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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Caledonia Mining Corporation Plc | LSE:CMCL | London | Ordinary Share | JE00BF0XVB15 | COM SHS NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 810.00 | 800.00 | 820.00 | 810.00 | 810.00 | 810.00 | 525 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | 135.02M | 17.9M | 0.9329 | 10.86 | 194.39M |
TIDMCMCL
Caledonia Mining Corporation PLC
01 December 2016
Caledonia Mining Corporation Plc
Confirmation of Arrangements for the
Sale of Gold
(TSX: CAL, OTCQX: CALVF, AIM: CMCL)
1 December, 2016: Caledonia Mining Corporation Plc ("Caledonia" or the "Company") confirms that, following the recent introduction of "Bond Notes" by the Reserve Bank of Zimbabwe ("RBZ"), there is no change to the settlement system in place for Blanket Mine in Zimbabwe for its gold sales.
Since January 2014, Blanket has sold all of its gold production to Fidelity Printers and Refiners Limited ("Fidelity"), which is a subsidiary of the RBZ. Blanket has received all sale proceeds within 48 hours of delivery to Fidelity in US dollars at a price which is 98.75% of the London afternoon "fix" on the day after delivery to Fidelity.
In terms of its continuing disclosure obligations, Caledonia would announce any change in the terms on which Blanket sells its gold production.
For further information please contact:
Caledonia Mining Corporation WH Ireland Plc Adrian Hadden/Nick Prowting Mark Learmonth - CFO Tel: +44 20 7220 1751 Tel: +44 1534 702 998 marklearmonth@caledoniamining.com Maurice Mason - Investor Blytheweigh Relations Tim Blythe/Camilla Horsfall/Megan Tel: +44 759 078 1139 Ray mauricemason@caledoniamining.com Tel: +44 20 7138 3204
This information is provided by RNS
The company news service from the London Stock Exchange
END
NRAEAXFEDSXKFFF
(END) Dow Jones Newswires
December 01, 2016 02:01 ET (07:01 GMT)
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