Search results: gold prices

Illegal gold panners are wreaking havoc in Matabeleland South, damaging public infrastructure such as roads and schools as they search for the yellow metal.Matabeleland Institute for Human Rights Coordinator Khumbulani Maphosa said it was criminal and...

Gold prices rose above $1,800 per ounce on Monday after the US dollar retreated from multi-month highs, while investor concerns that the Delta coronavirus variant could dampen the pace of global economic recovery also lifted bullion’s...

Zimbabwe’s sole gold buyer, Fidelity Printers and Refiners (FPR) is cautious of reaching 27 tonnes of gold output this year due to the late interventions by the monetary authorities. Prior to the 5% incentives for those who...

Small scale and artisanal miners continue to outshine large scale producers in gold deliveries to the country’s sole gold buyer and exporter, Fidelity Printers, and Refiners (FPR) contributing over 52% of the total deliveries during the...

Zimbabwe’s gold exports hit a record high of US$184.2m in July, mirroring the favourable Reserve Bank of Zimbabwe (RBZ)’s policies and improved commodity prices on the international markets.The export receipts reflected a 132% increase from US$79.3m...

In a new research note, Goldman Sachs says the copper price is “poised for the next leg higher” as short term headwinds fade and fundamentals point to a significant demand boost further out.Mining Goldman says the copper concentrate...

Zimbabwe’s gold export receipts rose 23% to US$464.2m in the first six months of this year from US$377.9m achieved in the prior comparative period propelled by firming prices on the international markets.The yellow metal was on...

Zimbabwe’s gold deliveries more than doubled to 2.92 tonnes in June from 1.409 tonnes during the same period last year on incentives as experts say the upward trajectory would be maintained throughout the year.Last month, the...

THE rate at which gold, the country’s biggest foreign currency earner, is being illegally smuggled out of the country is worrying.According to official statistics, Zimbabwe is losing at least US$100 million worth of gold every month,...

Sibanye-Stillwater may wind down its three South African gold mines in the next decade or so as it becomes harder to exploit ageing assets in an industry that was once the world’s largest. The company is among the few...

Zimbabwe's Apex bank will allow large-scale gold mining companies to directly export a portion of their bullion, an official said, as the bank gradually eases its control of gold trading in the country.The Reserve Bank of...

Better Brands Jewellery (BBJ), a local gold-buying agent, has delivered 1,39 tonnes of gold to Fidelity Printers and Refiners (FPR) so far this year, which eclipses cumulative deliveries by the small-scale mining sector.BBJ founder and chief...