Zimbabwe Gold Investment Conference, Caledonia's Financial Results: The Week Ahead

These are some of the most important stories to watch this week.

• Zimbabwe Gold Mining Investment Conference

• Caledonia Mining’s Financial Results

Let’s unpack!

We will start with the Zimbabwe Gold Mining Conference scheduled for next week.

Zimbabwe Gold Mining Investment Conference | 17–18 November 2025

(Partner Post)

Opus Investor invites you to attend the Zimbabwe Gold Investment Conference 2025, taking place 17–18 November in Harare.

This event brings together investors, mining executives, financiers and exploration leaders to engage on the future of Zimbabwe’s fast‑emerging gold sector.

Why Attend

Zimbabwe is emerging as one of Africa’s most attractive gold‑mining investment destinations. The sector is expanding, large gold belts remain under‑explored, and policy reforms have opened the door to global capital.

The conference will outline opportunities in:
• Greenfield exploration
• Brownfield revival
• Operational expansion
• Mining finance and capital mobilisation, involving DFIs, ECAs, banks, streaming/royalty companies and local capital‑markets development

Join 400+ delegates, including mining executives, exploration teams, DFIs, private‑equity funds, institutional investors, sovereign wealth funds, specialist mining‑finance providers and industry advisers.

Keynote Speaker

Algy Cluff, Chairman of Cluff Africa, is returning to Zimbabwe after several decades. His businesses have been responsible for major gold discoveries and developments across Zimbabwe and West Africa.

With decades of leading mining ventures across the continent, Cluff is widely recognised as one of the global mining sector’s most influential figures.

Registration

First 20 registrations from this email receive a USD 250 discount (subject to availability).

Delegate Rates:
• Zimbabwean Delegates: USD 690
• Concessionary Rate: USD 490 (limited; application required)
• International Delegates: USD 1,200
• Group Bookings: Discounts available for 3+ delegates

Payment Options: Payments can be made via Zimbabwe Nostro USD, ZIG equivalent, or a South African bank account.

Hotel Support: Assistance with hotel arrangements on request.

Online Booking: Click here for online bookings.

Contacts

For registration: Marissa Smith
For speaking, sponsorship & exhibition: Amy Martinez (amy@opusinvestor.com)
Tel (UK): +44 7775 648 858 (WhatsApp available)
Tel (UK): +44 7909 910 960 (WhatsApp available)
Website: www.opusinvestor.com/zim

To register, please provide: Company Name, Full Name, Position, Mobile Number, and Email.

The Opus Investor Team

(Partner Post)

Caledonia Financial Results

This morning, Caledonia released its latest Q3 financial results. For those who don’t know, Caledonia is the VFEX, AIM and NYSE-listed gold miner and the best-performing stock in Zimbabwe.

We’ve been talking a lot about how the gold price has been good for gold companies, and this is further proof. Below are some of the highlights of their results.

Caledonia Mininig Q3 2025 Highlights

• Revenue: US$71.4m, up 52%

• Realised gold price: US$3,434/oz, up 40%

• Gold production: 19,106 oz, up 1%

• Gold sold: 20,792 oz, up 8.7%

• EBITDA: US$33.5m, up 163%

• Profit after tax: US$18.7m, up 467%

• Free cash flow up to US$5.9 million vs negative US$2.4 million in Q3

  2024.

Caledonia had one of its strongest quarters in its history. The combination of a 40% jump in gold price realised and steady production has resulted in a big windfall.

Just to put into context how strong that revenue growth is, Innscor posted 19% growth, and we described that as blockbuster. I am not sure what phrase I could use for 52% growth!

Granted, a lot of that growth was from the 40% increase in realised prices, but it shows that if the gold price holds or continues to rise, Caledonia has a solid business. As of writing, it seems the stock market liked the results, with the stock rising over 4% after the results.

The trick question is how much upside is still in the stock after tripling in value this year? I will need to dig into the results in more detail, however, and will cover them later this week, but for now, this is definitely a story worth watching.

PS: The CEO of Caledonia is scheduled to speak at the Zimbabwe Gold Mining Conference mentioned in the sponsored partner post above.

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