Zimbabwe's Gold Mining Industry Warned of Profit Hit by Proposed Royalty Hike

Caledonia Mining Corp., a top gold producer in Zimbabwe, warns that a proposed doubling of the gold royalty to 10% would hit its profits. The company is assessing the implications of the change, which threatens its flagship Blanket Mine. Zimbabwe's government aims to cash in on the record-breaking rally in bullion prices. The royalty change could impact returns and investment flows for large-scale miners.