Caledonia’s revenue increase to US$35 million

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Fidelity said core revenue was driven by the life assurance businesses.

CALEDONIA Mining Corporation Plc has announced a gross revenue of US$35,1 million for the quarter ended March 31, 2022 up from US$25,7 million recorded prior year.

In a statement, Caledonia said the higher revenues reflected a 40 percent increase in production and a six percent increase in the realised gold price. Revenues include the sale proceeds of 442 ounces (net) of gold in work in progress.

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