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Gold buying prices in Zimbabwe per gram/ ounce, 19 May 2026

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Gold buying prices in Zimbabwe per gram/ ounce, 19 May 2026

Gold buying prices in Zimbabwe per gram/ ounce, 19 May 2026, from the official gold buyer and exporter Fidelity Gold Refinery (FGR).

1 oz = 31.1035 g

CategoryPrice ($/g)Price ($/oz)
SG 90% and above136.284,238.39
SG 85% but less than 90%134.844,193.60
SG 80% but less than 85%133.394,148.50
SG 75% but less than 80%131.954,103.71
Sample (5–10g)129.794,036.52
Fire Assay CASH137.004,260.78

 

Note: The Fire Assay cash price applies to gold above 100g, with no sample deduction.

A sample of not more than 10g is deducted for the Fire Assay Transfer price.

#GoldPrices #GoldBuying #GoldMarket #GoldTrading #GoldRate #GoldPriceToday #GoldNews #PreciousMetals #GoldIndustry #GoldEconomy #FidelityGoldRefinery

How Artisanal and Small-Scale Miners Are Slowly Entering Zimbabwe’s Formal Banking System as Banks Improve Access to Finance

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How Artisanal and Small-Scale Miners Are Slowly Entering Zimbabwe’s Formal Banking System as Banks Improve Access to Finance
Zimbabwe’s small-scale mining sector is increasingly being pulled into the formal financial system as commercial banks restructure how credit is extended to artisanal and emerging producers, shifting away from traditional collateral toward gold-backed and compliance-driven lending models, Mining Zimbabwe can report.

By Ryan Chigoche

The transition reflects a broader attempt to close a persistent financing gap in a sector that plays a critical role in gold output and foreign currency generation, yet has historically operated outside formal banking structures.

The shift was evident at MINEX 2026 in Zvishavane, where financial institutions used the platform to deepen engagement with small-scale miners and present structured entry points into formal banking.

At the centre of this transformation is a long-standing constraint: although Zimbabwe’s commercial banking sector holds an estimated US$6 billion lending capacity, small-scale miners have largely remained excluded due to limited collateral, informal production records, and weak integration into formal financial systems.

Banking exposure in Zimbabwe’s mining sector is increasingly segmented, reflecting different risk profiles and scales of operation across the industry.

At the top end, Stanbic Bank Zimbabwe is active in large-scale syndicated mining finance, including its role in structuring funding for major gold developments such as Caledonia Mining’s Bilboes Gold Project, alongside other consortium-backed mining transactions. This segment of financing is heavily project-driven, often linked to infrastructure, energy security, and long-term production expansion.

Alongside it, CBZ Holdings has established itself as one of the most active local financiers in the mining sector, committing approximately US$254 million toward mining-related financing across Zimbabwe’s extractive industry.

A significant portion of this funding has been directed toward Dallaglio Investments’ Pickstone Peerless and Eureka Gold Mine operations, where CBZ-backed facilities have supported plant refurbishments, production restart initiatives, and working capital requirements aimed at stabilising and scaling output.

Beyond gold, CBZ is also playing a strategic enabling role in the Karo Platinum Project, where structured financing supports contractor mobilisation, supplier development, and broader infrastructure rollout within the large-scale platinum mining ecosystem.

At the mid-tier level, NMB Bank Zimbabwe focuses on export-oriented mining operations, extending offshore-backed credit lines sourced from regional and European financiers. These facilities are primarily used for machinery imports and production scaling among established mining companies.

At the base of the sector, ZB Financial Holdings is targeting artisanal and small-scale miners through financial inclusion strategies designed to integrate informal operators into the formal banking system.

Rather than treating small-scale mining as peripheral, ZB has positioned it as a structured growth segment, using platforms such as MINEX to onboard miners, provide advisory services, and extend tailored financial products at the point of engagement.

From informal production to bankable cash flows

Behind this shift is a fundamental redefinition of how mining income is assessed.

Instead of relying on traditional collateral such as property or fixed assets, banks are increasingly using Fidelity Gold Refinery (FGR) deposit records as a proxy for creditworthiness.

