Caledonia suffers US$3,6m foreign exchange losses

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CALEDONIA Mining Corporation (Caledonia) suffered a US$3,6 million foreign exchange loss in the quarter ended June 30, 2023 owing to the significant devaluation of the local currency against the US dollar. The foreign exchange loss is from a foreign exchange gain of U$4,2 million recorded in the same quarter last year. In June this year,…