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Gold buying prices per gram in Zimbabwe, 29 August 2025

Gold buying prices per gram in Zimbabwe today, 29 August 2025, from the official gold buyer and exporter Fidelity Gold Refinery (FGR).

SG 90% and ABOVE US$103.53/g.
SG ABOVE 89% BUT BELOW 90% US$102.43/g.
SG ABOVE 80% BUT BELOW 85% US$101.34/g.
SG ABOVE 75% BUT BELOW 80% US$100.24/g.
SAMPLE BELOW 10g BUT ABOVE 5g US$98.60/g.

Fire Assay CASH $104.08/g.

NB: Fire Assay cash price is for gold above 100g; no sample is deducted.

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

A 2% royalty is charged on all deposits (Small-scale miners).

A 5% royalty is set for Primary Producers.

Will Zimbabwe’s Small Scale Miners Keep Up With Mercury Free Mandate?

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As Zimbabwe advances in its commitment to eliminate mercury use in gold mining, the spotlight has now shifted to the country’s artisanal and small-scale gold miners (ASGM).

By Rudairo Mapuranga

With a government-backed target of reducing mercury use by 4.85 tonnes in five years under the Planet Gold Zimbabwe initiative, the question many are asking is whether small-scale miners are ready to embrace the coming change.

The move, supported by the Ministry of Mines and Mining Development and the Ministry of Environment, Climate and Wildlife, is part of Zimbabwe’s obligations under the Minamata Convention. Yet despite the bold ambition, the ASGM sector, which contributes over 60 per cent of the country’s gold output, is still deeply reliant on mercury due to lack of affordable alternatives.

Zimbabwe Miners Federation (ZMF) CEO Mr. Wellington Takavarasha, speaking to Mining Zimbabwe on the sidelines of Planet Gold Zimbabwe mines bill and mineral bill analysis workshop, said the transition is both necessary and urgent, but admitted it must be managed carefully.

“Mercury is harmful, not only to the environment but also to the miners themselves. We understand the need to move away from it. But miners cannot just be expected to stop using it overnight without proper support and alternatives,” he said.

The Planet Gold Zimbabwe project, led by Project Manager Ms. Nyaradzo Mtonhori, is designed to address that gap. She said that the programme will introduce mercury-free gold processing technologies across 11 districts, with pilot profiling already underway. The National Metallurgical Laboratory is currently analysing ore samples to determine suitable non-mercury processing systems per region.

“The project is not just about banning mercury. It is about empowering miners with safer and potentially more productive technologies. We are training them, walking with them through the change, and ensuring they are not left behind,” said Mtonhori.

Technologies under review include gravity concentration, shaking tables, and chemical-free flotation processes. These methods are safer and more sustainable but require initial investment and capacity building.

Mtonhori acknowledged concerns within the sector. “We’ve heard some say, ‘this is all talk,’ or ask if it’s practical. That’s why our approach is rooted in evidence. We’re working with real miners, under real conditions, to demonstrate that this can work.”

The core of the worry from miners is that the transition will either come with prohibitive costs or criminalise those who fail to comply quickly enough. In areas like Gwanda, Penhalonga, and Mazowe, where ASGM is a livelihood for entire communities, miners have expressed mixed feelings about the new requirements.

“If mercury is banned, will we be arrested for continuing to use it? What will we use while we wait for the new machines?” asked one miner.

ZMF’s Takavarasha has been vocal about ensuring the mercury phase-out does not create an environment of victimisation. “The government must avoid treating miners like criminals. The rollout must be coupled with education, incentives, and support,” he said.

Planet Gold Zimbabwe has already launched community awareness campaigns, stakeholder meetings, and training sessions. According to Mtonhori, this is key to the programme’s success.

“You can’t bring in equipment and expect immediate adoption. We are not forcing anyone. We’re informing them, showing them the dangers of mercury and the benefits of safer methods,” she said.

The government has also pledged support, but funding remains a major concern. While Planet Gold Zimbabwe has access to a 24-million-dollar fund, reaching every miner remains a monumental task.

“We need to scale this programme. That means engaging local councils, millers, financiers, and NGOs. Everyone has a role to play,” said Mtonhori.

Beyond health and environmental concerns, there is also an economic incentive. Planet Gold Zimbabwe says some of the alternative technologies have shown higher gold recovery rates than mercury. This could be a game-changer for miners.

