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

JERSEY miner, Caledonia Mining Corporation (Caledonia) has set capital expenditure at US$162,5 million for the year, with the majority going towards developing its highly lucrative Bilboes Gold Project.

As previously reported, the Bilboes Gold project hosts 1,749 million ounces of proven and probable gold reserves, which will require a total of US$584 million in development capital.

At current gold prices, the revenue potential is nearly US$8 billion.

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