- Caledonia plans $132mn Bilboes spend amid gold price surge
- Policy shifts revive investor interest in Zimbabwe mining
HARARE, ZIMBABWE – Caledonia Mining Corporation plans to spend about $132 million this year to advance Zimbabwe’s Bilboes gold project, betting that high bullion prices will support large-scale expansion in Africa’s gold sector.
The proposed investment is part of a broader $162.5 million capital expenditure programme for 2026, subject to board approval and financing availability. For Caledonia, it marks a shift from incremental output growth to transformative expansion, using strong gold prices to underpin a project that could reshape the company’s production profile.
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