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
