Farai Mabeza, Senior Staff Writer 
CALEDONIA Mining Corporation Plc says its secondary listing on the Victoria Falls Stock Exchange in late 2021 has seen the gold miner registering an increased proportion of revenues in US dollars.
This comes as the company reported gross revenues of US$35,1 million, up from US$25,7 million recorded in Q1 2021 in its operating and financial results for the quarter ended March 31, 2022.
“This (VFEX revenue), in conjunction with other arrangements, means that we are not accumulating excessive local currency balances. We have a strong, long-term working relationship with the Reserve Bank of Zimbabwe and Fidelity Printers and Refiners and we are delighted that the payment process for gold deliveries and the regulations that manage the flow of funds from Zimbabwe continue to operate smoothly,” Caledonia chief executive Steve Curtis said in a statement accompanying the results.
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