CALEDONIA Mining Corporation says the commencement of the direct sale of gold produced from its flagship asset-Blanket Mine to a refiner outside Zimbabwe will make it easier for the company to arrange debt facilities with external funders.
The mining company commenced the direct sale of gold produced from Blanket to a refiner outside Zimbabwe in April last year.
Previously, all gold produced by Blanket mine had to be processed and sold to the government-owned refinery, Fidelity Printers Refinery.