Presented at Mining Forum Americas 2026
Caledonia Mining
- NYSE-ARCA:CMCL
- Producer
- Gold
- St Helier, Jersey
Company profile
Caledonia Mining is a profitable cash generative gold producer with a strong growth profile, Caledonia’s primary asset is the Blanket Mine in Zimbabwe. In 2022 the Company achieved its long-term annual production target of 80,000 ounces.
The Company pays a quarterly dividend of 14 cents a share. The dividend has been increased 7 times & is a 104% increase from 6.875 cents announced in October 2019.
Caledonia is committed to evaluating investment opportunities in Zimbabwe; since November 2021 it has acquired Maligreen, Motapa and Bilboes.
Our vision is to become a multi asset gold producer.
At Mining Forum Americas
Presented in Colorado Springs in 2026
Tuesday, 29 September 2026, 1:50 PM · Bartolin: Stage 3
Presented by Mark Learmonth
CEO & Director
Member companies meet qualified investors in unmediated 1x1 Meetings at every Mining Forum. The 2027 issuer list is published as companies confirm.
Peer groupthe five most similar Denver Gold Group members, 1 = most similar
| Rank | Company | Stage | Minerals | Primary operations | Market cap | 2025 production | Reserves | Match by factor |
|---|---|---|---|---|---|---|---|---|
| This company | Caledonia MiningNYSE-ARCA:CMCL | Producer | Gold | Zimbabwe | $466M | |||
| 1 | Mining Americas Inc.TSX:MAI | Producer | Gold | United States | $476M | 9.165 koz | 0.247 Moz | |
| 2 | Brightstar Resources LimitedASX:BTR | Producer | Gold | Australia | $437M | 15 koz | 1 Moz | |
| 3 | Galiano GoldTSX:GAU | Producer | Gold | Ghana | $551M | 121 koz | 1.97 Moz | |
| 4 | Asante Gold CorporationTSXV:ASE | Producer | Gold | Ghana | $638M | 190 koz | 2.83 Moz | |
| 5 | Amaroq MineralsLSE:AMRQ | Producer | Gold | Greenland | $703M | 6 koz |
close partial distant not reported Dots run in the order market cap, stage, minerals, country, production, reserves. Similarity weighs market capitalisation 25%, stage of development 20%, primary and secondary minerals 20%, primary country of operations 10%, production 12.5% and reserves 12.5%, with sizes compared on a logarithmic scale. Production and reserves are compared only between companies with the same primary mineral, and a figure a company has not supplied is left out of the score instead of counting against it. A statistical grouping for orientation, not a recommendation or a valuation comparison.
Prepared for information only; it is not investment advice or a recommendation. Company data as supplied to Denver Gold Group by member companies and public market sources. Market figures in US dollars as at 20 September 2026.