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Side-by-side financial comparison of Caledonia Mining Corp Plc (CMCL) and i-80 Gold Corp. (IAUX). Click either name above to swap in a different company.
Caledonia Mining Corp Plc is the larger business by last-quarter revenue ($46.9M vs $21.3M, roughly 2.2× i-80 Gold Corp.). Caledonia Mining Corp Plc runs the higher net margin — 7.0% vs -401.9%, a 408.9% gap on every dollar of revenue.
Hochschild Mining plc is a leading British-based silver and gold mining business operating in North, Central, and South America. It is headquartered in Lima, Peru, with a corporate office in London, is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The main shareholder is the Peruvian businessman Eduardo Hochschild.
i-80 Gold Corp is a mineral exploration and development firm focused on gold and silver asset operations in Nevada, US. It advances high-potential mining projects, using responsible extraction practices to deliver precious metals to global industrial and investment markets.
CMCL vs IAUX — Head-to-Head
Income Statement — Q3 FY2024 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $46.9M | $21.3M |
| Net Profit | $3.3M | $-85.6M |
| Gross Margin | 41.2% | 22.0% |
| Operating Margin | 18.6% | -291.6% |
| Net Margin | 7.0% | -401.9% |
| Revenue YoY | 13.8% | — |
| Net Profit YoY | -33.3% | — |
| EPS (diluted) | $0.13 | $-0.10 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $21.3M | ||
| Q3 25 | — | $32.0M | ||
| Q2 25 | — | $27.8M | ||
| Q1 25 | — | $14.0M | ||
| Q3 24 | $46.9M | $11.5M | ||
| Q2 24 | $50.1M | $7.2M | ||
| Q1 24 | $38.5M | — | ||
| Q4 23 | $38.7M | — |
| Q4 25 | — | $-85.6M | ||
| Q3 25 | — | $-41.9M | ||
| Q2 25 | — | $-30.2M | ||
| Q1 25 | — | $-41.2M | ||
| Q3 24 | $3.3M | $-43.1M | ||
| Q2 24 | $10.2M | $-41.0M | ||
| Q1 24 | $2.1M | — | ||
| Q4 23 | $-2.6M | — |
| Q4 25 | — | 22.0% | ||
| Q3 25 | — | 9.7% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 20.7% | ||
| Q3 24 | 41.2% | -42.7% | ||
| Q2 24 | 45.8% | -171.4% | ||
| Q1 24 | 35.9% | — | ||
| Q4 23 | 27.3% | — |
| Q4 25 | — | -291.6% | ||
| Q3 25 | — | -86.7% | ||
| Q2 25 | — | -67.4% | ||
| Q1 25 | — | -112.3% | ||
| Q3 24 | 18.6% | -210.0% | ||
| Q2 24 | 32.2% | -435.2% | ||
| Q1 24 | 13.8% | — | ||
| Q4 23 | 6.0% | — |
| Q4 25 | — | -401.9% | ||
| Q3 25 | — | -130.8% | ||
| Q2 25 | — | -108.5% | ||
| Q1 25 | — | -293.3% | ||
| Q3 24 | 7.0% | -374.5% | ||
| Q2 24 | 20.3% | -570.8% | ||
| Q1 24 | 5.4% | — | ||
| Q4 23 | -6.7% | — |
| Q4 25 | — | $-0.10 | ||
| Q3 25 | — | $-0.05 | ||
| Q2 25 | — | $-0.05 | ||
| Q1 25 | — | $-0.10 | ||
| Q3 24 | $0.13 | $-0.11 | ||
| Q2 24 | $0.42 | $-0.11 | ||
| Q1 24 | $0.07 | — | ||
| Q4 23 | $-0.19 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $7.2M | $63.2M |
| Total DebtLower is stronger | — | $174.7M |
| Stockholders' EquityBook value | $231.0M | $346.8M |
| Total Assets | $339.7M | $703.4M |
| Debt / EquityLower = less leverage | — | 0.50× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $63.2M | ||
| Q3 25 | — | $102.9M | ||
| Q2 25 | — | $133.7M | ||
| Q1 25 | — | $13.5M | ||
| Q3 24 | $7.2M | $21.8M | ||
| Q2 24 | $15.4M | $47.8M | ||
| Q1 24 | $1.8M | — | ||
| Q4 23 | $6.7M | — |
| Q4 25 | — | $174.7M | ||
| Q3 25 | — | $175.9M | ||
| Q2 25 | — | $175.8M | ||
| Q1 25 | — | $197.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
| Q4 25 | — | $346.8M | ||
| Q3 25 | — | $423.0M | ||
| Q2 25 | — | $463.5M | ||
| Q1 25 | — | $318.0M | ||
| Q3 24 | $231.0M | $346.9M | ||
| Q2 24 | $231.1M | $377.2M | ||
| Q1 24 | $220.3M | — | ||
| Q4 23 | $224.2M | — |
| Q4 25 | — | $703.4M | ||
| Q3 25 | — | $756.2M | ||
| Q2 25 | — | $782.9M | ||
| Q1 25 | — | $659.0M | ||
| Q3 24 | $339.7M | — | ||
| Q2 24 | $338.5M | — | ||
| Q1 24 | $321.8M | — | ||
| Q4 23 | $328.3M | — |
| Q4 25 | — | 0.50× | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.38× | ||
| Q1 25 | — | 0.62× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $4.6M | $-34.3M |
| Free Cash FlowOCF − Capex | — | $-39.2M |
| FCF MarginFCF / Revenue | — | -184.3% |
| Capex IntensityCapex / Revenue | — | 23.1% |
| Cash ConversionOCF / Net Profit | 1.40× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-93.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-34.3M | ||
| Q3 25 | — | $-15.2M | ||
| Q2 25 | — | $-11.3M | ||
| Q1 25 | — | $-22.7M | ||
| Q3 24 | $4.6M | $-23.5M | ||
| Q2 24 | $19.1M | $-24.6M | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
| Q4 25 | — | $-39.2M | ||
| Q3 25 | — | $-18.5M | ||
| Q2 25 | — | $-12.4M | ||
| Q1 25 | — | $-23.1M | ||
| Q3 24 | — | $-23.8M | ||
| Q2 24 | — | $-25.1M | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
| Q4 25 | — | -184.3% | ||
| Q3 25 | — | -57.8% | ||
| Q2 25 | — | -44.7% | ||
| Q1 25 | — | -164.1% | ||
| Q3 24 | — | -206.7% | ||
| Q2 24 | — | -349.1% | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
| Q4 25 | — | 23.1% | ||
| Q3 25 | — | 10.2% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | 2.5% | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | 7.3% | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | 1.40× | — | ||
| Q2 24 | 1.87× | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMCL
Segment breakdown not available.
IAUX
| Granite Creek Mining Company | $20.3M | 95% |
| Ruby Hill Mining Company LLC | $991.0K | 5% |
| Lone Tree Minning Company | $3.0K | 0% |
