Caledonia Mining to buy one of Zimbabwe’s top gold-mining projects
Caledonia Mining Corp. has agreed to buy one of Zimbabwe’s biggest gold mining projects as it seeks to expand in the southern African country. Jersey-based Caledonia will buy Bilboes Gold Ltd. for about US$53.3 million in shares, plus a royalty on revenues, it said on Thursday. The purchase could make Caledonia Zimbabwe’s largest gold producer, with the …
Caledonia Mining to buy one of Zimbabwe’s top gold-mining projects
Caledonia Mining Corp. has agreed to buy one of Zimbabwe’s biggest gold mining projects as it seeks to expand in the southern African country. Jersey-based Caledonia will buy Bilboes Gold Ltd. for about US$53.3 million in shares, plus a royalty on revenues, it said on Thursday. The purchase could make Caledonia Zimbabwe’s largest gold producer, with the …