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Gold buying prices in Zimbabwe per gram/ ounce, 24 November 2025

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Gold buying prices in Zimbabwe per gram/ ounce, 24 November 2025, from the official gold buyer and exporter Fidelity Gold Refinery (FGR).

1 oz = 31.1035 g

CategoryPrice ($/g)Price ($/oz)
SG 90% and ABOVE123.74$3,848.75
SG 85% and above but below 90%122.43$3,808.00
SG 80% and above but below 85%121.12$3,767.26
SG 75% and above but below 80%119.81$3,726.51
Sample 5g and above but below 10g117.85$3,665.55
Fire Assay CASH124.39$3,868.96

 

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.

Sandawana Mines Unveils Massive Lithium Resource, Unveils Phased Development Strategy for 3,882-Hectare Site

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In a landmark revelation that underscores Zimbabwe’s potential as a global lithium powerhouse, Sandawana Mines has announced the discovery of a preliminary resource estimate of 60 million tonnes of lithium ore within just the first of three partitioned blocks of its vast mining claim, Mining Zimbabwe can report.

By Rudairo Mapuranga

The announcement was made by Sandawana Mines General Manager, Godwin Gambiza, during a detailed technical briefing on the sidelines of the recent Build, Operate, and Transfer (BOT) project update meeting held at the mine in Mberengwa. The update provides the most concrete data to date on the scale of the resource that underpins the planned $270 million lithium concentrator.

Gambiza detailed a methodical strategy for developing the mine’s 3,882-hectare (38.82 square kilometre) site. The company has partitioned the land into three distinct blocks:

Block A: Comprising 30% of the total area, and the current focus of exploration and the impending partnership with a Chinese consortium for the concentrator plant.

Block B: Encompassing 45% of the land.

Block C: Constituting the remaining 25%.

This phased approach allows the company to de-risk the project and attract targeted investment for each block.

“We are so far talking to other investors about Block B, talking to other investors about Block C,” Gambiza stated, highlighting the significant yet untapped opportunity that the partitioned strategy unlocks. “So you can see the opportunity that exists at Sandawana, how big and wide it is.”

The company’s exploration campaign, which commenced in late 2022 and early 2023, has been intensely focused on Block A. The work has been executed in two rigorous phases:

Phase One: Involved drilling an extensive 102,000 metres, which led to a JORC-compliant resource statement certifying 40 million tonnes of resource at an average grade of 1.4% lithium oxide.

Phase Two: Saw a further 27,000 metres of drilling, with all assays received from external ISO-certified labs.

The data from the second phase is now being used to update the block model, and preliminary indications point to a substantial increase in the resource.

“We are looking at increasing the resource size from the current 40 to sit at around 60 million tonnes of lithium ore,” Gambiza revealed. He emphasised the sheer scale of the find by noting, “And this is just Block A only… we only explored 45% of it.”

With a “bankable feasibility resource” now established in Block A, the project is poised to advance to the infrastructure and construction stage. The partnership with a consortium of Chinese firms, operating under a BOT model, is specific to developing Block A. The Chinese partners will finance, build, and operate the concentrator for a minimum of five years before transferring ownership back to Kuvimba.

This strategy allows Sandawana Mines to fund future exploration of Blocks B and C from the profits generated by Block A’s production. “Then, as we produce, from the profits that we generate, we also then allow or provide for CAPEX to embark on the next phase of exploration,” Gambiza explained, outlining a self-sustaining cycle of growth for the mine.

The planned concentrator, with a capacity to process 600,000 metric tonnes of ore annually, is slated for commissioning in early 2027, a timeline that Kuvimba CEO Trevor Barnard believes will coincide with a forecasted recovery in lithium prices.

This exploration success solidifies Sandawana’s position as a cornerstone of Zimbabwe’s mining future. As the only major lithium mine in the country that is wholly owned by Zimbabweans through its parent company, Kuvimba Mining House, its development is being closely watched as a barometer for the nation’s ambition to capture greater value from its mineral resources.

Govt Warns Small-Scale Miners of Increased Risks During Rainy Season

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The Ministry of Mines and Mining Development has issued a warning to small-scale miners over the heightened risks associated with mining during the rainy season, Mining Zimbabwe reports.

