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Caledonia Mining Corp PLC - Zimbabwe-focused gold producer - Pretax profit in the second quarter to June 30 dives to $1.5 million from $18.7 million a year before. Revenue flat at $37.0 million. Production costs increase 43% to $20.7 million from $14.5 million. Further, notes a net foreign exchange loss of $3.6 million compared to a net foreign exchange gain of $4.2 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% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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