Caledonia Mining Corp PlcUSD2.01 SD0000766011falseNRrxp:Taxescountry:ZWsnj:ZW-MScmcl:ZimbabweRevenueAuthorityMembercmcl:BlanketMineProjectMembercmcl:GoldResourceMembercmcl:BlanketSegmentMemberUnderground Miningrxp:Royaltiescountry:ZWsnj:ZW-MScmcl:ZimbabweRevenueAuthorityMembercmcl:BlanketMineProjectMembercmcl:GoldResourceMembercmcl:BlanketSegmentMemberUnderground Miningrxp:Feescountry:ZWsnj:ZW-MScmcl:MinistryOfMinesMembercmcl:BlanketMineProjectMembercmcl:GoldResourceMembercmcl:BlanketSegmentMemberUnderground Miningrxp:Dividendscountry:ZWsnj:ZW-MScmcl:NationalIndigenisationAndEconomicEmpowermentFundMembercmcl:BlanketMineProjectMembercmcl:GoldResourceMembercmcl:BlanketSegmentMemberUnderground Miningrxp:Feescountry:ZWsnj:ZW-MNcmcl:MinistryOfMinesMembercmcl:MotapaProjectMembercmcl:GoldResourceMembercmcl:EAndEProjectsSegmentMemberOpen Pitrxp:Taxescountry:ZWsnj:ZW-MNcmcl:ZimbabweRevenueAuthorityMembercmcl:BilboesOxideMineProjectMembercmcl:GoldResourceMembercmcl:BilboesOxideMineSegmentMemberOpen Pitrxp:Royaltiescountry:ZWsnj:ZW-MNcmcl:ZimbabweRevenueAuthorityMembercmcl:BilboesOxideMineProjectMembercmcl:GoldResourceMembercmcl:BilboesOxideMineSegmentMemberOpen Pitrxp:Feescountry:ZWsnj:ZW-MNcmcl:MinistryOfMinesMembercmcl:BilboesOxideMineProjectMembercmcl:GoldResourceMembercmcl:BilboesOxideMineSegmentMemberOpen Pitrxp:Taxescountry:ZWsnj:ZW-BUcmcl:ZimbabweRevenueAuthorityMembercmcl:CaledoniaHoldingsZimbabwePrivateLimitedProjectMembercmcl:GoldResourceMembercmcl:CorporateSegmentMemberUnderground Miningrxp:Taxescountry:ZAsnj:ZA-GPcmcl:SouthAfricanRevenueAuthorityMembercmcl:CaledoniaMiningSouthAfricaProprietaryLimitedProjectMembercmcl:GoldResourceMembercmcl:SouthAfricaSegmentMemberUnderground Mining0000766011country:ZAcmcl:SouthAfricanRevenueAuthorityMember2025-01-012025-12-310000766011country:ZA2025-01-012025-12-310000766011cmcl:CaledoniaMiningSouthAfricaProprietaryLimitedProjectMember2025-01-012025-12-310000766011cmcl:CaledoniaHoldingsZimbabwePrivateLimitedProjectMember2025-01-012025-12-310000766011country:ZWcmcl:ZimbabweRevenueAuthorityMember2025-01-012025-12-310000766011country:ZWcmcl:MinistryOfMinesMember2025-01-012025-12-310000766011cmcl:MotapaProjectMember2025-01-012025-12-310000766011cmcl:BilboesOxideMineProjectMember2025-01-012025-12-310000766011country:ZWcmcl:NationalIndigenisationAndEconomicEmpowermentFundMember2025-01-012025-12-310000766011country:ZW2025-01-012025-12-310000766011cmcl:BlanketMineProjectMember2025-01-012025-12-31000076601192025-01-012025-12-31000076601182025-01-012025-12-31000076601172025-01-012025-12-31000076601162025-01-012025-12-31000076601152025-01-012025-12-31000076601142025-01-012025-12-31000076601132025-01-012025-12-31000076601122025-01-012025-12-310000766011102025-01-012025-12-31000076601112025-01-012025-12-3100007660112025-01-012025-12-31iso4217:USD

