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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 $2,500 per ounce. Now, as anticipated, this will only apply if the gold price exceeds $5,000 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changes to the tax and royalty regime, including a change to the tax treatment of capital expenditure, have also been withdrawn. In December, Caledonia Mining had said the revised proposals should not impact the financial outlook for its portfolio of assets in Zimbabwe. Current stock price: 2,020.00 pence, up 0.5% on Tuesday morning in London 12-month change: more than doubled from 770.00p on January 6, 2025 Copyright 2026 Alliance News Ltd. All Rights Reserved.
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