Caledonia Mining Corporation (CMCL)

[NYBob]

Caledonia Mining to see substantial earnings increase from Zimbabwe tax boost -
09:11 04 Apr 2018

Steve Curtis discusses with Proactive's Andrew Scott the impact on
Caledonia Mining Corporation PLC (LON:CMCL TSX:CAL) from changes
in Zimbabwe’s export credit rules.

The Reserve Bank of Zimbabwe raised the Export Credit Incentive (ECI)
paid to all gold miners to 10% from 2.5% in February.

Assuming gold remains at US$1,260 per oz, the benefit to Caledonia -
which owns 49% and runs the Blanket gold mine - might be
an extra US$5.1mln over the full year to December.

https://www.youtube.com/watch?time_continue=4&v=tYHAaCq9R5o

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