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flag Caledonia Mining raises $150M for Zimbabwe’s Bilboes gold mine, boosting investor confidence amid strong U.S. demand and rising gold prices.

flag Caledonia Mining's $150 million bond raise for Zimbabwe’s Bilboes gold mine marks a major boost to investor confidence, with U.S. institutional demand exceeding $600 million. flag The project, set to begin production in late 2028 and yield 200,000 ounces annually from 2029, aims to become Zimbabwe’s largest gold mine. flag Total capital needs are $584 million. flag CEO Mark Learmonth said the funding signals a turning point, reflecting improved perceptions of Zimbabwe’s mining sector amid rising gold prices and record output of 47 metric tons in 2025.

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