“Safer mining can also mean more profitable mining,” said Mtonhori. “That’s what we want miners to see for themselves.”

Takavarasha said ZMF is ready to work with the government to expand the reach of these technologies.

“We want to set up shared processing centres. Imagine a ward having a clean, government-supported milling plant where miners pay less and recover more gold without using mercury. That’s what success looks like,” he said.

There is also talk of possible incentives to accelerate the transition, such as tax breaks for mercury-free operators, funding schemes for equipment purchase, and even ESG-linked support from larger companies through Corporate Social Responsibility programmes.

But the success of the mercury phase-out ultimately hinges on policy clarity, strong partnerships, and grassroots trust. Miners are wary of abrupt legal changes, hidden costs, and inconsistent enforcement.

“Let us be clear: this is not about banning mercury to punish miners. This is about helping Zimbabwe lead in clean, safe, and profitable gold mining. The sector must be protected during the transition,” said Takavarasha.

As Zimbabwe looks ahead, its ability to balance environmental goals with economic realities will determine whether the mercury-free mandate becomes a story of success or lost opportunity.

The coming months will be critical. As Planet Gold Zimbabwe prepares to roll out its technologies and as Parliament deliberates the new Mines and Minerals Bill, the stakes are high, not just for gold production, but for the health of a sector that employs hundreds of thousands.

The future of mining in Zimbabwe is being rewritten, and the world is watching to see if Zimbabwe’s miners are given the tools and trust to write their chapter the right way.

Gold buying prices per gram in Zimbabwe today, 28 August 2025

Gold buying prices per gram in Zimbabwe today, 28 August 2025, from the official gold buyer and exporter Fidelity Gold Refinery (FGR).

SG 90% and ABOVE US$102.58/g.
SG ABOVE 89% BUT BELOW 90% US$101.49/g.
SG ABOVE 80% BUT BELOW 85% US$100.41/g.
SG ABOVE 75% BUT BELOW 80% US$99.32/g.
SAMPLE BELOW 10g BUT ABOVE 5g US$97.69/g.

Fire Assay CASH $103.12/g.

NB: Fire Assay cash price is for gold above 100g; no sample is deducted.

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

A 2% royalty is charged on all deposits (Small-scale miners).

A 5% royalty is set for Primary Producers.

Perfomance Laboratories Reports 150% Growth Amid Gold Price Surge

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Performance Laboratories, a commercial assay and analytical testing company, has recorded a 150% increase in mineral samples processed, largely driven by the recent rise in gold prices, Mining Zimbabwe can report.

By Ryan Chigoche

The surge in samples reflects a broader trend across Zimbabwe, where mining companies are ramping up exploration efforts to capitalise on the bullish bullion market.

Since early 2022, Performance Laboratories has seen a steady increase in submissions, highlighting more extensive exploration activity nationwide.

Historically, much of Zimbabwe’s mining potential has been under-explored. With gold prices now at record highs, companies are investing in thorough exploration programmes to extend the life of existing mines and uncover new opportunities.

This heightened activity has directly contributed to the increased demand for analytical testing services.

The strong performance of Zimbabwe’s gold sector is mirrored by global trends. Ongoing geopolitical tensions in Ukraine, the Middle East, and parts of Asia continue to reinforce gold’s appeal as a safe-haven asset, while central banks’ purchases to diversify reserves provide additional support.

Rising inflation and the possibility of US Federal Reserve interest rate cuts further strengthen gold’s attractiveness as a hedge.

Market outlooks for 2025 vary. Goldman Sachs projects gold could reach between US$3,500 and US$3,700 per ounce, while J.P. Morgan takes a more conservative view, forecasting around US$2,600 by year-end.

These projections, alongside sustained local production, suggest continued momentum for exploration and analytical services in Zimbabwe.

Supported by government policies and targeted industry programmes, Zimbabwe’s gold sector has experienced steady production growth.

With domestic output rising and international demand remaining strong, laboratories like Performance are preparing to expand capacity to meet the growing needs of the sector

Strong PGM Prices Boost Zimplats Despite Output Decline

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Zimplats, Zimbabwe’s largest Platinum Group Metals (PGM) producer, recorded an 8% revenue increase for the financial year ending June 30, 2025, as stronger PGM prices offset weaker production, Mining Zimbabwe can report.

By Ryan Chigoche

Revenue rose to US$826.6 million, up from US$767.1 million a year earlier, supported by a 13% increase in PGM prices.

