Dual-listed Caledonia Mining on Wednesday announced that, as a result of the revised monetary policy adopted by the Reserve Bank of Zimbabwe (RBZ), the export credit incentive (ECI) programme for Zimbabwean gold producers will be withdrawn. This will likely reduce Caledonia’s earnings a share for 2019 and thereafter by about $5.4-million, or by $0.40 to $0.46 a share.
