Caledonia Mining Corporation (CMCL)

[NYBob]

Caledonia lauds Govt on gold price -
16 May, 2019 - 00:05



Tawanda Musarurwa

Toronto Stock Exchange-listed and Zimbabwe-focused mining firm,
Caledonia Mining Corporation says it is encouraged by efforts
being made by the Government in improving the country’s business
environment including the recent setting of a new gold support
price.

Last week, Fidelity Printers and Refiners (a subsidiary of the
Reserve Bank of Zimbabwe) announced that it had raised the price
it pays for gold to US$44 000 per kilogram or
US$1 368,55 an ounce.

The new price is a premium of approximately $86 per ounce to the
spot price in London.

“Notwithstanding the challenges experienced in the quarter,
we remain encouraged by the overall direction of policy
development which we believe will result in improved operating
conditions and a better investment climate in Zimbabwe.


https://www.herald.co.zw/caledonia-lauds-govt-on-gold-price/

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