Africazine:
Caledonia Mining is advancing its funding strategy for the Bilboes gold project in Zimbabwe.
The company has appointed Stanbic Bank Zimbabwe and CBZ Bank as co-lead arrangers for an interim funding facility of up to 0-million. This facility is part of a broader strategy announced last month, with expectations for it to be in place by mid-2026, pending lender approvals.
Caledonia Mining’s Strategic Funding Moves
Caledonia Mining is actively pursuing financial support to develop its Bilboes gold project. The interim funding facility aims to secure up to 0-million through a consortium of Zimbabwean and South African banks. This initiative follows a process launched in November last year to arrange the necessary funding.
Management has engaged with participating banks and evaluated various proposals. The selection of Stanbic and CBZ as co-lead arrangers reflects a careful assessment of the submissions received. This step is crucial for the company’s growth plans in Zimbabwe’s gold sector.
Zimbabwe: Key figures on interim funding facility
- 0-million
- mid-2026
Future Steps for Caledonia Mining
- Finalize the interim funding facility by mid-2026.
- Continue engaging with lenders for approvals.
- Advance growth plans for the Bilboes gold project.
Caledonia Mining is making significant strides in securing funding for its gold project in Zimbabwe.
