Caledonia seeks clarity on gold support price in Zimbabwe

Caledonia Mining has requested clarity from Fidelity Printers & Refiners, in Zimbabwe, regarding a proposed new gold support price.

Caledonia currently sells its gold production, through its Blanket Mine subsidiary, to Fidelity and is contractually entitled to receive a price that is derived from the afternoon price fixed by the London Bullion Market Association (LBMA) the day after the bullion delivered has been assayed.