Caledonia Mining Corporation has signed financing agreements worth up to US$150 million with a consortium of Zimbabwean financial institutions to support construction of its Bilboes gold project.
Zimbabwe's High Court has dismissed an attempt by Caledonia Mining's Blanket Mine to stop a $335,966 damages claim brought by the widow of a miner killed in a 2022 underground accident.
Caledonia Mining published a maiden measured and indicated resource of 379,000oz at Motapa and raised Blanket's underground M&I resource by 22% to 2.18Moz.
Caledonia Mining's Q2 2026 profit after tax rose 27% to $30m on a 34% higher realised gold price, while the company advanced a $150m interim facility and a $300m project loan for Bilboes.
Caledonia Mining said its Blanket mine in Zimbabwe produced 17,360oz of gold in Q2 2026, up 18% on the first quarter, with grades rising further in July.
Caledonia Mining released 2025 drilling results from its Motapa property in Zimbabwe, including 19m at 8.08g/t, and said a maiden resource would follow in the third quarter of 2026.
