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Caledonia Mining: Bilboes has the credentials to be Zimbabwe’s biggest gold mine...
30 Sep, 2024 09:17 113 min read
Caledonia Mining's Bilboes project in Zimbabwe is projected to produce 150 koz of gold annually, making it a significant development for the country. A recently released Preliminary Economic Assessment (PEA) confirms robust potential, with a projected 1.52 Moz of gold over a 10-year mine life. The project is expected to start production by 2028, with total capital costs estimated at $403 million. Caledonia plans to elevate the PEA to a Feasibility Study level by 2025 and is exploring funding options. Bilboes is part of a broader resurgence in Zimbabwe’s gold mining sector.... More