By Ryan Chigoche

The warning comes in the wake of a recent incident in Kadoma, where six miners are feared dead following shaft floods. Not long ago, in Silobela, seven miners died after being trapped underground when the shaft flooded.

Mining accidents during the rainy season are not uncommon in Zimbabwe. According to the Chamber of Mines, fall-of-ground incidents remain the leading cause of mining deaths, often worsened by weak ground support and heavy rainfall, highlighting the persistent risks that small-scale miners face during the wet season.

In a statement issued by Mashonaland West Province Provincial Mining Director Shingirai Makumbe, miners were urged to exercise extreme caution during the rains.

“As the rainy season begins, the Ministry of Mines urges all small-scale and artisanal miners across the country to exercise extreme caution and prioritise safety in their operations. The onset of rains significantly increases the risk of fatal incidents in mining areas. Heavy downpours weaken ground structures, flood underground shafts, cause slope failures, and can result in sudden mine collapse. Many past accidents during this period have been linked to unsafe working conditions made worse by saturated soils and uncontrolled water inflows,” Makumbe said.

To enhance safety, the Ministry urged miners to:

  1. Avoid working in underground shafts or open pits with visible cracks, loose ground, or signs of water seepage.
  2. Reinforce all support structures regularly and inspect them throughout the rainy period.
  3. Ensure proper drainage systems are in place to reduce water accumulation around workings.
  4. Work in teams and maintain clear communication, avoiding isolated operations.
  5. Stay alert to weather forecasts and suspend operations during heavy rainfall or storms.

Miners are also advised to report hazardous conditions immediately to the Ministry of Mines, the Civil Protection Unit, other law enforcement agencies, and community leaders.

“Safety remains the highest priority. No amount of gold or other mineral output is worth the loss of life,” he concluded.

Police release the names of deceased miners from Etina shaft flooding

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The Zimbabwe Republic Police (ZRP) has released the names of six miners who perished following an underground shaft flooding at Golden Reef Mine in Etina, Kadoma.

In a statement released on Friday, Police spokesperson Commissioner Paul Nyathi said the victims were trapped after water rushed into the shaft they were working in, causing a sudden and deadly inundation.

The deceased were identified as

  • Jacob Maposa, a male adult of plot 31 Umbark, Kadoma
  • Colleen Sibanda, a male adult of 31 Umbark, Kadoma
  • Nevers Makarichi, a male adult of 21 Umbark, Kadoma
  • Simbarashe Bangira, a male adult of plot 42, Umbark, Kadoma
  • Danai Mashoko, a male adult of plot 42 Umbark, Kadoma
  • Givemore Chiredzi, a male adult of Maratonga Village, Kadoma

Police urged miners across the country to exercise extreme caution, particularly during the rainy season when flooding risks increase.

“The Zimbabwe Republic Police reiterates that miners should strictly adhere to the country’s mining safety regulations to safeguard human lives. Above all, miners should avoid entering shafts that are prone to flooding, particularly during and after rainfall,” Commissioner Nyathi said.

The rainy season traditionally claims the lives at poorly managed mine sites across the country. Despite calls from relevant authorities and mining bodies, artisanal miners continue to lose their lives unnecessarily, prompting calls for artisanal mining to be stopped during the rainy season.

Investigations into the circumstances surrounding the incident are ongoing.

BREAKING: Gift Mapakame elected Mine Managers President

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Gift Mapakame has been elected the Association of Mine Managers of Zimbabwe (AMMZ) President at the ongoing 2025 AMMZ Conference and AGM.

Makapame, whose tenure will run from now until November 2027, currently serves as the General Manager of Kuvimba-owned Shamva Gold Mine.

He will be deputised by RZM Murowa’s George Wayeni.

The following will serve as Council members.

Council Members

Abel Makura (Past President) Mototolo Mine RSA
Dave Matyanga – Secretariat
Ray Chiridza – Acol Chemicals
Lewis Munyoro – PAN AFRICAN
Eddington Vere – Kuvimba Mining House
Larnston Gowera – Vision ai
Sandres Sandres – Freda Rebecca
Elton Gwatidzo – Blanket Mine
Alfred Chinyere – Freda Rebecca
Coburn Katanda – Pickstone Peerless

Fidelity projects 2025 Gold Target Will Be Exceeded by 12.5%

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Zimbabwe’s gold sector is poised for a strong finish in 2025, with Fidelity Gold Refinery (FGR) projecting deliveries that could exceed government expectations.

