151. Caledonia applauds flexibility with new gold sales model.
- Subjects
HEAP leaching ,MINES & mineral resources ,GOLD miners ,INFORMATION technology ,PRECIOUS metals ,GOLD markets - Abstract
Caledonia Mining Corporation, Zimbabwe's leading gold miner, has implemented a new sales model that allows miners to sell up to 75 percent of their gold production directly to offshore refiners. This new mechanism reduces the risks associated with relying solely on a single refining source within Zimbabwe and provides the opportunity to utilize more competitive offshore refiners. Caledonia believes that this sales model may also allow them to secure debt funding against offshore gold sales. The company is currently focused on its Bilboes project, a high-grade gold deposit, and its flagship operation, Blanket Mine, which is performing well and on track to meet production goals for 2024. [Extracted from the article]
- Published
- 2024