Search results: price of gold

Fidelity Printers and Refiners (FPR) is paying artisanal and small scale miners on the spot gold  at prevailing world prices but deducting royalties and costs of importing cash into the country which is forcing players to...

Zimbabwe’s gold export receipts plummeted 46% to record US$53.1m in January 2021 from US$98.1m during the same month last year due to delays in payments and heavy rains, the Reserve Bank (RBZ) has said.With heavy rains,...

Zimbabwe is losing millions of dollars through side marketing and smuggling of gold, Reserve Bank of Zimbabwe governor John Mangudya has said, as deliveries by small scale miners decline.Analysts, however, said government policies were promoting illicit...

DAVID Brown’s association with Zimbabwe’s mining sector dates back to his six years as CEO of Impala Platinum (Implats) which ended in 2012.During that time, he met with the late former President Robert Mugabe, in an...

Gold deliveries plunged by more than half to 0.99 tonnes in January from 2.54 tonnes recorded in the same month last year weighed down by heavy rains which slowed mining activity, Fidelity Printers and Refiners (FPR)...

Uncertainty around the global economy will not only support gold as an asset class but also drive consumption of the precious metal, especially in emerging markets, according to the latest Gold Outlook 2021. This follows gold being...

Sibanye-Stillwater (JSE: SGL) (NYSE: SBGL) announced that it's South African PGM operations exceeded by 9% the upper limit of its revised 2020 annual guidance of 1.35 – 1.45 million 4Eoz. According to the company, the second half...

Gold investors critical of lavish executive payouts plan to vote down compensation at upcoming annual shareholder meetings, as soaring prices for the precious metal spur dealmaking.It is the latest knock against an industry that had only recently won...

Last year a ‘control’ index was drawn up for rare earth mines as China became more aware of the strategic value of this sector; This was a counter lever to US sanctions in the trade war,...

Mining in Zimbabwe has become the cake that everyone wants a slice of. It is a very viable industry with handsome returns, though not easy to partake in. Mining is steep in Capital requirements but if...

In Zimbabwe elemental mercury is used in artisanal and small-scale gold mining. Mercury is mixed with gold-containing materials, resulting in the formation of the mercury-gold amalgam which is then heated, vaporizing the mercury to obtain the...

Gold deliveries to the country’s sole buyer Fidelity Printers and Refiners (FPR) are expected to plunge 35% this year due to increased smuggling and the negative impact of the Covid-19 pandemic.Gold is the country’s single largest...