Caledonia Mining (CMCL) Tax Rate (2009 - 2026)

Caledonia Mining (CMCL) posted quarterly Tax Rate of 30.71% for Q1 2026, up 657.0% YoY from 4.06% in Q1 2025, and down 170.5% sequentially from 43.56% in Q4 2025.

Caledonia Mining (CMCL) Tax Rate (2009 - 2026) Analysis & Trends

Caledonia Mining has disclosed Tax Rate across 18 years of filings, most recently posting 30.71% for Q1 2026.

  • In Q1 2026, Tax Rate rose 657.0% year-over-year to 30.71%; the TTM figure through Mar 2026 stood at 32.41% (up 121.0% YoY), while the FY2025 annual figure was 36.65%, down 2241.0% from the prior year.
  • Tax Rate retreated to 30.71% in Q1 2026, from 43.56% in the prior quarter.
  • Over the last five years, Tax Rate for CMCL reached as high as 347.33% in Q4 2023 and fell as low as 1761.03% in Q2 2023.
  • The 5-year median for Tax Rate is 30.71% (2026), against an average of 88.92%.
  • Annual changes were most pronounced in 2023 — Tax Rate tumbled 180238 bps — and 2024, when it soared 172743 bps.
  • A 5-year view of Tax Rate shows it stood at 9.65% in 2022, then surged by 3498 bps to 347.33% in 2023, then sank by 112 bps to 40.93% in 2024, then jumped by 206 bps to 43.56% in 2025, then tumbled by 171 bps to 30.71% in 2026.
  • According to Business Quant data, Tax Rate over the past three periods registered 30.71%, 43.56%, and 35.35% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Barrick Mining 978.09 Bn 980.39 Bn 3.12 Bn -22.87%
2 Trx Gold 189.48 Bn 189.48 Bn 21.05 Mn 85.30%
3 Newmont 101.22 Bn 92.61 Bn 7.29 Bn 30.63%
4 OR Royalties 53.18 Bn 53.08 Bn 88.84 Mn -16.06%
5 Wheaton Precious Metals 50.59 Bn 48.43 Bn 699.37 Mn 14.49%
6 Aura Minerals 50.25 Bn 50.25 Bn 19.58 Mn -4.28%
7 Franco Nevada 40.21 Bn 39.50 Bn 526.30 Mn 21.40%
8 Gold Fields 30.19 Bn 28.41 Bn - -
9 Kinross Gold 28.01 Bn 25.95 Bn 1.44 Bn -35.21%
10 Caledonia Mining 3.20 Bn 3.06 Bn 32.10 Mn -30.71%

Historic Data

Download Data
DateValue
Mar 31, 2026 -30.71%
Mar 31, 2026 -30.71%
Dec 31, 2025 43.56%
Dec 31, 2025 43.56%
Sep 30, 2025 -35.35%
Sep 30, 2025 -35.35%
Jun 30, 2025 -32.46%
Jun 30, 2025 -32.46%
Mar 31, 2025 -37.28%
Mar 31, 2025 -37.28%
Dec 31, 2024 -40.93%
Dec 31, 2024 -40.93%
Sep 30, 2024 -58.35%
Sep 30, 2024 -58.35%
Jun 30, 2024 -33.60%
Jun 30, 2024 -33.60%
Mar 31, 2024 54.95%
Mar 31, 2024 54.95%
Dec 31, 2023 347.33%
Dec 31, 2023 347.33%