Search results: price of gold

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...

Zimbabwe’s gold exports hit a record high of US$184.2m in July, mirroring the favourable Reserve Bank of Zimbabwe (RBZ)’s policies and improved commodity prices on the international markets.The export receipts reflected a 132% increase from US$79.3m...

Controversial Israeli businessman, Luka Ignatius Fabris, is setting up a multi-million-dollar mineral processing plant at Tafuna Hills in Shamva district, Mashonaland Central.Fabris confirmed the development saying he was undertaking the project with some partners.“This is a...

Zimbabwe’s gold export receipts rose 23% to US$464.2m in the first six months of this year from US$377.9m achieved in the prior comparative period propelled by firming prices on the international markets.The yellow metal was on...

THE country’s gold output last month increased by 75 percent to 2,924 tonnes from 1,668 tonnes in May on the back of incentives availed by the Reserve Bank of Zimbabwe (RBZ).Latest statistics released by Fidelity Printers...

Zimbabwe’s gold deliveries more than doubled to 2.92 tonnes in June from 1.409 tonnes during the same period last year on incentives as experts say the upward trajectory would be maintained throughout the year.Last month, the...

THE rate at which gold, the country’s biggest foreign currency earner, is being illegally smuggled out of the country is worrying.According to official statistics, Zimbabwe is losing at least US$100 million worth of gold every month,...

Sibanye-Stillwater may wind down its three South African gold mines in the next decade or so as it becomes harder to exploit ageing assets in an industry that was once the world’s largest. The company is among the few...

Zimbabwe's Apex bank will allow large-scale gold mining companies to directly export a portion of their bullion, an official said, as the bank gradually eases its control of gold trading in the country.The Reserve Bank of...

Better Brands Jewellery (BBJ), a local gold-buying agent, has delivered 1,39 tonnes of gold to Fidelity Printers and Refiners (FPR) so far this year, which eclipses cumulative deliveries by the small-scale mining sector.BBJ founder and chief...

The Reserve Bank of Zimbabwe (RBZ) has slashed small scale miners’ royalties and the cost of importing cash as part of efforts to improve gold deliveries to Fidelity Printers and Refiners (FPR) and stem the smuggling...

The National Gold Buyers Association (NGBA) an affiliate of the Zimbabwe Miners Federation (ZMF) through its chairperson Mr Pedzisai Scott Sakupwanya has pledged to deliver 37 tonnes of gold to the country’s sole gold buyer and...