Caledonia Mining (CMCL) Tax Rate (2011 - 2026)
Caledonia Mining's Tax Rate was -26.17% in the quarter ended Jun 30, 2026, up 6.29 percentage points from -32.46% a year earlier and up 4.54 percentage points from the prior quarter.
Caledonia Mining (CMCL) Tax Rate (2011 - 2026) Analysis & Trends
On a trailing twelve-month basis, Caledonia Mining's Tax Rate was -79.20% through Jun 30, 2026, down 41.18 percentage points year-over-year; for the year ended Dec 31, 2025, it was -36.65%, up 6.49 percentage points from the prior year.
- Tax Rate shows a five-year change of -1.43 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Tax Rate was -43.14% in the year ended Dec 31, 2024 (+117.59 pp), -160.73% in the year ended Dec 31, 2023 (-209.32 pp), 48.60% in the year ended Dec 31, 2022 (+87.17 pp) and -38.58% in the year ended Dec 31, 2021 (-3.35 pp).
- The figure for the quarter ended Jun 30, 2026 marks the highest quarterly Tax Rate since the quarter ended Dec 31, 2023.
- Compared with a year earlier, Tax Rate was higher in three of the last five quarters, with an average year-over-year change of -98.72 percentage points.
- The best year-over-year quarter for Tax Rate over five years was the quarter ended Dec 31, 2023 (a gain of 245.32 percentage points); the worst was the quarter ended Jun 30, 2023 (a drop of 1802.38 percentage points).
- Per Business Quant data, CMCL's Tax Rate in the three quarters before the quarter ended Jun 30, 2026 was -30.71% (quarter ended Mar 31, 2026), -269.14% (quarter ended Dec 31, 2025) and -35.35% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 166.15 Bn | 128.95 Bn | - | - |
| 2 | Southern Copper | 145.61 Bn | 120.34 Bn | 3.10 Bn | - |
| 3 | Rio Tinto | 138.54 Bn | 138.54 Bn | - | - |
| 4 | Newmont | 127.15 Bn | 92.29 Bn | 4.22 Bn | 26.14% |
| 5 | Ternium | 100.63 Bn | 93.91 Bn | - | - |
| 6 | Agnico Eagle Mines | 97.48 Bn | 92.69 Bn | - | - |
| 7 | Freeport-Mcmoran | 88.12 Bn | 72.16 Bn | 2.19 Bn | 28.19% |
| 8 | Barrick Mining | 69.35 Bn | 47.84 Bn | 2.90 Bn | 27.90% |
| 9 | Nucor | 59.10 Bn | 48.48 Bn | 2.03 Bn | 21.23% |
| 10 | Caledonia Mining | 412.52 Mn | 193.33 Mn | 39.18 Mn | 26.17% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.17% |
| Dec 31, 2025 | 43.56% |
| Jun 30, 2025 | 32.46% |
| Sep 30, 2024 | 58.35% |
| Jun 30, 2024 | 33.60% |
| Mar 31, 2024 | 54.95% |
| Dec 31, 2023 | 254.97% |
| Sep 30, 2023 | 43.41% |
| Sep 30, 2022 | 35.99% |
| Jun 30, 2022 | 41.35% |
| Mar 31, 2022 | 46.84% |
| Dec 31, 2021 | 50.58% |
| Sep 30, 2021 | 33.57% |
| Jun 30, 2021 | 46.09% |
| Mar 31, 2021 | 28.48% |
| Dec 31, 2020 | 30.33% |
| Sep 30, 2020 | 51.55% |
| Jun 30, 2020 | 43.12% |
| Mar 31, 2020 | 18.33% |
| Dec 31, 2019 | 31.35% |
Caledonia Mining Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=CMCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "CMCL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=CMCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();