Caledonia Mining: CEO Update on Completion of Bilboes Transaction and Future Growth Potential

Interview with CEO Mark Learmonth. Caledonia Mining recently announced the completion of the acquisition of Bilboes in Zimbabwe. The project already has a gold resource of 2.56 million ounces of gold at 2.29 g/t and an attractive feasibility study, according to which the project could produce 168,000 ounces of gold per year. Currently, the company is evaluating a multiphase construction option to fund the construction of the mine from cash flow. With the adjacent Motapa project, the company sees even more production potential in the future.

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