By Ryan Chigoche

The upward momentum is expected to carry into 2026, with a further surge anticipated on the back of bullish gold prices and supportive domestic reforms that have strengthened confidence among miners, Mining Zimbabwe can report.

Over the last four years, Zimbabwe has mirrored global gold production trends, steadily increasing deliveries despite periods of international uncertainty.

Gold output grew from 29.6 tonnes in 2021, with subsequent years reflecting similar upward pressure. By 20 November 2025, Fidelity had averaged 4 tonnes per month, contributing to an overall 29 per cent growth rate between 2021 and 2025. This trend provides the basis for the strong projections for the remainder of 2025.

Speaking at the Association of Mine Managers of Zimbabwe (AMMZ) AGM and Conference in Victoria Falls, FGR General Manager Peter Magaramombe said the company expects to surpass this year’s state target.

“The current monthly gold delivered average is 4 tonnes per month. Assuming that this trend is maintained for the remaining period, and in terms of the remaining period, we are saying from the 20th of November to the 31st of December 2025, we are expecting an additional 5 tonnes of gold. With this hope, for the remaining period, we have projected that Fidelity could close the year at 45 tonnes of gold, surpassing the state target of 40 tonnes and 5 tonnes,” he said.

If achieved, this would represent a 12.5 per cent increase over the government’s projection, signalling the potential for a stronger-than-anticipated finish to the year.

Magaramombe also highlighted that the positive trend is expected to continue into 2026.

“…Then in terms of the gold delivery outlook for the year 2026, while the gold price is not the only determinant factor in terms of driving growth in gold deliveries, the positive influence of bullish gold prices cannot be ignored. Based on this, the total gold deliveries for the year 2026 are projected at 50 tonnes, representing a further surge expected in 2026 on the back of bullish gold prices. This growth represents an 11 per cent growth rate, taking into consideration the 45 tonnes projected to be delivered in the year 2025,” Magaramombe said.

The sector’s resilience is supported by a surge in global bullion prices, with gold trading below US$2,000 per ounce in January 2021 and reaching around US$4,000 per ounce by 2025, an increase of more than 100 per cent.

Rising prices have reinforced gold’s status as a safe-haven asset amid geopolitical uncertainty, incentivising miners to sustain and increase production.

Domestically, reforms such as transparent payment systems, macroeconomic stabilisation, and the formalisation of the artisanal and small-scale mining (ASM) sector have also contributed to the projected growth.

Both ASM and large-scale miners remain critical to national output, with typical seasonal variations, including lower deliveries in the first quarter due to rainfall, taken into account in projections.

Looking ahead, Fidelity’s 2026 outlook remains optimistic. While institutional forecasts vary, with some predicting prices above US$4,400 per ounce, Fidelity is working with a conservative estimate of US$4,600 per ounce, reflecting strong central bank demand and sustained investor appetite.

If these projections materialise, Zimbabwe’s gold sector will build on a multi-year growth trend, reinforcing its position as a key contributor to foreign currency earnings and national economic stability.

Gold buying prices in Zimbabwe per gram/ ounce, 21 November 2025

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Gold buying prices in Zimbabwe per gram/ ounce, 21 November 2025, from the official gold buyer and exporter Fidelity Gold Refinery (FGR).

1 oz = 31.1035 g

CategoryPrice ($/g)Price ($/oz)
SG 90% and ABOVE124.28$3,865.54
SG 85% and above but below 90%122.96$3,824.49
SG 80% and above but below 85%121.65$3,783.74
SG 75% and above but below 80%120.33$3,742.68
Sample 5g and above but below 10g118.36$3,681.41
Fire Assay CASH124.93$3,885.76

 

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.

AMMZ Hails Hwange’s “Massive Rebound,” Highlights National Impact of Coke Oven Revival

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The multi-million-dollar refurbishment of Hwange Colliery’s coke oven battery is a pivotal step in value addition and a clear signal of the company’s powerful rebound, Shamva Mine General Manager and Association of Mine Managers of Zimbabwe (AMMZ) committee member, Eng. Gift Mapakame has said.

