Caledonia Mining Corp. PLC CMCL

What this company does

Caledonia Mining Corporation Plc operates a gold mine and explores and develops mineral properties for precious metals, with its activities focused on Zimbabwe. Total gold production at Blanket Mine was 76,213 oz in 2025, compared with 76,656 oz in 2024. Over the last three years, 100% of Blanket's revenues have been derived from its operations in Zimbabwe. On July 21, 2022, Caledonia agreed to purchase Bilboes Gold, the parent company that owns, through its Zimbabwe subsidiary Bilboes Holdings, the Bilboes Project, a gold deposit located approximately 75 km north of Bulawayo, Zimbabwe. The Motapa exploration property, which the company acquired on November 1, 2022 through the purchase of Motapa Mining Company UK Limited, is contiguous to the Bilboes Project and is covered by a mining lease of approximately 2,200 hectares. Caledonia Mining Corporation Plc 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. The company re-domiciled from Canada to Jersey using a legal process called "Continuance" on March 19, 2016, and operates under the Companies (Jersey) Law 1991, as amended.

Written from the business description in Caledonia Mining Corp Plc's annual report to the U.S. Securities and Exchange Commission, filed 23 April 2026. Every sentence was checked against that document before publication.