Caledonia Mining (NYSEAM:CMCL) plans to issue $100 million of convertible senior notes to support the Bilboes gold project and general corporate purposes. The company reported Q1 production that was below the same period last year, citing operational constraints. Despite the softer Q1, management reaffirmed full year production guidance for 2026.

Caledonia Mining is a gold producer with operations focused on Zimbabwe, where the Bilboes gold project is a key growth asset. The proposed $100...

Originally published by simplywall.st. Read original article