1 insider bought €427k of shares over the last 90 days, the latest by Ndlovu July, filed 17 Aug 2026.
This page follows insider dealings at Caledonia Mining Corp PLC as filed with SEC (Form 4), a company from the Chemicals & Materials sector. The last twelve months, up to 22 October 2026, brought 6 filings signed by 5 insiders.
No insider sold shares on the market over the period. Instead, the filings list 3 purchases totalling €935k, made by 2 insiders. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. The buyers include 2 senior executives. Biggest ticket of the year: €427k, bought by Ndlovu July and made public on 17 August 2026 (0.11% of market cap).
The data flag 1 purchase as part of a group of insiders buying within 30 days of each other. Such overlaps are known as a cluster signal: distinct people reaching the same decision at about the same time. The most recent open-market purchase was published on 17 August 2026, 70 days ago. Typically, a trade is published a median of 2 days after it takes place. The legal deadline for a Form 4 is two business days after the transaction.
With 6 filings in twelve months, the company is quieter than the median of 41 filings across the 2,023 companies we follow on the same exchange. The full history, which starts in 2026, counts 3 purchases against no sales.
In the same sector, recent insider purchases at Verallia and Heidelberg Materials AG also feature in our signals. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Transparent value + quality ranking, distinct from the insider signal.
FY ended December 2025 · cache
6 of 6 declarations
Caledonia Mining Corp PLC is a gold production, exploration and development company listed on the NYSE American in the United States under the ticker CMCL, with additional listings on AIM and the Victoria Falls Stock Exchange. For investors, it is best viewed as a focused junior-to-mid-tier gold producer with a highly concentrated operating footprint in Zimbabwe. That concentration makes the shares a leveraged play on gold prices, but it also means the equity carries meaningful country, regulatory, operating and execution risk tied to Zimbabwe. The company describes its business as centered on gold production, exploration and development, with Blanket Mine historically serving as the core operating asset and primary cash-generating platform. ([caledoniamining.com](https://www.caledoniamining.com/investors/?utm_source=openai))
The corporate history dates back to 1992, when Caledonia Mining Corporation Plc was formed through the amalgamation of three predecessor companies. Over time, the group has evolved into a more focused gold mining platform, emphasizing asset quality, operating discipline and capital allocation rather than broad geographic diversification. Its headquarters are in St. Helier, Jersey, even though the business itself is operationally focused on Zimbabwe; that international structure is relevant for governance, reporting and investor analysis. ([sec.gov](https://www.sec.gov/Archives/edgar/data/766011/000117184325003266/cmcl20241231_20f.htm?utm_source=openai))
In terms of business lines, Caledonia is primarily an unhedged or lightly diversified gold miner rather than a multi-commodity group. Its main revenue engine is gold production, supported by exploration and mine development activities intended to extend mine life and add future ounces. The company’s competitive position depends less on scale than on the quality of its principal asset, its ability to control costs, and its success in advancing development opportunities around the existing portfolio. In 2025, Caledonia also moved to streamline its structure, announcing the sale of its Zimbabwean subsidiary Caledonia Mining Services to CrossBoundary Energy Holdings for pre-tax cash consideration of $22.35 million. That transaction points to a sharper focus on core mining activities and capital efficiency. ([caledoniamining.com](https://www.caledoniamining.com/investors/?utm_source=openai))
Recent developments have also highlighted growth optionality. The company’s investor materials in 2025 referenced the Bilboes project, and the dedicated project page states that after publishing a feasibility study in November 2025, Caledonia implemented a strategic funding plan to advance Bilboes while maintaining financial discipline. This suggests a multi-asset growth strategy layered on top of the existing Blanket operation. For a US-listed company on the NYSE American, CMCL offers investors exposure to gold with a strong operational concentration, a clear development pipeline, and a risk/reward profile shaped by Zimbabwe, project execution and the direction of bullion markets. ([caledoniamining.com](https://www.caledoniamining.com/investors/reports-presentations/?utm_source=openai))
Purchases our model currently ranks for the recommendations list.
All recommendations| Fiscal year end | Revenue | Net income | Diluted EPS | Filing |
|---|---|---|---|---|
| Dec 2024 | 183.0 m USD | 23.1 m USD | 0.91 USD | 20-F |
| Dec 2023 | 146.3 m USD | -4.8 m USD | -0.44 USD | 20-F |
| Dec 2022 | 142.1 m USD | 15.2 m USD | 0.85 USD | 20-F |
| Dec 2021 | 121.3 m USD | 22.0 m USD | 1.40 USD | 20-F |
| Dec 2020 | 100.0 m USD | 23.0 m USD | 1.57 USD | 20-F |
Amounts in USD, as filed (forms 10-K, 20-F or 40-F). Source: SEC EDGAR.