- Eureka Gold Production Rises 1.46% in FY2025, Extends Beat Streak with Strong January Performance
Eureka Gold Mine has delivered another year of robust operational performance, surpassing its full-year 2025 production forecast and extending its impressive track record of beating budget targets into the new year, Mining Zimbabwe can report.
By Rudairo Mapuranga
The Guruve-based mine, owned by Dallaglio Investments, recorded actual gold production of 1,969.5 kilogrammes for the 2025 financial year, exceeding the forecast target of 1,941.2 kg by 1.46 per cent. This follows the mine’s exceptional 2024 performance, when it produced 1,811.03 kg, a 6.69 per cent increase above its annual target of 1,697.37 kg.
The momentum has carried strongly into 2026, with January actual production reaching 183.8 kg against a budgeted 174.4 kg, representing a 5.39 per cent overperformance for the first month of the year.
Eureka’s consistent budget-beating performance has become a hallmark of its operations. Throughout 2024, the mine demonstrated sustained growth across all quarters:
Q1 2024: Actual production of 402.12 kg exceeded the budget of 395.48 kg by 1.68 per cent
Q2 2024: Production rose to 414.86 kg, surpassing the 394.25 kg forecast by 5.23 per cent, with quarter-on-quarter growth of 3.18 per cent
Q3 2024: Output increased to 456.11 kg against a budget of 428.13 kg, a 6.54 per cent beat and 9.93 per cent growth from the previous quarter
Q4 2024: The strongest quarter saw production reach 537.93 kg, exceeding the 479.52 kg budget by 12.19 per cent, with remarkable 17.99 per cent quarter-on-quarter growth
2025 Performance Maintains Excellence
The trend of exceeding expectations continued through 2025. In the first quarter, Eureka produced 438 kg, surpassing its 409 kg target by 7.09 per cent. Monthly production remained steady, with May 2025 output of 178.7 kg representing a marginal 0.05 per cent increase from April’s 178.6 kg.
The third quarter of 2025 demonstrated the mine’s resilience, producing 494 kg against a budget of 492.9 kg, a narrow but significant 0.22 per cent overrun. This followed an exceptionally strong second quarter, where production hit 530.4 kg, surpassing the budget of 483.3 kg by an impressive 9.74 per cent.
Infrastructure Investment Driving Reliability
Speaking to Mining Zimbabwe earlier, Eureka General Manager Nelson Banda attributed the mine’s consistent performance to “a combination of operational discipline and long-term planning.”
A key enabler of Eureka’s dependable output is its tailings infrastructure investment strategy, with US$4 million allocated in 2025 to expand its Tailings Storage Facility (TSF). To date, over US$12 million has been invested in the TSF programme, ensuring environmental compliance, uninterrupted processing, and long-term sustainability.
“The capex is part of an ongoing annual investment into the TSF construction programme. The facility is currently downstream and will transition into a modified upstream arrangement in 2026,” Banda explained.
Eureka’s TSF is among the most technologically advanced in the country, featuring pressure sensors, flow meters, delivery line interlocks, and 24/7 CCTV surveillance. Water recycling systems have also been implemented to promote sustainability and reduce environmental impact.
The mine’s ISO 14001 certification and progress toward compliance with the Global Industry Standard on Tailings Management (GISTM) further demonstrate its commitment to world-class practices.
Path to Two Tonnes and Beyond
The mine is on track toward significant production milestones. By December 2025, Eureka was approaching two tonnes of annual gold production, underscoring its steady recovery and growth following its revival under Zimbabwe’s “open for business” policy.
Milling capacity has risen to 120,000 tonnes per month, enabling sustained increases in gold output. “We started operations in September 2021; since then, we have been doing very well in terms of gold production. We quickly hit our capacity in terms of plant production. We are now milling 120,000 tonnes per month,” Banda said.
Addressing power supply challenges, the mine has commenced construction of a solar farm. In February 2026, Solarcentury Africa and Dallaglio signed an agreement to build a 7 MWp solar plant for Eureka Gold Mine, representing a significant sustainability step that reduces production costs.
Long-term Outlook Strengthened
Dallaglio’s successful exploration programme has extended the mine’s life from 2032 to 2039, with potential for underground mining beyond that date. The Eureka Mine Mineral Resource estimate stands at 1,199,080 ounces, JORC-compliant, of which 945,807 ounces are in the Measured and Indicated Resource category.
With consistent production levels, sustained infrastructure development, and the January 2026 overperformance extending its beat streak, Eureka Gold Mine continues to cement its position as a benchmark for responsible and reliable gold mining in Zimbabwe. Its role in supporting the nation’s 2030 vision grows more prominent with each passing quarter.
By consistently beating its budgets, even amidst typical operational fluctuations, Eureka is proving that deliberate planning, investment in sustainability, and adherence to global standards are the true drivers of exceptional and reliable performance.
