Caledonia Mining Reacts to Zimbabwe's Proposed Gold Royalty and Tax Changes.

Caledonia Mining Corporation has noted proposed changes to Zimbabwe's royalty and tax regimes for gold producers, which could raise the royalty rate to 10% when the gold price exceeds $2,500 per ounce. The company is reviewing the potential impact on its asset portfolio, including the Bilboes gold project, and expects profitability and cash generation at the Blanket Mine to be lower if the changes are implemented. Caledonia continues to engage with the authorities.