10th Aug 2023 13:55
Caledonia Mining Corp PLC - Zimbabwe-focused gold producer - Pretax profit in the second quarter to June 30 dives to USD1.5 million from USD18.7 million a year before. Revenue flat at USD37.0 million. Production costs increase 43% to USD20.7 million from USD14.5 million. Further, notes a net foreign exchange loss of USD3.6 million compared to a net foreign exchange gain of USD4.2 million a year before. Looking ahead, expects to complete the feasibility study on Bilboes sulphide project to determine the best implementation strategy and financing requirements.
Current stock price: 820.00 pence, down 7.3% on Thursday
12-month change: down 11%
By Tom Budszus, Alliance News reporter
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