Caledonia Mining to focus on ‘big’ Zimbabwe gold projects

Caledonia Mining Corporation says it is focusing on growing its gold projects in Zimbabwe and doesn’t plan to buy back its shares.

“We have got big investment projects,” chief executive officer Mark Learmonth said in an interview on the sidelines of Mining Forum Americas 2025 in Colorado Springs, Colorado, in the United States.

“The return on those projects will be much higher than buying our shares back,” adding that “the idea is to use the cash that we’re generating to invest in further growth for our shareholders.”

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