Caledonia secures $150m bridge facility for Zimbabwe’s biggest gold project

Caledonia Mining Corporation said on Thursday it signed a $150-million bridge financing facility with a consortium of eight Zimbabwean banks, to help fund its Bilboes project, which, once operational, will be the country’s biggest gold mine. Initial works at Bilboes have started and the mine is expected to start production in October 2028, reaching annual output of 200 000 oz from 2029.