Exhibit 99.2 CALEDONIA MINING CORPORATION PLC November 11, 2021 Management's Discussion and Analysis This management's discussion and analysis ("MD&A") of the consolidated operating results and financial position of Caledonia Mining Corporation Plc ("Caledonia" or the "Company") is for quarter ended September 30, 2021 ("Q3 2021" or the "Quarter"). It should be read in conjunction with the Unaudited Interim Financial Statements of Caledonia for the Quarter (the "Unaudited Interim Financial Statements") which ...