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Caledonia to Buy One of Zimbabwe's Largest Gold-Mining Projects – Bloomberg

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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 $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 potential to more than double its annual output to over 200,000 ounces.


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