🟡 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.

#Caledonia #GoldMining #GoldCapex #BilboesMine #MiningNews $XAG $PAXG $XAU

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