Search results: price of gold

RBZ has released the details of the Mosi-Oa-Tunya Gold Coin.Said RBZ:Pursuant to the resolution of the Monetary Policy Committee of 24 June 2022 to introduce gold coins into the market as a store of value, the...

The country’s sole gold buyer and exporter Fidelity Gold Refinery (FGR) is targeting to buy 40 tonnes of gold this year, with experts optimistic that if the current incentives and timeous payments for gold deliveries are...

The gold industry requires in excess of US$1 billion in funding in the next 5 years to sustain growth and development, the Chamber of Mines said after reviewing factors that might hamper the achievement of the...

Gold mining in Zimbabwe is a major mainstay for millions in the Southern African country.There are over 4 000 recorded gold deposits in Zimbabwe of which nearly all of them are located on ancient workings. The...

Diversified resources group, RioZim Limited, says gold production is forecast to improve as Cam and Motor, the group’s high grade ore flagship gold mine is set to resume production.For the past two years, there was no...

Gold deliveries to the country’s sole buyer and marketer, Fidelity Printers and Refiners (FPR) rose 88% to 10.176 tonnes in the first four months of this year from 5.4 tonnes delivered during the same period last...

Sibanye Stillwater Ltd. chief executive officer Neal Froneman plans to resume battery-metals acquisitions within two to three years, once inflated asset valuations come down. The veteran dealmaker wants to make the metals that are key to powering...

Padenga expects to double gold output in 2022, backed by a US$29 million investment to start underground mining at Pickstone Mine and production from the newly reopened Eureka Mine.Eureka, which returned to production last year after...

Zimbabwe’s uncompetitive formal market could derail the government’s ambitious  gold mobilisation programme as compliance will be low, the Chamber of Mines of Zimbabwe has said.This  week the government launched the gold mobilisation programme as part of efforts to...

OUTPUT from Zimbabwe’s gold mines firmed to 7,6 tonnes during the first quarter, driven by fresh investments into resuscitating idle assets, as big operators deepened shafts.The sector produced four tonnes during the same period in 2021,...

It came after gold deliveries   for the period under review jumped 92% to 7.695 tonnes from 4.016 tonnes in the comparable period.The Reserve Bank of Zimbabwe (RBZ) governor John Mangudya told Business Times that the spike in international gold...

Zimbabwe’s gold export revenue more than doubled in the month of February  to US$134,99m  from US$66,18m achieved in the prior comparative period on the back of increased output and firming  prices, Business Times can report.Gold delivered to the country’s sole buyer...