Caledonia Mining: Acquisition of Bilboes Could Triple Gold Production

02:09 MIN 2.556

Caledonia Mining buys one of the largest gold projects in Zimbabwe and one of the best gold development projects in Africa. The company has agreed to acquire Bilboes Gold Limited, the owner of the eponymous gold project, in an equity deal valued at $53 million plus an NSR royalty.

NYSE:CMCL
Frankfurt:9CD1
WKN:A2DY13
www.caledoniamining.com

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