Proactive Investors - Finance
10 Jun 2026, 07:26 UTC · 2h ago
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Caledonia Mining reported high-grade gold drilling results at the Motapa property in Zimbabwe, including intercepts as high as 13.95g/t. — High-grade drilling results increase the probability of significant resource expansion and long-term asset value.
+0.60The Motapa property is positioned to potentially become a strategic extension of the Bilboes gold project. — Synergies between adjacent projects can lower operational costs and extend the life of mine.
+0.50Caledonia expects to publish a maiden mineral resource estimate for parts of Motapa in Q3 2026. — This provides a concrete catalyst date for investors to value the discovery.
+0.40Continue reading
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The company is targeting first gold production at the Bilboes project in Q4 2028. — Establishes the long-term timeline for when the company will transition from exploration/development to production.
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High-grade drilling results at Motapa strengthen project extensions and EBITDA increased 50%.
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