Caledonia CEO says Bilboes gold mine will transform Zimbabwe investment landscape
Caledonia CEO Mark Learmonth says the Bilboes project will transform Zimbabwe into a premier investment hub. The new mine will produce 200,000 ounces annually.
Insights:
Caledonia Mining Corporation Plc has successfully completed a $150 million seven-year convertible bond offering to fund the development of the Bilboes gold mine. This transaction, finalized on February 11, 2026, is intended to support the Bilboes project, which is forecast to become the largest gold mine in Zimbabwe 
ZW. The project is expected to materially increase gold output for the country once fully operational.
ZW. The project is expected to materially increase gold output for the country once fully operational.The capital raise has been characterized as the largest international capital raise for the nation in more than a decade. It attracted significant interest from the United States 
US, where demand from U.S. institutional investors exceeded $600 million. This robust response from the international financial community signals a renewed appetite for investment in the country's mining infrastructure and resources.
US, where demand from U.S. institutional investors exceeded $600 million. This robust response from the international financial community signals a renewed appetite for investment in the country's mining infrastructure and resources.