Under this model, miners who consistently deliver gold through formal channels build a verifiable production history that is then used to assess income stability and determine access to credit.

This allows financial institutions to structure microfinance and asset-based loans, in some cases up to around US$20,000, based on production performance rather than physical assets.

For many small-scale operators, this marks a shift from informal cash trading to traceable financial behaviour, forming the basis for gradual integration into the formal economy.

Equipment financing reshapes access to machinery

Beyond direct lending, banks are increasingly relying on capital equipment leasing models to reduce risk while expanding access to mining machinery.

Under this structure, banks do not disburse cash directly. Instead, they purchase equipment such as compressors, stamp mills, or excavators from suppliers and retain ownership of the assets.

The miner repays the cost through structured monthly instalments funded by mineral sales, while the bank retains the right to repossess equipment in the event of default.

This model reduces credit exposure while enabling miners to access machinery that would otherwise be difficult to finance under conventional lending terms.

Building formal systems around informal mining

Taken together, these mechanisms reflect a steady shift toward formalising Zimbabwe’s small-scale mining sector through financial integration rather than exclusion.

Digital platforms are being used to improve transaction tracking and encourage financial discipline, while gold buying centres continue to draw mineral flows into regulated markets.

Access to larger facilities is increasingly tied to compliance requirements, including mine registration documents, Environmental Management Agency (EMA) certificates, and Environmental Impact Assessments (EIA), particularly for higher-value lending.

The direction is clear: access to capital is becoming inseparable from compliance and traceability.

What is unfolding is not just an expansion of banking services into mining, but a restructuring of how the sector itself operates.

Financial institutions are increasingly shaping the rules of engagement, from how miners document production, to how equipment is acquired, to how output is channelled into formal markets.

For miners, the shift opens a pathway into structured finance that did not previously exist at scale. For banks, it represents a calculated expansion into a high-output but historically informal sector.

MINEX 2026 captured that transition in practical terms, not as a future ambition, but as a system already taking shape in real time across Zimbabwe’s mining landscape.

Gold buying prices in Zimbabwe per gram/ ounce, 18 May 2026

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Gold buying prices in Zimbabwe per gram/ ounce, 18 May 2026

Gold buying prices in Zimbabwe per gram/ ounce, 18 May 2026, from the official gold buyer and exporter Fidelity Gold Refinery (FGR).

1 oz = 31.1035 g

CategoryPrice ($/g)Price ($/oz)
SG 90% and above134.764,191.82
SG 85% but less than 90%133.344,147.65
SG 80% but less than 85%131.914,103.16
SG 75% but less than 80%130.484,058.67
Sample (5–10g)128.343,992.11
Fire Assay CASH135.484,214.22

 

Note: The Fire Assay cash price applies to gold above 100g, with no sample deduction.

A sample of not more than 10g is deducted for the Fire Assay Transfer price.

#GoldPrices #GoldBuying #GoldMarket #GoldTrading #GoldRate #GoldPriceToday #GoldNews #PreciousMetals #GoldIndustry #GoldEconomy #FidelityGoldRefinery

Ariana Expands Dokwe Gold Project as New Drilling Extends Mineralisation Beyond Resource Boundary

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Ariana Expands Dokwe Gold Project as New Drilling Extends Mineralisation Beyond Resource Boundary
Ariana Resources PLC has signalled strong expansion potential at its Dokwe Gold Project in Zimbabwe after new drilling results confirmed that gold mineralisation extends beyond the current resource boundary, Mining Zimbabwe can report.

Ryan Chigoche

The AIM and ASX-listed explorer said results from its 2025–2026 drilling programme indicate that mineralisation at Dokwe North continues at least 150 metres beyond the existing resource area, reinforcing the project’s long-term growth prospects.

Recent drilling has returned several encouraging intercepts, including 22 metres at 1.49 grams per tonne gold from 111 metres, 8 metres at 1.20 grams per tonne from 65 metres, and 1 metre at 3.77 grams per tonne from 101 metres.