By Rudairo Mapuranga

Speaking during a technical visit by AMMZ to Hwange Colliery Company Limited, Mapakame expressed his optimism after witnessing the ongoing work at the facility, which he described as a critical national asset.

“Right now, we are at coking battery number two, which is undergoing refurbishment,” Mapakame stated. “And it’s interesting to see how the company, in its efforts to resuscitate primary operations, has also invested in value addition and beneficiation of its products.”

He provided key context on the project, noting that the battery was initially commissioned in 1987 and was shut down in 2014. The recent investment of approximately US$7.5 million to bring it back into operation, he argued, addresses a key national shortfall.

“[It’s important] to appreciate the demand for some of the products that historically we had been sitting on in terms of potential,” Mapakame said. “We are told that the country is a net importer of coking coal, which is used for various applications, mainly in metallurgical processes.”

Beyond the primary product, the Shamva GM also highlighted the economic value of the by-products from the coking process, such as tar, which is used in construction and civil engineering applications.

Mapakame reserved significant praise for Hwange’s broader strategic direction under its new administration. He described the company as being on a “massive rebound,” crediting the establishment and simultaneous revitalisation of five Strategic Business Units (SBUs).

“Under the administration and new management, the company is on a massive rebound,” he affirmed. “It is almost as certain as we stand here that the company is on a rebound trajectory to become one of the major contributors in terms of our nation’s GDP, and also, in general, our fiscal.”

The Shamva Mine GM concluded by pointing to the positive implications for the mining profession itself. The anticipated growth at Hwange, he noted, presents a “huge potential” for professionals within the AMMZ, predicting that “a lot of professionals are actually going to end up here in Hwange, contributing and working for the company.”

The comments underscore a growing sentiment within Zimbabwe’s mining fraternity that Hwange Colliery’s revival is a key barometer for the health and future of the entire industry.

ZAWIMA Advocate Calls for Equity in Zimbabwe’s Critical Minerals Bill

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In an effort to ensure the rights of communities, artisanal miners and small-scale miners are protected regarding the proposed critical minerals framework in the Mines and Minerals Amendment Bill, Blessing Hungwe, the patron of the Zimbabwe Association of Women in Mining Associations (ZAWIMA), has raised urgent concerns about the potential displacement of discoverers of strategic mineral deposits, Mining Zimbabwe can report.

By Rudairo Mapuranga

Speaking at a ZAWIMA awareness session on the proposed legislation funded by the UK’s Foreign, Commonwealth and Development Office (FCDO), Hungwe emphasised that small-scale miners, particularly women, often serve as the initial discoverers of valuable strategic minerals but risk being excluded from the benefits when larger investors enter the picture.

“We, the small-scale miners, are the ones who discover this strategic mineral,” stated Hungwe. “Right now, I mine. I’m the one who unlocks the strategic minerals. How safe are we that we might not be displaced tomorrow because the State is saying they have to partner with somebody with the money? What about me, the small-scale miner? We have discovered the mineral, yet it’s silent about the small-scale miners on that.”

Her concerns centre on provisions in the bill that designate certain minerals as “strategic” and grant the minister significant discretion in determining who can mine them, typically requiring proof of substantial financial capacity that excludes small-scale operators.

The proposed legislation comes at a time when Zimbabwe is positioning itself to benefit from global demand for critical minerals essential for clean energy technologies, particularly lithium, which has seen significant discoveries in areas like Mberengwa, where artisanal miners have historically operated.

Internationally, approaches to compensating communities and small-scale discoverers of mineral resources vary significantly, offering potential models for Zimbabwe’s consideration:

In Australia, the mining industry operates under native title agreements that provide Indigenous communities with financial compensation, employment opportunities, and business development support. Recent lithium mining agreements in Western Australia have included structured benefit-sharing arrangements that provide traditional owners with royalty streams and equity participation in mining ventures, creating long-term wealth generation beyond immediate compensation for land use.

The United States operates under the General Mining Law of 1872, which establishes a system of locatable minerals on federal lands. While this system has been criticised for its historical approach, modern practice increasingly includes benefit-sharing agreements with Indigenous communities. Recent critical minerals initiatives under the Biden administration have emphasised community benefit agreements and environmental justice components, ensuring that mining projects deliver tangible benefits to local populations.

