Caledonia Mining profits hit by one-off costs

Caledonia Mining warned that one-off costs will mean a reduction in profits this year even with a strong production performance from its Blanket gold mine in Zimbabwe. Full-year production for 2023 was 75,416 ounces of gold with revenues in line with expectations, but increased costs and several significant one-off charges in the final quarter of the year have resulted in lower profits, said the statement. Overtime payments and power costs at Blanket Mine both rose, the gold miner added, alongside staff ter ...