Caledonia Mining Signs US$150 Million Interim Financing Facility for Bilboes Gold Project

Caledonia Mining, through its subsidiary Caledonia Holdings Zimbabwe, signed an interim financing facility of up to US$150 million to support funding flexibility for the Bilboes Gold Project. The facility runs for 36 months, with an option to extend by one year, while the company continues discussions with regional and international institutions for longer-term project financing. Caledonia expects Bilboes to transform its production profile, with first gold production targeted for October 2028.