Search results: price of gold

Gold deliveries to Fidelity Printers and Refiners  (FPR) surged 45% to 25.36 tonnes in the 11 months  to November 30 2021 from 17.44 tonnes delivered in the prior comparative period due to improved mining conditions and...

Fidelity Printers and Refiners (FPR) is confident that gold deliveries to the country’s sole gold buyer and exporter, will reach the projected 100 tonnes delivery by 2023 as the sector is poised to fetch an annual...

Zimbabwe is bullish on reaching over 28 tonnes of the gold output this year following a good run averaging three tonnes per month since June.In June 2021, the half-year gold output was 9.948 tonnes. Output has...

The mining industry in Zimbabwe plays a significant role in the development of the country as it brings in foreign currency, contributes to government revenue and provides for infrastructure development.Dumisani NyoniSince 2009, the mining sector has...

In my previous articles I have written about valuation of businesses using the following methods:Discounted Cashflow Method (DCM), also called the Net Present Value (NPV) method.Price Earnings (PE) ratio method which uses the PE ratio of...

Gold deliveries to Fidelity Printers and Refiners (FPR) more than doubled to 2.94 tonnes in August from 1.27 tonnes reported in the same month last year amid rising confidence after authorities benchmarked prices to those offered...

Australian Stock Exchange-listed mining and exploration junior, Prospect Resources Limited has announced that Luzich Resources has executed the option agreement to buy 100 percent of the company’s Penhalonga Gold project. Rudairo Mapuranga According to Prospect, Luzich will complete...

Zimbabwe’s small scale miners are edging closure to sealing a deal with Chinese companies that will supply mining machinery, a move which is expected to boost gold production in the country.The development has seen gold miners...

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...

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...

Eureka Gold Mine, located near Guruve, is now operational after decades of inactivity and management expect to ramp-up to full production in the coming months.The gold mine was forced to shut operations after running into viability...