Exhibit 2.01

​

Payments by Government in USD

​

Reporting entity Name: Caledonia Mining Corporation Plc

For the period: 1 January 2025 to 31 December 2025

Reporting currency: U.S. Dollar

​

The below table sets forth our payments made to governments for the fiscal year ended December 31, 2025 by government and type of payment:

​

Segment

Resource

Country

Agency

Taxes

Royalties

Dividends

Fees

Other

Total payments

Notes

Blanket

Gold

Zimbabwe

Zimbabwe Revenue Authority

43,305,474

13,160,208

-

-

-

56,465,683

All amounts are stated in United States Dollar ("USD"):
* Taxes payments were made in USD (USD 23,076,019), Zimbabwean Dollar ("ZWD") (ZWD 533,961,067). Payments made in ZWD were converted from ZWD to USD, respectively by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:26.40 (USD:ZWD) for the ZWD for the year reported on.

​

** Royalties payments were made in USD (USD 7,896,125), ZWD (ZWD 140,031,057) . Payments made in ZWD were converted from ZWD to USD, respectively, by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:26.60 (USD:ZWD) for ZWD for the year reported on.

Gold

Zimbabwe

Ministry of Mines

-

-

-

201,813

-

201,813

All amounts are stated in United States Dollar ("USD"):
* Fee payments were made in Zimbabwean Dollar ("ZWD") (ZWD 5,288,189). Payments made in ZWD were converted from ZWD to USD, respectively by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:26.20 (USD:ZWD) for the ZWD for the year reported on.

Gold

Zimbabwe

National Indigenisation and Economic Empowerment Fund

-

-

1,978,739

-

-

1,978,739

All amounts are stated and paid in United States Dollar ("USD").

E&E Projects

Gold

Zimbabwe

Ministry of Mines

-

-

-

16,500

-

16,500

All amounts are stated in United States Dollar ("USD"):
* Fee payments were made in Zimbabwean Dollar ("ZWD") (ZWD 442,223). Payments made in ZWD were converted from ZWD to USD, respectively by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:26.80 (USD:ZWD) for the ZWD for the year reported on.

Bilboes (Oxide mine)

Gold

Zimbabwe

Zimbabwe Revenue Authority

732,706

271,848

-

-

-

1,004,554

All amounts are stated in United States Dollar ("USD"):
* Taxes payments were made in USD (USD 316,546), Zimbabwean Dollar ("ZWD") (ZWD 10,874,266). Payments made in ZWD were converted from ZWD to USD, respectively by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:26.13 (USD:ZWD) for the ZWD for the year reported on.

** Royalty payments were made in United States Dollar ("USD").

Gold

Zimbabwe

Ministry of Mines

266,183

266,183

All amounts are stated in United States Dollar ("USD"):
* Fee payments were made in Zimbabwean Dollar ("ZWD") (ZWD 7,095,976). Payments made in ZWD were converted from ZWD to USD, respectively by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:26.66 (USD:ZWD) for the ZWD for the year reported on.

Corporate

Gold

Zimbabwe

Zimbabwe Revenue Authority

2,020,250

-

-

-

-

2,020,250

All amounts are stated in United States Dollar ("USD"):
* Taxes payments were made in USD (USD 2,012,344), Zimbabwean Dollar ("ZWD") (ZWD 210,817). Payments made in ZWD were converted from ZWD to USD, respectively by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:26.67 (USD:ZWD) for the ZWD for the year reported on.

Total Zimbabwe

46,058,430

13,432,057

1,978,739

484,495

-

61,953,721

 

South-Africa

Gold

South- Africa

South African Revenue Authority

406,463

406,463

All amounts are stated in United States Dollar ("USD"):
* Taxes payments were made in South African Rand ("ZAR") (ZAR 6,789,504). Payments made in ZAR were converted from ZAR to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of South Africa (https://www.resbank.co.za/en/home/what-we-do/statistics/key-statistics/selected-historical-ratess). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:16.70 (USD:ZAR) for the year reported on.

