Caledonia Mining has announced it is commencing the process of pursuing a listing of depositary receipts representing the company’s shares on the Victoria Falls Stock Exchange (VFEX).
Such a listing would be conditional upon market conditions and the implementation of positive proposals made by the Zimbabwe authorities in respect of improved payments in US dollars for gold produced at the company’s majority-owned Blanket Mine.
Caledonia Mining Corporation plc (LON:CMCL) is a profitable cash generative gold producer with a strong growth profile, Caledonia’s primary asset is the Blanket Mine in Zimbabwe.