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.
Copyright © 2018 Financial Gazette. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.
AllAfrica publishes around 800 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.
Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.
Uganda: Museveni Calls IGG, Mutebile to Order(Monitor)Nigeria: We Feel Let Down - Parents of Girl Still Held By Boko Haram(Premium Times)Malawi: Govt Should Keep Promises to Rural Residents, Protect Them From Mining(allAfrica)Zimbabwe: Revealed - The Bitter Harvest for Children Working on Tobacco Farms(HRW)Africa: How About a Fashion Paradigm That Doesn't Pollute?(IPS)Africa: Why Facebook Is the Reason Fake News Is Here to Stay(The Conversation Africa)