This price rally lifted gross revenue per 6E ounce sold to US$1 349, compared to US$1 196 in FY2024, cushioning the impact of a 4% decline in sales volumes, which fell to 613 336 ounces from 641 265 ounces.

While revenue showed growth, Zimplats faced inflationary pressures. Cost of sales climbed 5% to US$720.3 million (FY2024: US$684.7 million), reflecting higher expenses from the expanded smelter operations.

The increase was partly offset by lower production and sales volumes, limiting the overall cost impact.

Despite rising costs, profitability strengthened significantly. Profit before tax nearly doubled to US$66.4 million from US$37.6 million.

After accounting for a US$25.9 million tax expense, mostly deferred due to capital expenditure, profit after tax surged almost fivefold to US$40.5 million from US$8.2 million in FY2024.

Free cash flow, however, was constrained by weaker sales volumes, while US$39 million in debt was raised during the year.

The company closed FY2025 with a stronger cash position of US$99.3 million, up from US$78.1 million in the prior year.

Output Under Pressure

While the financial performance was strong, production volumes told a different story. Mined ore fell 2% to 7.7 million tonnes (FY2024: 7.9 million), mainly due to limited availability of trackless mobile equipment at underground mines.

To mitigate the shortfall, Zimplats launched a short-term open-pit programme. The South Pit, commissioned in January 2025, contributed 3% of total ore volumes.

At the same time, 6E head grade improved 1% to 3.37 g/t, aided by grade-boosting initiatives across mining portals and higher contributions from flats at Mupani Mine, helping to offset lower-grade open-cast ore.

Ngwarati Mine, which had ceased production in June 2024 due to depletion, resumed pillar reclamation in April 2025, supported by fleets redeployed from Rukodzi Mine during its ramp-down.

Despite these measures, output at Mupfuti and Bimha fell 13% and 6%, respectively, due to equipment shortages, while Mupani Mine saw a 36% production increase in line with planned fleet expansion.

Ore milled dropped 6% to 7.4 million tonnes, reflecting the lower mined volumes.

On a positive note, the expanded smelter and the first phase of the SO₂ abatement plant were commissioned during the year, enhancing Zimplats’ processing capacity.

Namib Minerals lays groundwork for Mazowe revival

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Nasdaq Stock Exchange-listed mining giant, Namib Minerals, is laying the groundwork for a US$100 million investment at Mazowe Mine as part of its aggressive strategy to revive Zimbabwe’s forgotten gold assets and reposition the country on the global mining map, Namib Minerals CEO Ibrahim Sory Tall said in an exclusive interview with Mining Zimbabwe.

By Rudairo Mapuranga

Tall, who recently toured Mazowe Mine, confirmed that the capital expenditure will focus on reopening operations, rehabilitation, expanding production capacity, and conducting extensive exploration to double existing resources. However, he stressed that the company’s efforts hinge on strong collaboration with the Government of Zimbabwe, security agencies, and local stakeholders to tackle persistent illegal mining activities that may delay investment timelines and resource security.

“We have already done preliminary work and some assessments. Our capex is set at US$100 million for Mazowe. This will go into reopening the mine, expanding it, and exploration to grow our resource base. But illegal activity remains a serious blockage. We are in talks with the government and authorities to remove these challenges, and once resolved, we can deploy the investment immediately,” Tall said.

A Sleeping Giant of Zimbabwe’s Gold Belt

Mazowe Mine, located about 50km north of Harare, has historically been one of Zimbabwe’s most productive gold assets. Its closure, due to economic conditions that prevailed at the time, left a vacuum. Namib Minerals’ arrival marks a potential turning point, signalling renewed international interest in Zimbabwe’s dormant gold mines. The company’s plan to inject US$100 million is not just about reviving Mazowe but also about transforming it into a modern, world-class mining operation that integrates technology, safety, and sustainability.

The Elephant in the Room

During his visit, Tall acknowledged that illegal mining has long been a challenge across Zimbabwe’s gold sector and emphasised the need for a collective solution.

“Illegal mining activities are a reality in Mazowe and across the country, and they pose significant risks to safety, the environment, and the long-term value of these assets. Addressing this challenge requires collaboration between mining companies, government, security services, and local communities. At Namib Minerals, we are fully committed to working hand-in-hand with all stakeholders to restore order, protect the integrity of our operations, and ensure that Mazowe’s revival benefits the nation,” he said.

