Zimbabwe's government continues to set ambitious gold production targets, but the reality on the ground often falls short. While the country achieved its highest gold output of 35 tonnes in 2022, the

Padenga Holdings Limited, Zimbabwe's third-largest gold producer, has recorded a 25% increase in gold output for the half-year period to June 30, 2024, to 1,351 kilograms, the highest in half-year per

Gold deliveries from January to September 2024 have increased to 24,089 kilograms, surpassing the 22,760 kilograms delivered during the same period in 2023. For the third quarter of 2024, gold delive

This was achieved despite liquidity challenges during the quarter as the government tightened spending in local currency through elevated interest rates which curtailed borrowing. The company was awa

he gold sector has achieved remarkable advancements in gold sales, having already surpassed last year's figures. November’s gold deliveries experienced a significant uptick, reaching 3,766 kg more tha

Last week, in an interview with global media outlet Bloomberg, the government hinted at plans to introduce a 26% shareholding in all future mining projects and also negotiate with the already settled

Zimbabwe's trade deficit narrowed by 66% to US$46.9 million in November 2024 from m US$698.1 million in October , attributed  to better exports of gold and tobacco according to the latest Zimstat data

Caledonia Mining Corporation's FY2024 output of 76,656 ounces has fallen within analyst expectations, amidst a significant capital expenditure program of approximately $41.8 million earmarked for 2025

The Minerals Marketing Corporation of Zimbabwe (MMCZ) has announced Dr. Nomusa Jane Moyo as its new General Manager, effective immediately. Dr. Moyo, who has been the Acting General Manager since July

The United States President, Donald Trump, has withdrawn the United States from the Paris Agreement, citing national interests. Under the international climate accord, first negotiated in 2015, countr

In 2024, Zimbabwe not only achieved but exceeded its gold production target, reaching an impressive 36.48 tonnes, surpassing the initial goal of 35 tonnes. This milestone marks a historic high for the

Zimbabwe's foreign currency inflows surged to a record high of US$13.3 billion in FY2024, representing a 21% year-over-year (YoY) growth from US$11 billion in FY2023. The robust performance was prima

The ground breaking ceremony  of the Palm River Energy Metallurgical, a US$3.6 billion project, has been officially launched yesterday by President Emmerson Mnangagwa at the energy industrial park are

Padenga Holdings Ltd. has solidified its transformation from crocodile skin producer to mining contender by acquiring full ownership of Dallaglio Investments, its gold mining subsidiary, through a 253

Padenga Holdings Limited, a gold mining titan listed on the US-Dollar denominated bourse Victoria Falls Stock Exchange (VFEX) has cemented its place as a giant in Zimbabwe’s gold mining sector, deliv

NMB Bank Zimbabwe has leveraged foreign lines of credit to fuel its growth in 2024, a critical strategy in a nation where Western sanctions limit traditional financing. The bank raised over USD 65 mil