Dallaglio earned $223 million last year, up 43% from the previous year. This gold mining arm of Padenga Holdings dug up 17% more gold than it did a year earlier. Higher gold prices around the world helped boost the money coming in. Mining activities bring in most of the cash for Padenga these days, making up 86% of all money the company earned.
Padenga put $20 million into its mines during 2024. The company plans to spend another $28.5 million during 2025 to make its mines even bigger. Since 2019, Padenga has spent $107 million on mining equipment and digging deeper. The company runs two gold mines - Eureka in Guruve and Pickstone near Chegutu - both seeing big increases in how much gold they produce.
The numbers show great progress at both locations. Eureka Mine produced 12% more gold last year compared to the previous year. Pickstone did even better with a 29% jump in gold coming out of the ground. These improvements added up to the overall 17% increase in gold production across both mines. Pickstone will receive $13 million next year for new underground shafts and equipment to move ore.
Padenga expects to extract even more gold from the earth starting in 2026. Deeper mining operations will reach new areas holding gold that remain untapped today. The rising price of gold on international markets has made each ounce worth more money. This price increase has pushed up Padenga's financial results beyond the extra gold they managed to dig up.
Padenga put $20 million into its mines during 2024. The company plans to spend another $28.5 million during 2025 to make its mines even bigger. Since 2019, Padenga has spent $107 million on mining equipment and digging deeper. The company runs two gold mines - Eureka in Guruve and Pickstone near Chegutu - both seeing big increases in how much gold they produce.
The numbers show great progress at both locations. Eureka Mine produced 12% more gold last year compared to the previous year. Pickstone did even better with a 29% jump in gold coming out of the ground. These improvements added up to the overall 17% increase in gold production across both mines. Pickstone will receive $13 million next year for new underground shafts and equipment to move ore.
Padenga expects to extract even more gold from the earth starting in 2026. Deeper mining operations will reach new areas holding gold that remain untapped today. The rising price of gold on international markets has made each ounce worth more money. This price increase has pushed up Padenga's financial results beyond the extra gold they managed to dig up.
