Caledonia Mining Corporation Plc (CMCL)
:CMCL
Earnings Data
Report Date
May 18, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.67Last Year’s EPS
0.59Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted a very strong year of financial results driven by a higher gold price, successful capital raising (convertible), improved liquidity, active hedging and clear progress on the Bilboes project and exploration (Motapa and deep Blanket drilling). These positives were balanced by operational challenges: a fatal safety incident prompting a company-wide review, temporary lower grades and recovery, material increases in labor/consumable/power costs, derivative mark-to-market volatility, and sizable near-term CapEx and remaining debt financing needs for Bilboes. Management presented mitigations (safety program, shift changes to boost throughput and build stockpiles, major infrastructure upgrades such as 132 kV line and AC–DC conversion) and a funded staging strategy, but execution and timing risk for large project spend and potential upward pressure on AISC remain.Company Guidance
Strong Financial Performance
Revenue up 46% to $267,000,000; gross profit up 78% to $137,000,000; EBITDA up ~109% to $125,300,000; profit after tax up ~200% to $67,500,000; earnings per share $2.83 (up >200%).
Significant Free Cash Flow and Improved Liquidity
Operating cash flow $105,000,000 (up 90%); healthy free cash flow of $62,000,000 (up ~483%); net increase in cash $32,000,000; cash on hand $35,700,000 and total available liquidity including bullion/receivables/fixed deposits of ~ $55,000,000.
Successful Capital Raise and Hedging to Underwrite Growth
Completed $150,000,000 convertible note offering (net ~$130,000,000); put options (three-year floor) at $3,500/oz to underwrite Bilboes funding and earmark ~$200,000,000 of future Blanket cash flows (higher at elevated gold prices).
Bilboes Project: Approvals, Funding Plan and Attractive Economics
Board-approved project with IRR cited at 32.5% (at $1,548/oz reference); capital cost ~$485,000,000 (total funding package ~ $600,000,000 including interest & WC); first pour targeted end-2028 and full production ~2029 (~200,000 oz/year peak); staged funding plan underway (convertible proceeds, interim $150M facility negotiations, and project finance).
Exploration Progress and Resource Upside
Motapa: ~30,000 m surface drilling in 2024–25 and maiden resource estimate expected Q2 2026; Blanket: drilling added more tonnes than depleted in Q4, promising deep-hole results with potential to extend resources to ~42 Level and upgrade inferred resources.
Operational Stability and Capacity Utilization
Mill throughput stable at near-capacity (~820,000 tonnes/year) with consistent plant availability; Blanket produced 76,000 oz in 2025 and sold 77,000 oz.
Balance of Returns to Stakeholders
Delivered substantial local and shareholder distributions over nine years (over $250,000,000 to local stakeholders referenced as 'a quarter of $1,000,000,000' across nine years); declared quarterly dividend $0.14/share and $60,000,000 dividends declared from Blanket in 2025 (timing differences on cash).
Reduced FX Losses and One-off Asset Realization
Net foreign exchange losses reduced from $9.7M to $3.3M; realized profit on solar plant sale of $8.5M (capital gains tax impact ~ $2.0M included in 2025 tax expense).
CMCL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CMCL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 23, 2026 | $21.31 | $22.14 | +3.87% |
Nov 10, 2025 | $27.03 | $28.39 | +5.05% |
Aug 11, 2025 | $22.97 | $21.02 | -8.52% |
May 12, 2025 | $13.66 | $13.65 | -0.07% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Caledonia Mining Corporation Plc (CMCL) report earnings?
Caledonia Mining Corporation Plc (CMCL) is schdueled to report earning on May 18, 2026, TBA (Confirmed).
What is Caledonia Mining Corporation Plc (CMCL) earnings time?
Caledonia Mining Corporation Plc (CMCL) earnings time is at May 18, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CMCL EPS forecast?
CMCL EPS forecast for the fiscal quarter 2026 (Q1) is 0.67.