Fidelity has stated that to incentivize gold production in Zimbabwe it will pay an incentive price over and above the contractual purchase price. Caledonia’s operating subsidiary Blanket Mine sells its gold production to Fidelity in Zimbabwe and is contractually entitled to receive a price which is derived from the afternoon price fixed by the London Bullion Market Association (the LBMA price) the day after the bullion delivered has been assayed. The announcement by Fidelity states that to incentivize gold production in Zimbabwe it will pay an incentive price over and above the contractual purchase price. This ... (full story)