Zimbabwe must capitalise on the positives it reports

The impressive figures being cited have not translated into meaningful national transformation or into visible infrastructure development across all provinces. 
By Eddie Zvinonzwa Jan. 30, 2026

US$14tn fund snaps more stake in Zim’s Caledonia...as gold rally gallops to record highs

The bank noted that while central bank buying underpinned gains in 2023 and 2024, the rally has accelerated since 2025 as private investors increasingly compete for limited physical supply. 
By Tatira Zwinoira Jan. 30, 2026

Caledonia raises US$125m for gold extraction projects

The Victoria Falls Stock Exchanged listed company announced the pricing of its 5,875% convertible senior notes due 2033 in a private placement to institutional investors.
By Mthandazo Nyoni Jan. 16, 2026

Caledonia sets US$162,5m as capex for FY26

The miner noted that general and administrative expenses have increased, driven by inflation-related salary adjustments and rising compliance requirements.
By Business Reporter Jan. 15, 2026

Caledonia clears Bilboes uncertainty as Finance Act confirms revised gold royalties

JERSEY miner, Caledonia Mining Corporation (Caledonia) has confirmed to its shareholders that no amendments are required to the Bilboes Gold Project Technical Report Summary
By Business Reporter Jan. 8, 2026

Caledonia Mining buoyant after Ncube climbdown

Caledonia operates the Gwanda-based Blanket Mine in Matabeleland South and is currently developing another major asset, the Bilboes Gold Project in Matabeleland North. 
By Tatira Zwinoira Dec. 21, 2025

Mthuli Ncube scraps gold royalty hike 

During the late-night budget debate, however, he told lawmakers that a 10 percent royalty rate would now only apply if the bullion price topped $5,000 an ounce. 
By Reuters Dec. 18, 2025
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New gold tax to cream off US$150m from Caledonia unit

Under the three-tiered structure, gold sold at US$0–US$1 200 per ounce will attract a 3% royalty, US$1 201–US$2 500 will draw 5%, while prices above US$2 501 will incur a 10% royalty. 
By Tatira Zwinoira Dec. 8, 2025

EditorialComment: Government’s gold royalty recipe for disaster

Caledonia CEO Mark Learnmouth said they were also assessing “potential effects on the recently announced economics of the Bilboes Gold Project.”  
By The Standard Dec. 7, 2025