Search results: price of gold

Embattled diversified mining firm RioZim Limited saw its group loss widen dramatically in 2024, with the company reporting a ZWG628.4 million deficit—more than quadruple the ZWG107.7 million loss posted the previous year amid operational setbacks in...

Zimbabwe's platinum mining sector is entering a new era of opportunity as global platinum prices surge to three-year highs, with the precious metal recently breaking through the $1,050 per ounce barrier. This signifies potential for the...

Fidelity Gold Refinery (FGR), Zimbabwe’s sole authorised gold buyer and exporter, is reshaping the country’s approach to artisanal and small-scale mining (ASM) through a multi-faceted strategy centred on responsible sourcing, formalisation, community empowerment, and logistical innovation,...

RioZim, once a dominant player in Zimbabwe’s gold sector, has hit a new low. The mining firm’s gold output fell by a staggering 54% in 2024, just as other companies are thriving thanks to record-high gold...

Geologists in China may have uncovered what could become the largest gold mine in the world, following the discovery of a massive deposit beneath the Wangu gold field in Hunan Province, Mining Zimbabwe can report. By Rudairo...

Zimbabwe recorded its first trade deficit contraction in 2025, largely due to the strong performance of the mining sector, particularly gold and nickel exports, which offset declining imports. By Ryan Chigoche According to newly released Zimstat data, the...

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 gold sector has the potential to grow into a 100-tonne-per-year industry, but doing so will require more than ambition—it will demand over US$1 billion in fresh capital, targeted policy reform, and structural changes in how...

Platinum Group Metals (PGMs), Gold, and Critical minerals value chain are set to dominate discussions at the upcoming Chamber of Mines of Zimbabwe Annual Conference in Victoria Falls, scheduled for May 21–24, 2025. According to the Chamber...

British exploration firm Kavango Resources Plc has announced encouraging early drilling results from Prospect 3 of its Hillside Gold Project in Matabeleland, southern Zimbabwe. By Ryan Chigoche The Hillside Project is Kavango’s most advanced venture in the country....

Australian mining company Prospect Resources Ltd has shifted its focus towards gold exploration after disappointing outcomes at its Step Aside and Bikita Gem lithium projects in Zimbabwe. The strategic pivot marks a significant realignment for the...

Toronto Stock Exchange (TSX)-listed Pambili Natural Resources Corporation has announced plans to raise C$500,000 (US$352,000) through a series of convertible loan notes issued to qualified investors. The raise is subject to approval by the TSX Venture...