Caledonia Mining (CMCL) Operating Expenses (2009 - 2026)
Caledonia Mining (CMCL) posted quarterly Operating Expenses of -$8.9 million for Q1 2026, down 5.66% YoY from -$9.5 million in Q1 2025, and up 70.12% sequentially from -$29.9 million in Q4 2025.
Caledonia Mining (CMCL) Operating Expenses (2009 - 2026) Analysis & Trends
Caledonia Mining has disclosed Operating Expenses across 18 years of filings, most recently posting -$8.9 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 5.66% year-over-year to -$8.9 million; the TTM figure through Mar 2026 stood at -$8.5 billion (down 6.64% YoY), while the FY2025 annual figure was -$4.8 million, up 79.33% from the prior year.
- Operating Expenses improved to -$8.9 million in Q1 2026, from -$29.9 million in the prior quarter.
- Over the last five years, Operating Expenses for CMCL reached as high as $5.5 million in Q3 2022 and fell as low as -$8.4 billion in Q2 2025.
- The 5-year median for Operating Expenses is -$6.7 million (2024), against an average of -$963.9 million.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 1126.74% — and 2024, when it slumped 3497002.65%.
- A 5-year view of Operating Expenses shows it stood at -$4.9 million in 2022, then slumped by 49.75% to -$7.3 million in 2023, then rose by 8.72% to -$6.7 million in 2024, then slumped by 347.11% to -$29.9 million in 2025, then jumped by 70.12% to -$8.9 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered -$8.9 million, -$29.9 million, and -$8.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Barrick Mining | 978.09 Bn | 980.39 Bn | 3.12 Bn | 155.00 Mn |
| 2 | Trx Gold | 189.48 Bn | 189.48 Bn | 21.05 Mn | -7.01 Mn |
| 3 | Newmont | 101.22 Bn | 92.61 Bn | 7.29 Bn | 2.84 Bn |
| 4 | OR Royalties | 53.18 Bn | 53.08 Bn | 88.84 Mn | -19.25 Mn |
| 5 | Wheaton Precious Metals | 50.59 Bn | 48.43 Bn | 699.37 Mn | 89.82 Mn |
| 6 | Aura Minerals | 50.25 Bn | 50.25 Bn | 19.58 Mn | -1.16 Mn |
| 7 | Franco Nevada | 40.21 Bn | 39.50 Bn | 526.30 Mn | 9.20 Mn |
| 8 | Gold Fields | 30.19 Bn | 28.41 Bn | - | - |
| 9 | Kinross Gold | 28.01 Bn | 25.95 Bn | 1.44 Bn | 83.10 Mn |
| 10 | Caledonia Mining | 3.20 Bn | 3.06 Bn | 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 | -8.41 Bn |
| Mar 31, 2025 | -8.46 Mn |
| Dec 31, 2024 | -6.69 Mn |
| Sep 30, 2024 | -8.00 Mn |
| Jun 30, 2024 | -7.90 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 | -4.89 Mn |
| 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 |