{"id":24490,"date":"2026-01-15T07:34:07","date_gmt":"2026-01-15T07:34:07","guid":{"rendered":"https:\/\/www.europesays.com\/africa\/24490\/"},"modified":"2026-01-15T07:34:07","modified_gmt":"2026-01-15T07:34:07","slug":"caledonia-to-spend-132m-on-zimbabwes-largest-gold-mine","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/africa\/24490\/","title":{"rendered":"Caledonia to spend $132M on Zimbabwe\u2019s largest gold mine"},"content":{"rendered":"<p> Caledonia Mining Corporation plans to invest $132 million in 2026 to develop Zimbabwe\u2019s largest gold mine, the company announced Wednesday. The spending is part of a $162.5 million capital program, subject to board approval and funding availability. <\/p>\n<p>The Bilboes mine, projected to cost $584 million in total, is expected to start production in late 2028, with annual output reaching 200,000 ounces from 2029 for at least 10 years. Caledonia already operates the 80,000-ounce-per-year Blanket mine in <a href=\"https:\/\/news.az\/news\/china-s-support-key-to-zimbabwe-s-tobacco-sector-says-minister\" rel=\"nofollow noopener\" target=\"_blank\">Zimbabwe<\/a>, <a href=\"https:\/\/news.az\/\" rel=\"nofollow noopener\" target=\"_blank\">News.Az<\/a> reports, citing <a href=\"https:\/\/www.reuters.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Reuters<\/a>.<\/p>\n<p>To fund the project, the company announced a $125 million private placement of convertible bonds for institutional investors, alongside non-recourse debt and contributions from existing operations.<\/p>\n<p>\u00a0<\/p>\n<p><a href=\"https:\/\/news.az\/\" rel=\"nofollow noopener\" target=\"_blank\">News.Az<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Caledonia Mining Corporation plans to invest $132 million in 2026 to develop Zimbabwe\u2019s largest gold mine, the company&hellip;\n","protected":false},"author":2,"featured_media":24491,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60],"tags":[15121,4925,4923,106],"class_list":{"0":"post-24490","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-zimbabwe","8":"tag-bilboes","9":"tag-caledonia","10":"tag-caledonia-mining-corporation","11":"tag-zimbabwe"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/posts\/24490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/comments?post=24490"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/posts\/24490\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/media\/24491"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/media?parent=24490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/categories?post=24490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/tags?post=24490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}