Caledonia Mining Q4 Earnings Call Highlights

On the income statement, Jerrard noted royalties increased to $13.5 million due to higher revenue. He also pointed to a change in the royalty rate framework, explaining that ounces delivered at over $5,000 per ounce “attract an additional 5% royalty charge.” Net foreign exchange losses fell to $3.3 million from $9.7 million, which management tied to improved currency differentials and access to the willing buyer, willing seller market.Consumables: Up 14% due to inflation on reagents and other inputs, plus a ...