The company said the results confirm that mineralisation remains open and occurs within shallow oxidised zones, a setting generally considered favourable for potential open-pit development.

At Dokwe Central, additional drilling has also delivered positive results, including 2 metres at 4.67 grams per tonne gold from 174 metres and 4 metres at 1.56 grams per tonne from 52 metres. Early work at the Sinkwe prospect has similarly continued to return indications of shallow gold mineralisation, adding further support to the broader prospectivity of the Dokwe project area.

Taken together, the results point to more than isolated mineral hits, instead suggesting a relatively consistent mineralised system with continuity across different zones. The combination of intercept widths and grades indicates that gold is occurring in thicknesses that could be considered meaningful in a potential mining scenario, particularly when viewed alongside the shallow depth profile reported in parts of the system. This also adds weight to the view that the mineralisation remains open, leaving room for further resource growth as drilling continues to step out from the current boundary.

Managing Director Kerim Sener said the company is now focusing on more detailed drilling to support upcoming feasibility studies and advance technical planning at Dokwe Central. He added that a resource update is expected in the second half of 2026 as the project moves into its next stage of development planning.

Dokwe is already regarded as one of Zimbabwe’s larger undeveloped gold assets, hosting a combined mineral resource of more than 1.4 million ounces of gold across Dokwe North and Dokwe Central.

The two deposits sit in close proximity but display different geological characteristics. Dokwe North is characterised by broader, lower-grade mineralisation, while Dokwe Central contains higher grade zones, giving the project development flexibility depending on future mining scenarios.

The deposit was initially identified through regional soil sampling and lies within Zimbabwe’s well known greenstone belt terrain, an area historically associated with significant gold production. Since Ariana’s acquisition through its 2024 merger with Rockover Holdings, the resource has increased by about 40%, supported by ongoing drilling and improved geological understanding.

Earlier studies suggest the project could support a phased development approach, potentially including open-pit mining and a processing plant capable of producing up to 100,000 ounces of gold per year under a larger-scale development scenario.

The latest drilling results continue to reinforce Ariana’s view that Dokwe still holds significant expansion potential, with further exploration expected to refine the resource base and guide future development decisions as the company advances toward a revised resource update in the second half of 2026.

Chamber of Mines Zimbabwe Postpones 2026 Annual Mining Conference to June

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Chamber of Mines Zimbabwe Postpones 2026 Annual Mining Conference to June

Chamber of Mines Zimbabwe (CoMZ) has shifted its annual mining conference, which had been scheduled for the 26th to 29th of May 2026, to accommodate senior government officials who requested a change in dates, according to a notice issued to delegates.

By Rudairo Mapuranga

The executive event will now be held from 17–20 June 2026.

“Due to circumstances beyond our control, and specifically to accommodate most key government officials who have requested a convenient date that will enable them to participate, the Annual Mining Conference dates have been shifted,” read the notice dated 16 May 2026.

The conference, organised under the Chamber of Mines of Zimbabwe umbrella, is the premier gathering for Zimbabwe’s mining industry, which contributes about 73% of the country’s export earnings and roughly 13% of GDP. The event typically draws mining executives, policymakers, investors, and government officials.

Zimbabwe holds the world’s second-largest chrome reserves, Africa’s largest lithium deposits, and significant platinum group metals, gold, diamonds, and coal assets. The government has made mining central to its Vision 2030 target of becoming an upper-middle-income economy.

BREAKING: Eureka GM Nelson Banda leaves Eureka for a senior role in Central Africa

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BREAKING: Eureka GM Nelson Banda leaves Eureka for a senior role in Central Africa

Engineer Nelson Banda has resigned from the position of General Manager at Dallaglio Investment’s flagship, Eureka Mine.

Banda confirmed the development, saying he will be taking on a new role in Central Africa.

“Yes, it is true. I will be transitioning into a senior leadership role in Central Africa,” Eng Banda said.

According to sources, Eng Zvaraya is currently the acting GM.

Mining Zimbabwe wishes Engineer Nelson Banda every success in his new leadership role.

