CALEDONIA Mining Corporation (Caledonia) is upbeat on the stability seen in Zimbabwe over the past year, which allowed it to set a new production record at Blanket Mine during the quarter ended June 30, 2021, leading to a 31 percent increase in revenues.
After suffering its second episode of hyperinflation in 2020, the southern African nation’s economy has been relatively stable for more than 12 months now, with inflation falling from a peak of 838 percent last July to 56 percent last month.
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Caledonia chief executive Steve Curtis
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