Search results: price of gold

• Vast is set to commence operations in Chiadzwa Aim-listed Vast Resources has raised £600 000 through a placing of almost 400-million ordinary shares of 0.1p in the company at a price of 0.153p apiece. The placing was...

THE mining industry has so far lost more than US$200 million in revenue due to COVID-19 and production for the second quarter is expected to decline further by about 60%, Chamber of Mines of Zimbabwe (CoMZ)...

Gwanda gold miner Caledonia Mining Corporation Plc notes the announcement by His Excellency, President E.D. Mnangagwa on March 27, 2020, of a nationwide lockdown of Zimbabwe to restrict the spread of COVID-19 infections.  In terms of...

President Emmerson Mnangagwa announced that Zimbabwe will shut down for 21days from Monday the 30th of March 2020 as the country joins the rest of the world in trying to minimise transmission of the deadly Coronavirus...

Reserve Bank of Zimbabwe Governor Mr John Mangudya has announced that the United States Dollar can now be used as legal tender until further notice.In a statement issued yesterday night, the governor said this measure is...

Local currency continued downward trend has created huge savings for Blanket Mine due to devalued bank loans and electricity bills.Caledonia Mining Corporation’s chief executive officer, Steve Curtis acknowledged that an additional US$30 million on profits was...

THE Reserve Bank of Zimbabwe (RBZ) governor John Mangundya recently presented his Monetary Policy Statement (MPS) under the theme: Focusing on price and exchange rate stability.The statement came at a time when the thrust of the...

THE Reserve Bank of Zimbabwe (RBZ) has urged the mining sector to ramp up production in order to increase its contribution to the national fiscus.The mining sector is viewed as a locomotive of Zimbabwe’s development agenda,...

Despite the continued challenges being faced by the mining sector, some mines have managed to defy odds by consistently churning out positive results both for shareholders and the nation in general.During the course of the year,...

Machete gangs have wreaked havoc in the small scale mining industry and in rare reported cases have small-scale miners succeeded in foiling machete gang’s attacks.Ongoing blitz from the Police has had machete gang leaders going underground...

Caledonia Mining Corporation says earnings for 2019 will be “substantially higher” than forecast on firmer gold prices, higher than expected output and costs that were lower than projected.The Toronto-listed company runs the Blanket gold mine near...

Caledonia Mining Corporation Plc (Caledonia) shareholders will be smiling all the way to the bank after the gold miner announced it will post higher than expected earnings for 2019.Caledonia, which operates the Blanket gold mine in...