Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Caledonia Mining ( (CMCL) ) has shared an update.
Caledonia Mining says Zimbabwe’s government has softened previously proposed tax and royalty changes for gold miners in the 2026 national budget, significantly reducing potential financial pressure on the company’s local operations. The royalty rate hike to 10% will now only trigger if gold prices exceed US$5,000 per ounce rather than US$2,500, while planned restrictions on upfront tax deductibility of capital expenditure and a proposed 15% withholding tax on interest from offshore loans have been withdrawn—an important outcome for the debt-funded Bilboes Gold Project. The revised measures, expected to be enacted before year-end, mean Caledonia anticipates no change to the financial outlook for its Zimbabwean asset portfolio at prevailing gold prices, and management says the shift underscores government support for the mining sector and future project development.
More about Caledonia Mining
Caledonia Mining Corporation Plc is a gold mining company with operations and a portfolio of assets in Zimbabwe. The company focuses on producing and developing gold projects in the country, including the Bilboes Gold Project, and is listed on the NYSE American, AIM and the Victoria Falls Stock Exchange.
Find detailed analytics on CMCL stock on TipRanks’ Stock Analysis page.