Enactment of Zimbabwe’s 2026 National Budget
Caledonia Mining Corporation Plc has confirmed that Zimbabwe's enacted 2026 National Budget will not require amendments to its Bilboes Gold Project Technical Report Summary. The higher royalty rate of 10% will only be triggered if the gold price exceeds US$5,000 per ounce, and other previously proposed tax and royalty changes have been withdrawn. This outcome aligns with the company's announcements from December 1 and December 19, 2025, indicating no adverse financial impact from the budget on the project's reported figures.
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St Helier, January 6, 2026 - Caledonia announces that, further to its announcements of December 1, 2025 and December 19, 2025, the Republic of Zimbabwe's Finance Act, 2025 has been passed which enacts the 2026 National Budget. The enacted provisions confirm the position outlined in the announcement of December 19, 2025. Specifically:
- The higher royalty rate of 10% will only apply if the gold price exceeds US$5,000 per ounce.
- The other proposed changes to the tax and royalty regime that were highlighted in the announcement of December 1, 2025 have been withdrawn.
Caledonia confirms that no amendments are therefore required to the Bilboes Gold Project Technical Report Summary, which was published on November 25, 2025, as a result of the changes proposed in the Budget that were highlighted in Caledonia's announcement of December 1, 2025.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.