Caledonia to proceed with Bilboes gold project in Zimbabwe

Caledonia Mining Corp will proceed with the Bilboes gold project in Zimbabwe, expected to be the country's largest gold mine. A feasibility study projected strong returns, with peak funding at $484 million and total capital costs at $584 million. The project will be financed through debt and equity from the Blanket gold mine. Bilboes is forecast to produce 1.55 million ounces of gold over nearly 11 years, starting in late 2028. Despite challenges, Caledonia sees this as a step towards Zimbabwe regaining its status as a leading gold producer.