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Caledonia gets lucky break on 2018 profit

Zimbabwe’s higher export credit incentive (ECI) came at the right time for Caledonia Mining (AIM:CMCL), boosting its net profit last year while production fell and costs rose.

Caledonia gets lucky break on 2018 profit Caledonia gets lucky break on 2018 profit Caledonia gets lucky break on 2018 profit Caledonia gets lucky break on 2018 profit Caledonia gets lucky break on 2018 profit

Caledonia plans to increase gold production at the Blanket mine in Zimbabwe to 80,000ozpa by 2022

The ECI increased from 2.5% to 10% of revenues from February 2018.

Caledonia's net profit attributable to shareholders rose 14.7% year-on-year to US$10.