Caledonia Mining (CMCL) Operating Expenses (2009 - 2026)
Caledonia Mining (CMCL) reported Operating Expenses of -$8.9 million for Q1 2026, down 5.66% year-over-year from -$9.5 million in Q1 2025, and up 70.12% quarter-over-quarter from -$29.9 million in Q4 2025.
Caledonia Mining (CMCL) Operating Expenses (2009 - 2026) Analysis & Trends
Caledonia Mining (CMCL) has 18 years of Operating Expenses data on file, last reported at -$8.9 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at -$8.9 million, down 5.66% year-over-year; the trailing twelve-month figure through Mar 2026 was -$4.4 billion (down 19.65% YoY), and the FY2025 annual result was -$4.8 million, up 78.91% from the prior year.
- Operating Expenses advanced to -$8.9 million in Q1 2026 per CMCL's latest filing, from -$29.9 million in the prior quarter.
- Over five years, Operating Expenses peaked at $5.5 million in Q3 2022 and troughed at -$4.4 billion in Q2 2025.
- A 5-year average of -$475.6 million and a median of -$6.7 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses jumped 1126.74% in 2022, then plunged 1617773.45% in 2024.
- A 5-year view of Operating Expenses shows it stood at -$84250.5 in 2022, then plunged by 8597.55% to -$7.3 million in 2023, then rose by 8.72% to -$6.7 million in 2024, then plunged by 347.11% to -$29.9 million in 2025, then jumped by 70.12% to -$8.9 million in 2026.
- Business Quant data shows CMCL's Operating Expenses at -$8.9 million in Q1 2026, -$29.9 million in Q4 2025, and -$8.3 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Seabridge Gold | 2,186.27 Bn | 2,186.17 Bn | - | -4.48 Mn |
| 2 | Barrick Mining | 996.87 Bn | 999.60 Bn | 3.12 Bn | 155.00 Mn |
| 3 | Wheaton Precious Metals | 410.57 Bn | 409.42 Bn | 699.37 Mn | 76.85 Mn |
| 4 | Alamos Gold | 136.28 Bn | 135.62 Bn | 442.20 Mn | 19.40 Mn |
| 5 | Gold Fields | 128.61 Bn | 126.83 Bn | - | - |
| 6 | Kinross Gold | 103.07 Bn | 100.89 Bn | 1.44 Bn | 83.10 Mn |
| 7 | Newmont | 100.59 Bn | 91.98 Bn | 7.29 Bn | 2.84 Bn |
| 8 | Equinox Gold | 47.64 Bn | 47.14 Bn | - | 300,000.00 |
| 9 | AngloGold Ashanti | 44.52 Bn | 41.55 Bn | 1.94 Bn | 999.00 Mn |
| 10 | Caledonia Mining | 3.10 Mn | -158.05 Mn | 32.10 Mn | -8.94 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -8.94 Mn |
| Dec 31, 2025 | -29.91 Mn |
| Sep 30, 2025 | -8.26 Mn |
| Jun 30, 2025 | -4.36 Bn |
| Mar 31, 2025 | -8.46 Mn |
| Dec 31, 2024 | -6.69 Mn |
| Sep 30, 2024 | -8.00 Mn |
| Jun 30, 2024 | -3.66 Bn |
| Mar 31, 2024 | 1.21 Mn |
| Dec 31, 2023 | -7.33 Mn |
| Sep 30, 2023 | 1.50 Mn |
| Jun 30, 2023 | 226,000.00 |
| Mar 31, 2023 | -3.68 Mn |
| Dec 31, 2022 | -84,250.49 |
| Sep 30, 2022 | 5.46 Mn |
| Jun 30, 2022 | -269,000.00 |
| Mar 31, 2022 | -308,000.00 |
| Dec 31, 2021 | -1.53 Mn |
| Sep 30, 2021 | 445,000.00 |
| Jun 30, 2021 | 454,000.00 |