This is a developing story…

 

Gold buying prices in Zimbabwe per gram/ ounce, 15 May 2026

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Gold buying prices in Zimbabwe per gram/ ounce, 15 May 2026

Gold buying prices in Zimbabwe per gram/ ounce, 15 May 2026, from the official gold buyer and exporter Fidelity Gold Refinery (FGR).

1 oz = 31.1035 g

CategoryPrice ($/g)Price ($/oz)
SG 90% and above137.024,261.61
SG 85% but less than 90%135.574,216.52
SG 80% but less than 85%134.124,171.43
SG 75% but less than 80%132.674,126.33
Sample (5–10g)130.674,064.13
Fire Assay CASH137.754,284.31

 

Note: The Fire Assay cash price applies to gold above 100g, with no sample deduction.

A sample of not more than 10g is deducted for the Fire Assay Transfer price.

#GoldPrices #GoldBuying #GoldMarket #GoldTrading #GoldRate #GoldPriceToday #GoldNews #PreciousMetals #GoldIndustry #GoldEconomy #FidelityGoldRefinery

Bikita Minerals resumes concentrate exports after securing licence, advances US$400 million lithium sulphate plant

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Bikita Minerals resumes concentrate exports after securing licence, advances US$400 million lithium sulphate plant

Bikita Minerals, one of Zimbabwe’s largest lithium producers, has resumed exports of lithium concentrate after obtaining an export licence from the Ministry of Mines and Mining Development, a clear sign that the government’s quota system is working as intended, Mining Zimbabwe can report.

By Rudairo Mapuranga

The company confirmed that it is now fully compliant with Zimbabwe’s new regulatory framework, which requires all raw concentrate shipments to be authorised and monitored.

“This marks a milestone in our commitment to responsible mining, transparency, and value addition,” Bikita Minerals said in a statement.

US$400 million processing plant ahead of 2027 deadline

Crucially, Bikita is not simply exporting raw rock. The company is advancing plans for a US$400 million lithium sulphate processing plant in Zimbabwe, well ahead of the January 2027 deadline when all exports of unprocessed lithium will be banned.

“Preliminary works are underway,” the company said, confirming that its long-term beneficiation strategy aligns fully with government policy.

Once operational, the plant will produce lithium sulphate, a high-value intermediate product, keeping more value in Zimbabwe and significantly boosting export revenues.

Bikita Minerals also underscored its contribution to the Zimbabwean economy, stating that it employs nearly 1,500 direct employees and supports thousands of indirect livelihoods.

“We remain committed to responsible mining, employee welfare, environmental stewardship, and sustainable economic development,” the company said.

A model for compliant investment

The resumption of Bikita’s exports, secured through a legitimate licence, demonstrates that the government’s export quotas are not a blanket blockade but a targeted enforcement mechanism. Companies that play by the rules, invest in local processing, and respect Zimbabwe’s resource sovereignty are welcome to operate and profit.

Mines Minister Dr Polite Kambamura has consistently stated that the ban and quotas are aimed at middlemen and delinquent producers who were depleting the nation’s resources through under-invoicing and illicit stockpiling. Bikita’s compliance proves that responsible miners have nothing to fear.

With Bikita committing US$400 million to local processing, the question for other large lithium producers is now unavoidable: Where is your processing plant?

By January 2027, no raw rock will leave Zimbabwe, only processed salts. Bikita is already building its answer. The rest of the industry must now follow.

Premier Raises Fresh $1M as Zulu Lithium Plant Enters Critical Hot Commissioning Phase

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Premier Raises Fresh $1M as Zulu Lithium Plant Enters Critical Hot Commissioning Phase

Premier African Minerals has completed a further £1 million equity subscription, its third fundraising in less than two months, while reporting that the new Zulu Lithium flotation plant has successfully completed the majority of cold commissioning activities using water and is now preparing to introduce ore.

By Rudairo Mapuranga

The company issued new shares at 0.0185 pence each, notably higher than the 0.0136 pence used in late April and the 0.0126 pence used in March and mid-April. The improved pricing suggests some firming of investor appetite, though the continued reliance on equity funding underscores the project’s persistent cash constraints.

