Zimbabwe: Analysts Project 25 Percent Revenue Jump for Caledonia

Stockbroking and equities research firm IH Securities has projected Caledonia Corporation’s revenue to reach US$230,18 million in 2025 from US$183,018 million in the prior year, supported by firm gold prices and improved production.

In its review of Caledonia’s 2024 financials, IH said Caledonia’s recent trading update already revealed a new record for production in the first quarter at Blanket mine with over 18,500 ounces produced.

“We believe that Caledonia will register revenue of US$230,18…