Caledonia secures US$150m for Bilboes mine

TAFADZWA CHINYANGANYA Caledonia Mining Corporation has secured a US$150 million interim financing facility from a consortium of eight Zimbabwean financial institutions to accelerate development of its flagship Bilboes Gold Project, as it targets first gold production in October 2028. The facility, secured through its subsidiary, Caledonia Holdings Zimbabwe (Private) Limited, marks the completion of the…