Caledonia to restate some financials owing to tax calculations

JERSEY miner, Caledonia Mining Corporation plc (Caledonia) has delayed publishing its 2024 annual report to restate its financial results with respect to tax obligations concerning its Blanket Mine (1983) (Private) Limited subsidiary.

According to Caledonia, transactions from the annual and interim periods between January 1, 2019 and September 30, 2024, affected the deferred tax liability calculation as it continued to be denominated in RTGS$, in accordance with the legislated tax regime.

This was even after the multi-currency regime was introduced.

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