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Today, Caledonia Mining is profitable, pays a quarterly dividend and produces around 80,000 ounces of gold annually. Over the next three years, however, production is expected to more than triple.
Caledonia Mining (LON: CMCL) has added to its portfolio one of Zimbabwe’s biggest gold mining projects after completing the acquisition of Bilboes Gold, owner of the namesake asset. The shares plus royalty transaction, announced last year, will help the company achieve its goal of more than doubling annual output, potentially making it Zimbabwe’s top gold miner. The Bilboes…
The Bilboes gold project is a large, high-grade gold deposit located about 75 km north of Bulawayo, in Zimbabwe.
THE Zimbabwe Stock Exchange (ZSE) says it will be delisting agro-processor National Foods Holdings Limited to pave way for their migration to the Victoria Falls Stock Exchange (VFEX). In a statement, ZSE chief executive officer (CEO) Mr Justin Bgoni said they had instituted a trading halt on National Foods Holdings with effect from Thursday. “Following…
PLATINUM miner Karo Mining Holdings, which expects to open its mine in 2024, has listed on the Victoria Falls Stock Exchange (VFEX) as the seventh counter and the first to issue bonds since the exchange, which deals in shares denominated in US dollars, opened two years ago. VFEX is the only exchange in Africa trading…