Segment

Resource

Country

Agency

Taxes

Royalties

Dividends

Fees

Total payments

Notes

Blanket

Gold

Zimbabwe

Zimbabwe Revenue Authority

14,828,907

9,080,914

-

-

23,909,821

All amounts are stated in United States Dollar ("USD"):
* Taxes payments were made in USD (USD 5,244,584), Zimbabwean Dollar ("ZWD") (ZWD 17,895,488,320) and Zimbabwe Gold ("ZiG") (ZiG 156,431,442). Payments made in ZWD or ZiG were converted from ZWD to USD and ZiG to USD, respectively by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:15,787.76 (USD:ZWD) and 1:18.51 (USD:ZiG) for the year reported on.

** Royalties payments were made in USD (USD 5,448,548), ZWD (ZWD 10,932,009,417) and ZiG (ZiG 52,307,729) . Payments made in ZWD or ZiG were converted from ZWD to USD and ZiG to USD, respectively, by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:14,438.64 (USD:ZWD) and 1:18.19 (USD:ZiG) for the year reported on.

Gold

Zimbabwe

Ministry of Mines

-

-

-

180,923

180,923

* Fees payments were made in Zimbabwean Dollar ("ZWD") (ZWD 406,455,074) and Zimbabwean Gold ("ZiG") (ZiG 3,961,540) . Payments made in ZWD or ZiG were converted from ZWD to USD and ZiG to USD, respectively, by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:12,955.16 (USD:ZWD) and 1: 26.49 (USD: ZiG) for the year reported on.

Gold

Zimbabwe

National Indigenisation and Economic Empowerment Fund

-

-

184,000

-

184,000

All amounts are stated and paid in United States Dollar ("USD").

E&E Projects

Gold

Zimbabwe

Ministry of Mines

-

-

-

66,075

66,075

* Fees payments were made in Zimbabwean Gold ("ZiG") (ZiG884,153) . Payments made in ZiG were converted to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates).

Bilboes (Oxide mine)

Gold

Zimbabwe

Zimbabwe Revenue Authority

167,877

182,470

-

-

350,347

All amounts are stated in United States Dollar ("USD"):
* Taxes payments were made in USD (USD 158,756), Zimbabwean Dollar ("ZWD") (ZWD 32,929,887) and Zimbabwe Gold ("ZiG") (ZiG 137,578). Payments made in ZWD or ZiG were converted from ZWD to USD and ZiG to USD, respectively, by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:15,723.61 (USD:ZWD) and 1:19.58 (USD:ZiG) for the year reported on.

**Royalties all amounts are stated and paid in United States Dollar ("USD").

Gold

Zimbabwe

Ministry of Mines

-

-

- 

   173,915

173,915

* Fees payments were made in Zimbabwean Dollar ("ZWD") (ZWD 543,705,066) and Zimbabwean Gold ("ZiG") (ZiG 3,491,601) . Payments made in ZWD or ZiG were converted from ZWD to USD and ZiG to USD, respectively, by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:18,479.79 (USD:ZWD) and 1: 24.16 (USD: ZiG) for the year reported on.

Corporate

Gold

Zimbabwe

Zimbabwe Revenue Authority

160,000

-

-

-

160,000

All amounts are stated and paid in United States Dollar ("USD").

Total Zimbabwe

15,156,784

9,263,384

184,000

420,913

25,025,081

South-Africa

Gold

South- Africa

South African Revenue Authority

618,167

618,167

All amounts are stated in United States Dollar ("USD"):
* Taxes payments were made in South African Rand {"ZAR") (ZAR 11,426,289). Payments made in ZAR were converted from ZAR to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Sout Africa (https://www.resbank.co.za/en/home/what-we-do/statistics/key-statistics/selected-historical-ratess). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1: 18.48 (USD:ZAR) for the year reported on.

