Search results: gold prices

International oil prices have climbed to their highest levels in five months, with Brent crude briefly jumping 5.7% to US$81.40 a barrel before easing to US$78.39. Meanwhile, U.S. West Texas Intermediate rose 2.6% to US$75.76. By Ryan...

Zimbabwe’s diamond industry defied global market trends with an extraordinary 912% surge in exports in April 2025, rising from $3.66 million in March to $33.47 million, according to the latest trade data from Zimstat. This sharp rise...

In a striking development that speaks volumes about Zimbabwe's evolving financial landscape, Caledonia Mining Corporation Plc has revealed that it has raised more equity capital on the Victoria Falls Stock Exchange (VFEX) than on the prestigious...

Karo Platinum, a Zimbabwean platinum group metals (PGM) project owned by Tharisa, is ramping up construction at its Chegutu site as it works to close a $165 million funding round critical to completing the first phase. By...

Zimbabwe’s Platinum Group Metals (PGM) sector, a major foreign currency earner second only to gold, is reeling from a combination of suppressed global prices, power supply fragility, and a punishing effective tax burden now estimated at...

A sharp spike in global copper prices has dealt a heavy blow to CAFCA Limited’s bottom line, slashing its profit after tax by a staggering 72% for the half-year ended March 31, 2025. By Ryan Chigoche Despite a...

Zimbabwe’s economic strategy of de-dollarisation will only succeed if the mining sector remains viable, profitable, and competitive, Deputy Minister of Finance and Investment Promotion, David Kudakwashe Mnangagwa, told delegates at the 2025 Chamber of Mines Annual...

Thomas Lusiyano stands out as one of Zimbabwe's most dynamic and multi-faceted business leaders. With over 25 years of executive leadership in mining, logistics, and consulting, he is regarded as one of the most sought-after industry leaders.Currently,...

Bulawayo Mining Company (BMC), which owns How Mine in Bulawayo, is planning to spend US$4.5 million on expansion projects that are expected to ramp up the current level of production by 18%, Mining Zimbabwe can report. By...

Local suppliers have been urged to act responsibly and avoid profiteering when selling goods and services to Zimbabwe’s small-scale mining sector. There is growing concern that inflated prices are threatening the viability of operations for many...

The Victoria Falls Stock Exchange-listed Caledonia Mining Corporation has reported a net foreign exchange loss of US$9.7 million in 2024, up from US$6.8 million the previous year, marking a 30% increase. The rise in these losses...

Zimbabwe’s ferrochrome production is set for a major boost as two key players, Zimasco Mining Company and Afrochine Smelting Company, ramp up investments in mine expansion and smelting capacity. These strategic initiatives are expected to ensure...