Business

Caledonia to deliver 2,5t of 2025 national gold deliveries

NewsDay Staff ·

Caledonia to deliver 2,5t of 2025 national gold deliveries

JERSEY miner, Caledonia Mining Corporation (Caledonia) is expected to contribute 2,5 tonnes to 2025’s national gold deliveries of over 40 tonnes, with output set to rise to 7,5 tonnes once its Bilboes Mine comes online over the next three years.

The projected higher national gold deliveries come as small-scale miners buoyed by government incentives, 100% forex retention, and record global prices have increased production.

According to the Zimbabwe Miners Federation, through September, gold deliveries have already hit 33 tonnes.

This story is for NewsDay subscribers.

Discover more from Newsday

Subscribe now to keep reading and get access to the full archive.

Continue reading