5 April 2018

Zimbabwe: Caledonia Eyes $5m Income Increase

Zimbabwe-focused gold miner, Caledonia, says it anticipates an increase in income during the current financial year, driven by a 7,5 percentage point increase in export incentives paid to gold miners by the central bank.

The New York and Canadian Stock Exchange-listed firm's chief executive officer, Steve Curtis, yesterday said the additional income projection was based on the assumption that the gold price would remain at $1 260 per ounce this year.

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