Cold Commissioning Complete

According to an operational update on Wednesday, water has been run through the new Xinhai flotation plant as part of cold commissioning, with the majority of those activities now successfully completed. Conveyor systems have been brought back into operation, and testing of newly installed bypass chutes has been completed. The crushing circuit was successfully recommissioned on ore as part of the testing.

Managing Director Graham Hill noted that flotation cell scraper paddles have not yet been connected during this water-only stage. Their connection and operation will coincide with the introduction of reagents and ore feed during hot commissioning.

Transition to Hot Commissioning

The company is now planning to transition into hot commissioning, which involves introducing ore feed into the complete process plant. This phase will be critical in determining whether the new flotation circuit can achieve the spodumene concentrate grades and recoveries that have eluded previous processing attempts.

Premier stated that all activities remain on track for the previously guided Q2 2026 commissioning timeline, though commissioning activities are acknowledged to be “naturally iterative” in nature.

The £1 million subscription (before expenses) was completed at an issue price of 0.0185 pence per share. Based on that price, approximately 5.4 billion new shares have been issued, though the company did not specify the exact number in today’s announcement.

This latest raise follows:

· £750,000 at 0.0126 pence on 26 March 2026
· £1 million at 0.0136 pence on 28 April 2026

The cumulative dilution to existing shareholders over the past six months remains severe, with total issued share capital now likely exceeding 30 billion shares.

Video Demonstration

Shareholders were referred to a video link demonstrating ongoing water tests at the flotation plant, with the company promising further updates as hot commissioning progresses.

The next few weeks will determine whether the new Xinhai plant can finally deliver commercial production. Successful hot commissioning would mark a turning point for a project that has consumed enormous shareholder value over years of delays. Failure to achieve design performance would likely trigger further funding crises.

Kavango Raises Fresh Pension Fund Capital via New Share Issue

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Kavango Raises Fresh Pension Fund Capital via New Share Issue

Kavango Resources plc is reinforcing its capital base and deepening local institutional participation after announcing a fresh share issuance to a Zimbabwean pension fund consortium.

The move forms part of its broader dual-listing strategy aimed at unlocking long-term capital to support its gold projects in Zimbabwe, Mining Zimbabwe can report.

By Ryan Chigoche

The company will issue 36,596,469 new ordinary shares at £0.01 each to Comarton Consultants (Private) Limited and six pension funds under the Comarton Managed Pension Funds Investments Consortium.

The transaction represents the third tranche of a five-part capital raise agreed in April 2025, reflecting steady progress in mobilising long-term local capital.

Upon admission, the consortium’s combined holding will increase to 179,977,379 shares across thirteen pension funds, signalling growing institutional confidence in Kavango’s portfolio as it advances the Hillside, Nara, and Leopard gold projects. The remaining two tranches are expected to be completed by the end of August 2026.

In line with its dual-market structure, the new shares will first be admitted to trading on the London Stock Exchange before being transferred to Zimbabwe for secondary listing on the Victoria Falls Stock Exchange (VFEX). This approach enables Kavango to raise capital internationally while ensuring the shares are accessible to local investors.

Following admission, Kavango’s total issued share capital will rise to 4,402,636,126 ordinary shares, with 831,177,585 listed on the VFEX. Each share carries one vote, providing a clear benchmark for shareholder reporting and voting interests.

The latest issuance underscores Kavango’s strategy of linking international capital with domestic participation, positioning Zimbabwean pension funds at the centre of its growth plans as it moves toward scaled gold production.

This push to strengthen local capital backing comes as Kavango begins to translate exploration into output, having produced 23.4 kg of gold from its Hillside Project in the year to December 2025.

Attention is now shifting to scaling up operations at Bill’s Luck Mine, which management views as central to future growth.

Following the publication of a preliminary JORC Mineral Resource Estimate in February 2026, the company is assessing an increase in processing capacity and is working towards commissioning a 50 tonne-per-day carbon-in-pulp (CIP) pilot plant in the second quarter of 2026.

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