Total South-Africa

  618,167

-

-

-

618,167

Grand total

15,774,951

9,263,384

184,000

420,913

25,643,248

Segment

Resource

Country

Subnational Political Jurisdiction

Project

Method of Extraction

Taxes

Royalties

Dividends

Fees

Total payments

Notes

Blanket

Gold

Zimbabwe

Matabeleland South

Blanket Mine

Underground

14,828,907

9,080,914

184,000

180,923

24,274,744

All amounts are stated in United States Dollar ("USD"):
* Taxes payments were made in USD (USD 5,244,584), Zimbabwean Dollar ("ZWD") (ZWD 17,895,488,320) and Zimbabwe Gold ("ZiG") (ZiG 156,431,442). Payments made in ZWD or ZiG were converted from ZWD to USD and ZiG to USD, respectively by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:15,787.76 (USD:ZWD) and 1:18.51 (USD:ZiG) for the year reported on.

** Royalties payments were made in USD (USD 5,448,548), ZWD (ZWD 10,932,009,417) and ZiG (ZiG 52,307,729) . Payments made in ZWD or ZiG were converted from ZWD to USD and ZiG to USD, respectively, by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:14,438.64 (USD:ZWD) and 1:18.19 (USD:ZiG) for the year reported on.

*** Dividend payments were made in United States Dollar ("USD").

 Fees payments were made in Zimbabwean Dollar ("ZWD") (ZWD 406,455,074) and Zimbabwean Gold ("ZiG") (ZiG 3,961,540) . Payments made in ZWD or ZiG were converted from ZWD to USD and ZiG to USD, respectively, by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:12,955.16 (USD:ZWD) and 1: 26.49 (USD: ZiG) for the year reported on.

Corporate

Gold

Zimbabwe

Bulawayo

Caledonia Holdings Zimbabwe (Private) Limited

Underground

160,000

-

-

-

160,000

All amounts are stated and paid in United States Dollar ("USD").

Bilboes (Oxide mine)

Gold

Zimbabwe

Matabeleland North

Bilboes (Oxide mine)

Open pit

167,877

182,470

-

173,915

524,262

All amounts are stated in United States Dollar ("USD"):
* Taxes payments were made in USD (USD 158,756), Zimbabwean Dollar ("ZWD") (ZWD 32,929,887) and Zimbabwe Gold ("ZiG") (ZiG 137,578). Payments made in ZWD or ZiG were converted from ZWD to USD and ZiG to USD, respectively, by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:15,723.61 (USD:ZWD) and 1:19.58 (USD:ZiG) for the year reported on.

**Royalties all amounts are stated and paid in United States Dollar ("USD").

*** Fees payments were made in Zimbabwean Dollar ("ZWD") (ZWD 543,705,066) and Zimbabwean Gold ("ZiG") (ZiG 3,491,601) . Payments made in ZWD or ZiG were converted from ZWD to USD and ZiG to USD, respectively, by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1:18,479.79 (USD:ZWD) and 1: 24.16 (USD: ZiG) for the year reported on.

E&E Projects

Gold

Zimbabwe

Matabeleland North

Motapa

Open pit

66,075

66,075

* Fees payments were made in Zimbabwean Gold ("ZiG") (ZiG884,153) . Payments made in ZiG were converted to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Zimbabwe (https://www.rbz.co.zw/index.php/research/markets/exchange-rates).

South-Africa

Gold

South-Africa

Gauteng

Caledonia Mining South Africa Proprietary Limited

Underground

618,167

-

-

-

618,167

All amounts are stated in United States Dollar ("USD"):
* Taxes payments were made in South African Rand {"ZAR") (ZAR 11,426,289). Payments made in ZAR were converted from ZAR to USD by using the spot exchange rate on the payment date as obtained from the Reserve Bank of Sout Africa (https://www.resbank.co.za/en/home/what-we-do/statistics/key-statistics/selected-historical-ratess). Numerous payments were made throughout the year and the weighted average spot conversion rate applied on each payment date averaged out to 1: 18.48 (USD:ZAR) for the year reported on.

Total payments

15,774,951

9,263,384

184,000

420,913

25,643,248