Caledonia Mining Corp plc cash flow statement

In fiscal 2025, Caledonia Mining Corp plc's operations generated $76.2m of cash; it spent $32.5m on capital projects, leaving free cash flow of $43.8m. It returned $19.9m in dividends.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Caledonia Mining Corp plc: cash flow statement, annual
Fiscal year	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	7	23	25	18	18	31	31	43	15	42	76
Depreciation and amortisation	3	3	4	4	4	5	8	10	14	16	16
Capital spending	17	20	22	20	20	25	32	41	29	27	32
Free cash flow	−10	3	3	−3	−2	6	−1	1	−14	14	44
Dividends paid	3	3	3	3	3	5	8	9	11	12	20

US$ thousands unless shown otherwise. Fiscal quarters.

Caledonia Mining Corp plc: cash flow statement, quarterly
Quarter	2022 Q4Dec 2022	2023 Q1Mar 2023	2023 Q2Jun 2023	2023 Q3Sept 2023	2023 Q4Dec 2023	2024 Q1Mar 2024	2024 Q2Jun 2024	2024 Q3Sept 2024
Depreciation and amortisation	2,769	2,255	3,409	4,385	4,437	3,819	4,239	4,048

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

Compare with peers

Head to head: CMCL vs OR CMCL vs ITRG CMCL vs DRD

More: Gold stocks compared, Materials sector, rankings of US companies

Figures from Caledonia Mining Corp plc's SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Caledonia Mining Corp plc.