BUSINESS NEWS

Gold price set to top US$4 000 by 2026

Financial services firm Inter Horizon Securities (IH) has forecast that gold prices will surpass US$4 000 per ounce by the end of 2026 - a surge analysts say could significantly boost Zimbabwe's econ...

By Staff reporter | Published: 09 November 2025

BUSINESS NEWS

US$2 million gold looted from Mutare river

An estimated US$2 million worth of gold has reportedly been looted from the Mutare River in Penhalonga over the past few months, with politically-connected cartels allegedly defying both court orders...

By Staff reporter | Published: 09 November 2025

BUSINESS NEWS

Zimbabwe moves to liberalise gold ownership

Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, has endorsed a proposal to liberalise gold ownership for Zimbabwean citizens, describing it as a logical and n...

By Staff reporter | Published: 06 November 2025

BUSINESS NEWS

Gold producer retrenches 150 workers in Zimbabwe

Pan African Mining has terminated contracts for 150 employees as part of a rationalisation exercise prompted by declining gold production and a lack of new exploration and development projects.In a wr...

By Staff reporter | Published: 24 October 2025

BUSINESS NEWS

Use of Zimbabwe Gold surges

Nearly half of all transactions on Zimbabwe's National Payment System are now conducted in the Zimbabwe Gold (ZiG), reflecting growing public confidence in the country's local currency, according to a...

By Staff reporter | Published: 23 October 2025

BUSINESS NEWS

Gold prices fall most since 2013

The global gold market suffered a dramatic setback on Tuesday, with prices tumbling more than 5 percent in what analysts say is the steepest single-day decline in more than ten years.Gold futures fel...

By Staff reporter | Published: 22 October 2025

BUSINESS NEWS

Caledonia on track to achieve gold production target

Jersey-based Caledonia Mining Corporation is on track to meet its 2025 gold production target after reporting a near 4% increase in output, producing 58,846 ounces in the nine months ended September ...

By Staff reporter | Published: 22 October 2025

BUSINESS NEWS

US$10 million gold scandal rocks Kwekwe mine

A sophisticated gold smuggling syndicate operating under the guise of legitimate mining in Kwekwe's Silobela area has siphoned off more than 120 kilogrammes of gold, worth over US$10 million, in unde...

By Staff reporter | Published: 21 October 2025

BUSINESS NEWS

Kavango uncovers lucrative gold deposit in Bulawayo

Southern Africa-focused miner Kavango Resources has announced a major gold discovery at its Hillside Gold Project in Bulawayo, describing it as a breakthrough that could transform the company's opera...

By Staff reporter | Published: 21 October 2025

BUSINESS NEWS

Caledonia to deliver 2,5t of gold in Zimbabwe

Caledonia Mining Corporation, the Jersey-based miner, is set to contribute 2.5 tonnes to Zimbabwe's projected 2025 gold deliveries of over 40 tonnes, with output expected to rise to 7.5 tonnes once i...

By Staff reporter | Published: 17 October 2025

BUSINESS NEWS

US$300k gold processing plant launched in Shurugwi

MIDLANDS Provincial Affairs Minister, Owen Ncube, has officially launched a US$300,000 gold milling and processing centre in Shurugwi, aimed at promoting formal mining operations and supporting artisa...

By Staff reporter | Published: 15 October 2025

BUSINESS NEWS

Zimbabwe gold loans-to-deposit ratio rises

Zimbabwe Gold (ZiG) has seen its loans-to-deposit ratio (LDR) climb from 30 percent at its launch in April 2024 to 46 percent, the Reserve Bank of Zimbabwe (RBZ) reported, signalling growing adoption...

By Staff reporter | Published: 13 October 2025

MINING & RETAIL

Zimbabwe's mining sector sees gold surge

Zimbabwe's mining industry posted a mixed performance in 2025, with gold production surging while key minerals such as platinum, lithium, and nickel recorded significant declines, even as sector lead...

By Staff reporter | Published: 13 October 2025

BUSINESS NEWS

Gold mafia scandal case 'could collapse SA banks'

A landmark R4.8 billion lawsuit filed by the South African Revenue Service (Sars) against Sasfin Bank could expose financial institutions to "limitless liability" for their clients' misconduct, the b...

By Staff reporter | Published: 11 October 2025

BUSINESS NEWS

Illegal gold mining threatens Inyathi hospital

The Parliamentary Portfolio Committee on Health and Child Care has sounded the alarm over illegal gold mining activities taking place directly beneath Inyathi District Hospital, warning that the faci...

By Staff reporter | Published: 09 October 2025

MINING & RETAIL

Gold shatters $4,000 milestone

Gold surged past the $4,000 an ounce level for the first time on Wednesday, building on a record-breaking rally as broader geopolitical and economic uncertainty, as well as expectations of U.S. intere...

By Staff reporter | Published: 09 October 2025

BUSINESS NEWS

Zimbabwe gold deliveries surge 37%

Zimbabwe's gold deliveries have surged by 37 percent to 32.98 tonnes in the first nine months of 2025, according to the latest data from Fidelity Gold Refinery (FGR) - the country's sole gold buyer a...

By Staff reporter | Published: 09 October 2025

BUSINESS NEWS

85% of small-scale gold miners not registered

Zimbabwe could be losing billions of dollars annually as reports indicate that approximately 85% of artisanal and small-scale gold miners (ASM) are not registered.The country has over 1 million ASM op...

By Staff reporter | Published: 07 October 2025

BUSINESS NEWS

Investors cash in big on Mosi-oa-Tunya gold coins

Launched in July 2022, Zimbabwe's Mosi-oa-Tunya gold coin - named after Victoria Falls, "The Smoke That Thunders" - has rapidly become a symbol of financial empowerment, attracting both local and inte...

By Staff reporter | Published: 07 October 2025

BUSINESS NEWS

Parly committee raises alarm over gold incentives

The Parliamentary Portfolio Committee on Mines and Mining Development has sounded alarm over reports that some large-scale gold miners are manipulating payment models and incentives crafted to suppor...

By Staff reporter | Published: 06 October 2025

BUSINESS NEWS

Illegal gold mining halted in Bulawayo's affluent suburbs

Residents of Bulawayo's upscale suburbs, New Parklands and Mqabuko Heights, have received a reprieve following extensive illegal gold mining that plagued the communities for over a year. Miners had ...

By Staff reporter | Published: 04 October 2025

MINING & RETAIL

Zimbabwe gold prices move to 118.26 per gram

Zimbabwe's artisanal and small-scale gold miners are reaping major rewards after gold prices surged to US$118.26 per gram (3,678.64 per ounce), the highest level recorded in recent months.The price ra...

By Staff reporter | Published: 02 October 2025

MINING & RETAIL

Kavango discovers high-grade gold in Zimbabwe

Kavango Resources, a London-listed and Victoria Falls Stock Exchange-listed metals exploration and gold production company, has reported encouraging results from its latest surface drilling programme...

By Staff reporter | Published: 25 September 2025

BUSINESS NEWS

Gold panners threaten Mutare water source

Mutare City Council is weighing plans to deploy municipal police to safeguard the Nyakaunga River, one of the city's main water sources, amid growing threats from illegal gold panning.Speaking during ...

By Staff reporter | Published: 24 September 2025

BUSINESS NEWS

Kavango begins construction of gold plant

British miner Kavango Resources Plc has commenced construction of a 50-tonne-per-day (tpd) Carbon in Pulp (CIP) gold processing plant at its Bill's Luck Gold Mine in Zimbabwe, marking a key step towa...

By Staff reporter | Published: 17 September 2025
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