Caledonia Mining Boosts Investment with US$41.8M C...

Caledonia Mining Boosts Investment with US$41.8M Capital Expenditure for 2025

Rutendo Mazhindu

Zim Now Reporter

Caledonia Mining Corporation, listed on the Victoria Falls Stock Exchange, has unveiled a robust US$41.8 million capital expenditure plan for 2025, aimed at enhancing growth, efficiency, and operational sustainability.

The bulk of this investment—US$34.9 million—will target the Blanket Mine, Caledonia's flagship asset. The upgrades and expansion efforts are designed to support the company's 2025 gold production goal of 73,500 to 77,500 ounces while modernizing operations to secure long-term sustainability.

In addition, US$5.8 million has been set aside for exploration and feasibility studies at the Bilboes and Motapa projects, pivotal components of Caledonia's strategy to evolve into a multi-asset gold producer.

Reflecting on past achievements, Caledonia highlighted its success at Blanket Mine over the past seven years. Investments during this period have nearly doubled production and extended the mine's life to 2034, based on current reserves.

Mark Learmonth, Caledonia's Chief Executive Officer, reiterated the company's vision: "We are systematically building a mid-tier Zimbabwe-focused gold producer with profitable, multi-asset production. Our continued investments in people, technology, and infrastructure will drive efficiencies and create value for our shareholders."

For 2025, Caledonia anticipates higher costs compared to previous years, with on-mine expenses projected at US$1,050 to US$1,150 per ounce and all-in sustaining costs ranging from US$1,690 to US$1,790 per ounce.