This reality is not unique to Mazowe. The Zimbabwe Miners Federation (ZMF) has repeatedly urged a structured approach where ASM can be formalised and integrated into the sector.

Namib Minerals’ Broader Zimbabwe Vision

Namib Minerals is not a speculative entrant. The company has already attracted attention globally by ringing the Nasdaq closing bell earlier this year, showcasing Zimbabwe at the heart of its portfolio. Its ambition is clear: revive gold mines and expand into green energy minerals such as copper, cobalt, and other rare earths.

Tall has said that Namib Minerals is targeting at least US$300 million in investments across multiple projects, including Redwing and Mazowe Mines. His visit to Mazowe underscores the company’s confidence in Zimbabwe’s untapped potential and marks the beginning of a decisive push to unlock it.

Namib Minerals’ approach is strategic:
· Reopen dormant mines with proven resources.
· Expand capacity through fresh exploration and capex.
· Align with Zimbabwe’s 2030 vision in which the country is expecting to become an upper-middle-income economy.

Government Engagement: Unlocking the Investment

Tall confirmed that Namib Minerals is in discussions with key arms of government, from the Ministry of Mines to local authorities, to pave the way for the smooth resumption of operations.

Zimbabwe has made investor protection a central talking point, with Mines Minister Winston Chitando repeatedly assuring that new players will be guaranteed security of tenure, transparent licensing, and support in dealing with legacy issues.

For Mazowe specifically, engagement will revolve around:
· Community engagement, ensuring all work takes community needs into account.
· Infrastructure rehabilitation.

If these elements align, Mazowe could rapidly transition back to production.

Why Mazowe Matters

Mazowe is not just another mine, but it is a strategic test case for Zimbabwe’s mining future.

For Zimbabwe, Mazowe’s revival could prove that dormant mines can be resuscitated by credible foreign investors, boosting production and exports. For communities, it promises formal employment, improved safety, and local development compared to the current unregulated artisanal operations.

Mazowe could become a blueprint for future mine revivals, attracting more foreign capital and accelerating Zimbabwe’s march towards its multi-billion-dollar mining industry target.

Kavango outlines funding risks as it targets US$13.5m in VFEX debut

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In an investor prospectus Kavango Resources has cautioned of potential significant funding challenges for its Zimbabwe projects as it moves closer to a secondary listing on the Victoria Falls Stock Exchange (VFEX), this week,Mining Zimbabwe can report.
By Ryan Chigoche
The miner, which operates locally through Kavango Zimbabwe, said its assets remain at an early stage of development and have yet to generate revenues.
Although directors believe existing proceeds will be sufficient for near-term working capital needs, the company stressed that advancing its exploration portfolio will demand fresh capital.
If mineralisation is confirmed through drilling, Kavango will require further funding to define JORC-compliant resources and complete feasibility studies.
This process is expected to take more than two years, followed by another two years or more to prove commercial viability.
That timeline underlines the importance of timely financing, which the company admits will depend heavily on investor appetite, global commodity and financial markets, and the regulatory environment.
According to the prospectus any delays or unfavourable terms could affect its financial standing and potentially result in the loss of licences. This risk is particularly pressing at the Nara project, where a tailings resource has already been identified and could be forfeited if capital is not secured in time.
To mitigate this, Kavango plans to exercise its option over Nara using proceeds from a potential UK subscription, while simultaneously looking to the VFEX for additional exploration capital.
The upcoming listing seeks to raise US$13.5 million to support the company’s ongoing operations and projects. As of last week, Kavango’s market capitalisation stood at US$44.24 million, which the company says reflects investor confidence in its long-term growth prospects.
The listing also ties into a broader trend in Zimbabwe’s mining sector. Authorities have positioned the VFEX as a gateway for foreign investment, offering hard currency capital at a time when junior miners often struggle to raise funds.
In recent years, the bourse has become increasingly attractive to resource companies, even as firms like Kavango highlight the long and uncertain path from exploration to production.

