Search results: price of gold

The Reserve Bank of Zimbabwe (RBZ) has caved in to demands from small scale gold producers giving them the greenlight to retain 100% of their foreign currency receipts among a raft of measures to plug leakages...

Gold prices are likely to continue their upward journey as investors know that the gold price has broken significant resistance. This resistance level, formed in 2011, reached an all-time high at $1921. As of today, the gold...

Fidelity Printers and Refiners boss Mr Fradreck Kunaka confirmed that Zimbabwe’s most popular Mining institution will soon review the price of the yellow metal as part of a broader scope to attract more deliveries into the...

The country could still be losing a significant amount of gold through smuggling despite having recently unveiled a new trading framework of the yellow metal aimed at mopping up more gold into the formal system.Bernard RinomhotaOn...

Gold’s allure is only getting stronger as 2020 unfolds. Spot prices reached $1 800 an ounce and year-to-date inflows into bullion-backed exchange-traded funds have topped the record full-year total set in 2009.Investors have favoured havens this...

Primary producers of gold in the country would have felt some respite in the wake of the inaugural Reserve Bank of Zimbabwe (RBZ) foreign currency auction, held on the 23rd of June 2020, when it was...

SINCE lockdown measures to contain Covid-19 around the world have eased industrial metal prices have begun to rise. This was said by ratings and research agency Standard & Poor’s Global (S&P Global).However, even though industrial metal prices...

Freda Rebecca Gold Mine, a subsidiary of Landela Investments has entered the gold buying market. The Bindura based entity set itself a monthly target to buy one tonne of gold over the next three years.This will...

TSX-V-listed African Gold Group has published a definitive feasibility study (DFS), as well as an updated mineral resource and reserve estimate, for the Kobada gold project, in Mali. The DFS envisions a production rate of 100 000 oz/y for the first...

The Reserve Bank of Zimbabwe has ended its 25% incentive to gold producers, a subsidy criticised as a key driver of currency weakness and inflation.The government had signalled in March that it would stop the subsidy,...

Zimbabwe’s mines have hailed the decision by Fidelity Printers and Refiners (FPR) to increase the foreign currency retention threshold for gold miners as a step in the right direction and a development that will significantly enhance...

Reserve Bank of Zimbabwe (RBZ) governor, Dr. John Mangudya, yesterday said the bank found a sustainable way to manage funds required to make consistent US dollar cash payments to small gold miners.This came after RBZ unit,...