Caledonia Mining Corporation Plc primarily operates a gold mine in Jersey. It also engages in the exploration and development of mineral properties for precious metals. The company holds a 64% interest in the Blanket Mine, a gold mine located in Zimbabwe. It also owns 100% interests in the Maligreen project, a brownfield gold exploration project located in the Gweru mining …
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Competitive advantage assessment
Key strengths
ROIC Sustainably Above PeersROIC at 83.0th percentile exceeds peers and WACC, demonstrating superior capital allocation.
Margins Stable Across CyclesOperating margin volatility is low (stability score 0.72), demonstrating pricing resilience across cycles.
Key risks
Liquidity ConcernsLiquidity is concerning (score 0.28), raising questions about short-term obligations.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Caledonia Mining Corporation Pl ranks #17 of 49
scored companies in Gold by moat score — the top 35%.
The widest moat in the group is Agnico Eagle Mines Limited (AEM)
at 78/100.
Moat scores for companies ranked near CMCL in Gold
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 50
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 68
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 78
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 46
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 49
· 15% of the moat score
Scale matters only when it converts into economics.
What is Caledonia Mining Corporation Pl's moat score?
Caledonia Mining Corporation Pl (CMCL) scores 60 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #17 of 49 scored companies in Gold, the top 35%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 48 companies in Gold. Its strongest defense is Capital Efficiency (78/100) and its weakest is Resilience (46/100).
How does Caledonia Mining Corporation Pl compare with other Gold companies?
Caledonia Mining Corporation Pl ranks #17 of 49 scored companies in Gold by moat score. The widest moat in Gold is Agnico Eagle Mines Limited (AEM) at 78/100. The companies ranked closest are Centerra Gold Inc. (CGAU) at 60 just above it and Coeur Mining, Inc. (CDE) at 58 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 48 companies in Gold. The defenses are then weighted to produce the overall score out of 100.
Why is Caledonia Mining Corporation Pl scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Caledonia Mining Corporation Pl?
The Corporate Default template measures 6 defenses, and CMCL scores: Pricing Power (66), Cost Advantage (50), Customer Stickiness (68), Capital Efficiency (78), Resilience (46), Scale & Market Position (49). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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