Huge Boost for Dokwe as Ariana Secures US$7 Million Funding

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London Stock Exchange-listed exploration firm Ariana Resources has raised US$7.14 million to advance its Dokwe Gold Project in Zimbabwe ahead of its debut secondary listing on the Australian Securities Exchange (ASX)  next month, Mining Zimbabwe can report.
By Ryan Chigoche
The fundraising follows the company’s recent announcement that the project will require significantly more than the initially budgeted US$82 million.
This figure came as updated assessments suggest Dokwe’s production potential could reach 100,000 ounces of gold per year, well above earlier estimates.
In May, Ariana announced that further exploration had identified resources of over one million ounces of gold. At current market prices, this could translate into potential revenue of approximately US$3.29 billion.
:Ariana Resources plc, the mineral exploration and development company with gold project interests in Africa and Europe, is pleased to advise that it has raised AUD11 million in gross proceeds under its Australian Securities Exchange (ASX) dual listing offer (ASX offer) which closed at 5pm AEST on August 14, 2025,” Ariana said in a statement.
“The ASX offer, to raise between AUD10-15 million (US$6.48 million to US$9.77 million) at a price of AUD0.28 per CDI (CHESS Depositary Interest), was open to eligible investors in Australia and certain other jurisdictions. Each CDI represents 10 underlying ordinary shares in the capital of the company.”
Ariana said the company was pleased to announce the capital raise.
“Accordingly, the company will issue 39,285,714 CDIs under the ASX Offer. An additional 157,062 CDIs will be issued under the separate ‘director offer’ under the prospectus in connection with the ASX Offer,” Ariana said.
On the ASX, a CDI is a unit of beneficial ownership in a foreign company’s financial product, such as shares, that is listed and traded on the ASX. CDIs allow Australian investors to buy shares in foreign companies that otherwise might be difficult to trade or settle on the CHESS system due to differences in legal systems.
“Application will be made for the new ordinary shares which on issue will rank pari passu side by side; at the same rate or on an equal footing] in all respects with the existing ordinary shares in issue to be admitted to trading on AIM (admission) and admission is expected to become effective on or around September 15, 2025.” the company added.
Upon admission, Ariana’s issued ordinary share capital will consist of 2,338,378,041 ordinary shares (including ordinary shares underlying the CDIs) with one voting right each.
However the company does not hold any ordinary shares in treasury. Therefore, from admission, the total number of ordinary shares (including ordinary shares underlying the CDIs) and voting rights in the company will be 2,338,378,041.
Meanwhile,Ariana is currently working towards completing the outstanding ASX conditions ahead of its listing next month.
Ariana owns 100% of the Dokwe Gold Project in Zimbabwe.
The project is made up of the Dokwe North and Dokwe Central gold deposits, which are located in the Tsholotsho District near the city of Bulawayo.
The deposits have a combined in-pit JORC Measured, Indicated, and Inferred Resource of over 1.42 million ounces of gold (as at March 2025), and the project represents the largest undeveloped gold project in Zimbabwe.

Zimbabwe to Host First-Ever Gemstone Conference and Fair in October

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Zimbabwe will host its inaugural Gemstone Conference and Fair from the 22nd to the 24th of October at the Harare International Conference Centre (HICC), bringing together stakeholders from across Africa and beyond to deliberate on innovations in gemstone mining, processing and trade, Mining Zimbabwe can report.
By Rudairo Mapuranga
The event, organised by the Zimbabwe School of Mines in partnership with the Minerals Marketing Corporation of Zimbabwe and other stakeholders, is expected to attract miners, traders, researchers, policymakers, and investors with a keen interest in the gemstone industry.
According to the organisers, the conference will feature exhibition stands, panel discussions, networking sessions, and a gemstones fashion show and dinner. The fair is designed to provide a platform for knowledge exchange while exploring sustainable mining practices, value addition and improved access to markets.
The conference comes at a time when Zimbabwe is making deliberate efforts to diversify its mining sector and unlock value from resources beyond the traditional gold and platinum industries. The gemstone sector has long been dominated by artisanal and small-scale miners, and the event is seen as a timely opportunity to formalise, professionalise and grow the industry.
Target participants include artisanal miners, gemstone traders and exporters, academics, regulators, investors, and enthusiasts. Early registration fees have been set at US$350, with late registration pegged at US$450, while exhibitors will pay US$500.
Abstract submissions are already closed, with the deadline 2 June 2025, while full paper submissions are due by 29 August 2025. The organisers expect strong participation from regional and international players given the increasing demand for coloured gemstones on global markets.
Zimbabwe’s first Gemstone Conference and Fair is anticipated to set the tone for a new chapter in the country’s mining landscape, creating opportunities for beneficiation, job creation and foreign currency earnings.
Rudairo Dickson Mapuranga

Mining Journalist

 Media Practitioner
+263784758657