IN BRIEF: Caledonia Mining says Zimbabwe scales back rates as expected
6th Jan 2026 10:35
Caledonia Mining Corp PLC - Zimbabwe-focused gold miner - says no amendments are required to the Bilboes gold project technical report summary after Zimbabwe enacts its national budget with mining provisions as expected. One of the previous proposals was to increase the royalty rate from 5% to 10% when the gold price exceeds USD2,500 per ounce. Now, as anticipated, this will only apply if the gold price exceeds USD5,000 per ounce. Other proposed changes to the tax and royalty regime, including a change to the tax treatment of capital expenditure, have also been withdrawn. Read More