Caledonia Mining Confirms New Royalty Rate for Gold Mines in Zimbabwe

04:30 AM EST, 01/06/2026 (MT Newswires) -- Caledonia Mining (CMCL.L) on Tuesday confirmed that the royalty rate for the gold sector in Zimbabwe will be increased to 10% from 5% only when the gold price exceeds $5,000 per ounce. The change is part of the new royalty and tax regimes presented under the local government's 2026 national budget, which was recently enacted. The gold producer noted that the proposed amendment to the payment schedule of tax on capital expenditure was withdrawn. Caledonia also confirmed that no revisions are needed to it technical report published in November 2025 for the Bilboes gold project.