Total South-Africa

406,463

-

-

-

-

406,463

 

Grand total

46,464,893

13,432,057

1,978,739

484,495

-

62,360,184

 

​

* Rounding of figures may result in computational differences

​

Payments by project in USD

​

Reporting entity Name: Caledonia Mining Corporation Plc

For the period: 1 January 2025 to 31 December 2025

Reporting currency: U.S. Dollar

​

The table below sets forth our payments to governments for the fiscal year ended December 31, 2025 by project and type of payment

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Segment

Resource

Country

Subnational Political Jurisdiction

Project

Method of Extraction

Taxes

Royalties

Dividends

Fees

Other

Total payments

Notes

Blanket

Gold

Zimbabwe

Matabeleland South

Blanket Mine

Underground

43,305,474

13,160,208

1,978,739

201,813

-

58,646,235

All amounts are stated in United States Dollar ("USD"): * Taxes payments were made in USD (USD 23,076,019), Zimbabwean Dollar ("ZWD") (ZWD 533,961,067). Payments made in ZWD were converted from ZWD to USD, respectively by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:26.40 (USD:ZWD) for the ZWD for the year reported on.

** Royalties payments were made in USD (USD 7,896,125), ZWD (ZWD 140,031,057). Payments made in ZWD were converted from ZWD to USD, respectively, by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:26.60 (USD:ZWD) for ZWD for the year reported on.

*** Dividend payments were made in United States Dollar ("USD").

**** Fee payments were made in Zimbabwean Dollar ("ZWD") (ZWD 5,288,189). Payments made in ZWD were converted from ZWD to USD, respectively by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:26.20 (USD:ZWD) for the ZWD for the year reported on.

Corporate

Gold

Zimbabwe

Bulawayo

Caledonia Holdings Zimbabwe (Private) Limited

Underground

2,020,250

-

-

-

-

2,020,250

All amounts are stated in United States Dollar ("USD"): * Taxes payments were made in USD (USD 2,012,344), Zimbabwean Dollar ("ZWD") (ZWD 210,817). Payments made in ZWD were converted from ZWD to USD, respectively by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:26.67 (USD:ZWD) for the ZWD for the year reported on.

Bilboes (Oxide mine)

Gold

Zimbabwe

Matabeleland North

Bilboes (Oxide mine)

Open pit

732,706

271,848

-

266,183

-

1,270,737

All amounts are stated in United States Dollar ("USD"): * Taxes payments were made in USD (USD 316,546), Zimbabwean Dollar ("ZWD") (ZWD 10,874,266). Payments made in ZWD were converted from ZWD to USD, respectively by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:26.13 (USD:ZWD) for the ZWD for the year reported on.

** Royalty payments were made in United States Dollar ("USD").

*** Fee payments were made in Zimbabwean Dollar ("ZWD") (ZWD 7,095,976). Payments made in ZWD were converted from ZWD to USD, respectively by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:26.66 (USD:ZWD) for the ZWD for the year reported on.

E&E Projects

Gold

Zimbabwe

Matabeleland North

Motapa

Open pit

​

​

​

16,500

​

16,500

All amounts are stated in United States Dollar ("USD"): * Fee payments were made in Zimbabwean Dollar ("ZWD") (ZWD 442,223). Payments made in ZWD were converted from ZWD to USD, respectively by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:26.80 (USD:ZWD) for the ZWD for the year reported on.

South-Africa

Gold

South-Africa

Gauteng

Caledonia Mining South Africa Proprietary Limited

Underground

406,463

-

-

-

-

406,463

All amounts are stated in United States Dollar ("USD"): * Taxes payments were made in South African Rand ("ZAR") (ZAR 6,789,504). Payments made in ZAR were converted from ZAR to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of South Africa (https://www.resbank.co.za/en/home/what-we-do/statistics/key-statistics/selected-historical-ratess). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:16.70 (USD:ZAR) for the year reported on.

Total payments

​

46,464,893

13,432,057

1,978,739

484,495

-

62,360,184

​

​

* Rounding of figures may result in computational differences

​