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Lower revenues, higher costs eat into Caledonia profit

Zimbabwe's increased export credit incentive helped offset lower profit

Jacqueline Holman
Caledonia has narrowed full-year production guidance for its Blanket mine in Zimbabwe

Caledonia has narrowed full-year production guidance for its Blanket mine in Zimbabwe

As a result, net profit attributable to shareholders dropped 28.7% on the year to $2.2 million, although the lower gross profit was offset by Zimbabwe's increased export credit incentive (ECI) and lower...

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