EBIT 15 milj. USD20232024: 183 milj. USD2024: EBIT 44 milj. USD20242025: 268 milj. USD2025: EBIT 110 milj. USD2025268110
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Gold production80 %

Mining and sale of gold doré and related bullion production from operating mines.

Project development10 %

Technical and funding work to advance the Bilboes gold project and similar assets.

Exploration and evaluation7 %

Drilling, trenching, and geological work to extend mine life and define resources.

Corporate and financing activities3 %

Capital-raising and administrative activities supporting the mining portfolio.

Asiakkaat

The company sells gold output into the precious-metals market rather than to end consumers, so its direct counterparties are typically refiners, traders, and bullion purchasers. Its production profile also ties it to investment demand for gold and to the operational requirements of downstream buyers who need consistent metal supply and quality.

Gold refiners and bullion buyers

Buy dore and refined gold production for further processing or resale.

Traders and metals marketers

Purchase or arrange sale of mine output into the physical gold market.

Capital markets investors

Provide equity capital for mine development, exploration, and working capital.

Technical and project partners

Support geological, engineering, and development work on mine assets.

Strategia

Caledonia’s strategy centers on sustaining and optimizing production at Blanket Mine while progressing Bilboes as a medium- to long-term growth project. The company also emphasizes exploration, operational efficiencies, and disciplined capital allocation to extend its production base and support future growth.

Maximize Blanket Mine performanceLyhyt aikaväli

The operating mine provides the current production base and cash-generation platform.

Advance Bilboes developmentKeskipitkä aikaväli

A new project can expand the production base and diversify mine output over time.

Grow the project pipelineKeskipitkä aikaväli

Exploration and expansion opportunities support longer-term reserve replacement and growth.

Maantiede

Caledonia is headquartered in Jersey, but its operating footprint is concentrated in Zimbabwe, where Blanket Mine and the Bilboes project are located. Its market access is international through NYSE American, AIM, and VFEX listings, while operational risk is heavily tied to Zimbabwean mining conditions, permitting, power, and logistics.

Riskit

The company is exposed to operating risk at a single major mine, development risk on growth projects, and country-specific risk in Zimbabwe. As a gold miner, it also faces commodity-price volatility, power and logistics constraints, permitting and financing risk, and dilution or execution risk when funding new projects.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Zimbabwe country risk1Gold price volatility2Concentration at Blanket Mine3Development and funding risk at Bilboes4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Zimbabwe country riskVaikutus: KorkeaTodennäköisyys: Korkea

    Mining in Zimbabwe exposes the business to permitting, power, currency, and policy uncertainty.

    Kohdistuu: Zimbabwe

  2. Gold price volatilityVaikutus: KorkeaTodennäköisyys: Korkea

    Revenue and project returns depend on the market price of gold.

    Kohdistuu: Gold sales

  3. Concentration at Blanket MineVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Current production is centered on a single operating asset, so disruptions can quickly affect output.

    Kohdistuu: Blanket Mine

  4. Development and funding risk at BilboesVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Project development requires capital, technical execution, and timely funding access.

    Kohdistuu: Bilboes gold project

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition on gold sales

Revenue is tied to the point of sale and delivery of gold, which affects period timing.

Vaikutus: Reported sales can shift with shipment timing

Exploration and development capitalization

Judgment is needed to determine whether project spending is capitalized or expensed.

Vaikutus: Affects asset values and reported earnings

Impairment of mining assets

Mine life, reserve estimates, and gold-price assumptions can trigger write-downs.

Vaikutus: Can materially reduce asset carrying values

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 28.9.2026