Caledonia Mining Corp Plc

CMCL · Gold and Silver Ores · EDGAR filings ↗

Reference price $18.70 — last insider purchase, 2026-06-11 (estimated from the dated SEC Form 4 price — not a live quote)

Grade

C68

Profitable small-cap single-mine gold producer with good returns but concentrated Zimbabwe jurisdiction risk.

ROA 6.6% (78th pct) and ROE 9.8% (67th pct) above sector median; positive FCF (64th pct)
Healthy interest coverage (13.8x) and rising realized gold price lifted revenue ~46%

Single-asset (Blanket Mine) concentration in Zimbabwe with currency, royalty and governance exposure
NYSE American delisting risk and ongoing dilution from equity awards; small cash balance (17.8th pct)

Insider buyingInsider buying — 2 open-market buy(s) by 2 insider(s) (cluster of 2 insiders, ~$591,875, last 6mo) Form 4 ↗
Insider sellingInsider selling — 1 open-market sale(s) by 1 insider(s) (~$343,800, last 6mo) Form 4 ↗

2023-09-30 · $41M2023-12-31 · $39M2024-09-30 · $47M2024-12-31 · $48M

Last 4 quarters · from SEC filings.

Gross margin

42.1%

Operating margin

23.9%

Net margin

12.6%

Return on equity

9.8%

Return on assets

6.6%

Revenue growth (QoQ)

1.4%

Interest coverage

13.8×

Current ratio

1.4×

Free cash flow

$14M

Tangible book value

$234M

Cash & investments

$4M

Date	Insider	Type	Shares	Price
2026-06-11	Gapare Victor	Buy	12K	$18.70
2026-05-18	Ndlovu July	Sell	20K	$17.19
2026-05-13	Ndlovu July	Buy	15K	$24.81
2026-04-01	Jerrard Ross Ian	Grant	2.1K	$22.59
2026-04-01	Learmonth John Mark	Grant	7.1K	$22.59
2026-04-01	Chester Adam David Mark	Grant	2.1K	$22.59

All non-derivative Form 4 activity (SEC), newest first.

Named in the 10-K; linked when we track them.

Form	Filed	Period	Accession
20-F	2026-04-23	2025-12-31	0001104659-26-047739 ↗
20-F	2025-05-16	2024-12-31	0001171843-25-003266 ↗
20-F	2024-05-15	2023-12-31	0001171843-24-002911 ↗
20-F	2023-04-28	2022-12-31	0001171843-23-002682 ↗
20-F	2022-05-17	2021-12-31	0001171843-22-003779 ↗
20-F	2021-03-29	2020-12-31	0001171843-21-002131 ↗
20-F	2020-03-31	2019-12-31	0001171843-20-002175 ↗
20-F	2019-03-28	2018-12-31	0001171843-19-002045 ↗
20-F	2018-04-02	2017-12-31	0001171843-18-002450 ↗
20-F	2017-03-30	2016-12-31	0001199073-17-000223 ↗
20-F	2016-04-04	2015-12-31	0001102624-16-002470 ↗
20-F	2015-03-31	2014-12-31	0001102624-15-000491 ↗