Across Africa, several nations have developed innovative approaches. In Ghana, the Mineral Development Fund allocates a portion of mining royalties to local communities and traditional authorities, creating a direct benefit stream from mining operations. Similarly, Botswana’s mining revenue-sharing model has been praised for directing a significant percentage of diamond mining revenues to local development projects and national savings.

South Africa’s Mining Charter includes specific provisions for community participation, requiring that mining rights holders facilitate meaningful participation from affected communities through equity ownership, mine community development, and human resource development.

Hungwe’s advocacy extends beyond traditional compensation models, suggesting that communities and discoverers should receive equity in mining ventures. “Although communities don’t have titles for the land, after compensation with houses and other land, maybe for farming, they should also be included in the shareholding structure,” she asserted, pointing toward a more sustainable model of benefit sharing.

This approach aligns with emerging best practices in resource governance that recognise mineral wealth as a national asset that should benefit all citizens, particularly those directly affected by extraction. Equity participation ensures that communities share not just in the burdens of mining operations but also in the long-term wealth generation.

Legal experts note that incorporating such provisions would require specific amendments to the Mines and Minerals Bill, potentially including:

  • Clear definitions of artisanal and small-scale miners that recognise their role in mineral discovery
  • Provisions for preferential rights for discoverers of mineral deposits
  • Mandatory community equity participation in strategic mineral projects
  • Establishment of a benefit-sharing mechanism that directs a percentage of mining revenues to local development
  • Protection against the arbitrary displacement of artisanal miners who have discovered strategic minerals

The ZAWIMA dialogue highlighted particular concerns about how women miners might be excluded from the benefits of strategic mineral development. Hungwe noted that “many women just take sands from the riverbeds and then they wash and they get gold,” yet these activities are not properly recognised or protected in the current legal framework.

The absence of gender-responsive provisions in the mining legislation could perpetuate existing inequalities in the sector, where women often participate in the most labour-intensive and least lucrative aspects of mining while being excluded from decision-making processes and higher-value opportunities.

Research from other mining jurisdictions shows that including gender perspectives in mineral governance leads to more equitable outcomes and more sustainable community development. Mechanisms such as reserving a percentage of small-scale mining licences for women, ensuring women’s representation in community mining committees, and designing benefit-sharing schemes that address women’s specific needs can help create a more inclusive mining sector.

As Zimbabwe moves to finalise its Mines and Minerals Amendment Bill, stakeholders like ZAWIMA are advocating for provisions that balance the need to attract investment in strategic minerals with the imperative to protect the rights of artisanal miners, small-scale operators, and local communities.

The inclusion of clear mechanisms for equity participation, benefit sharing, and protection of discoverers’ rights could position Zimbabwe as a leader in equitable mineral governance while ensuring that the benefits of the country’s mineral wealth are broadly shared.

With global demand for critical minerals projected to grow exponentially in the coming decades as the world transitions to clean energy, establishing fair and transparent governance frameworks now will determine whether Zimbabwe’s mineral endowment becomes a source of inclusive development or further inequality.

The ongoing consultations on the Mines and Minerals Amendment Bill represent a critical opportunity to embed principles of equity and justice at the heart of Zimbabwe’s mining sector, ensuring that those who discover and live alongside strategic mineral deposits are not merely compensated for displacement but become genuine partners in the development of these resources.

Six Miners Feared Dead After Shaft Floods in Kadoma

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Police in Kadoma have launched an investigation into a mine accident at Golden Reef Mine in Etina, Eiffel Flats, where six miners are feared dead after an underground shaft flooded on 19 November 2025.

In a statement, the Zimbabwe Republic Police confirmed the incident, saying, “Police in Kadoma are investigating a mine incident which occurred on 19/11/25 at Golden Reef Mine, Etina, Eiffel Flats. Six miners, who were working in an underground shaft approximately 40 metres deep, are suspected to have died after the shaft flooded. Efforts to retrieve the bodies are underway.”

Rescue teams and mine authorities remain on-site as recovery efforts continue. The police said further details will be released as the investigations progress.