The market has reacted positively to the news from Zimbabwe of the revised Export Credit Incentive, which was announced on 4/4/2018. This saw the incentive rise to 10% (from 2.5%) and will see an additional $5.2m revenue (assuming a $1325/oz gold price) going straight through to the Blanket gold mine this year (WHIe). After allowing for the 5% royalty this is basically a 5% premium to the gold price received by the mine. Zimbabwe is in desperate need of hard currency and this is one way to encou ....
12 Apr 2018
Updated forecasts on back of Export Credit Incentive
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Updated forecasts on back of Export Credit Incentive
Caledonia Mining Corporation PLC (CMCL:LON) | 845 42.3 0.6% | Mkt Cap: 162.2m
- Published:
12 Apr 2018 -
Author:
Paul Smith -
Pages:
4
The market has reacted positively to the news from Zimbabwe of the revised Export Credit Incentive, which was announced on 4/4/2018. This saw the incentive rise to 10% (from 2.5%) and will see an additional $5.2m revenue (assuming a $1325/oz gold price) going straight through to the Blanket gold mine this year (WHIe). After allowing for the 5% royalty this is basically a 5% premium to the gold price received by the mine. Zimbabwe is in desperate need of hard currency and this is one way to encou ....