🟡 Caledonia to Invest $132M in Zimbabwe’s Biggest Gold Mine
Caledonia Mining plans to spend $132 million in 2026 to begin development of the Bilboes gold mine in Zimbabwe, which will be the country’s largest once operational.
Key Facts:
💰 $132 m capex planned for this year, part of a $162.5 m total spend.
🏆 Bilboes expected to be Zimbabwe’s biggest gold mine once built.
🛠️ Production is projected to start late 2028, reaching ~200,000 oz/year by 2029.
📊 Funding via non‑recourse debt, existing profits & streaming finance.
📈 Gold price strength and policy support (royalty reversal) are boosting expansion.
Expert Insight:
With record gold prices and supportive policy shifts in Zimbabwe, Caledonia’s investment signals confidence in long‑term bullion demand and Africa’s mining potential.
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