Caledonia Mining Corp vs Galiano Gold
Galiano Gold is the larger business, with $448m of revenue in fiscal 2025 against $268m for Caledonia Mining Corp (1.7 times as much). Galiano Gold grew faster (93.6% against 46.2%). Caledonia Mining Corp kept more of each dollar of sales as profit: a net margin of 20.6% against -6.5%. Galiano Gold carries less debt relative to equity (0.0% against 12.1%).
| Latest fiscal year | Caledonia Mining CorpCMCL, 2025 | Galiano GoldGAU, 2025 |
|---|---|---|
| Revenue | $268m | $448m |
| Revenue growth | 46.2% | 93.6% |
| Net income | $55.2m | −$29.3m |
| Operating margin | 41.0% | 8.2% |
| Net margin | 20.6% | -6.5% |
| Return on equity | 23.4% | -12.7% |
| Free cash flow | $43.8m | $43.1m |
| Cash | $35.7m | $108m |
| Total debt | $31.4m | $0 |
| Debt to equity | 12.1% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | 5.2% | — |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $368m | $492m |
| Price vs our value range | Below our value range | — |
| Moat score | 67 (Moderate) | — |
| Insider trades, 12 months | 3 buys, 1 sales | 0 buys, 0 sales |