Menu
Home
Forums
New posts
Search forums
What's new
Featured content
New posts
New media
New media comments
New resources
Latest activity
Media
New media
New comments
Search media
Resources
Latest reviews
Search resources
Misc
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Labrish
Nyuuz
Zimbabwe's gold output skyrockets 36 percent, small-scale miners dominate
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Munyaradzi Mafaro, post: 49912, member: 636"] Small-scale gold miners just crushed it with massive production gains across Zimbabwe. These artisanal diggers pumped out 8.79 tonnes during the second quarter compared to just 5.77 tonnes from the first three months. The country's total gold haul jumped to 11.6 tonnes between April and June, leaving the earlier quarter's 8.5 tonnes far behind. Large mining companies also boosted their numbers slightly from 2.72 tonnes to 2.81 tonnes. Zimbabwe has already collected over 20 tonnes of gold this year. The small operators completely dominate the big mining corporations when it comes to actual output. Fidelity Gold Refinery processes all the legal gold sales and sees way more metal coming from these smaller players. Government programs have helped organize these miners better and bring more people into legal operations. The artisanal sector keeps growing stronger despite having less money and simpler equipment than the major companies. Their success comes from having more active miners and better support systems. Zimbabwe shipped out gold worth $748 million during the first five months, beating last year's $599.2 million total. March hit $155.6 million compared to just $82.2 million from 2024, and April reached $183.3 million against $102.6 million previously. May dropped slightly to $168.7 million from $193.5 million last year. Gold remains Zimbabwe's biggest export earner after bringing in $1.52 billion last year. Experts predict gold prices will climb 35 percent this year because of global tensions and economic uncertainty. [/QUOTE]
Insert quotes…
Name
Post reply
Home
Forums
Labrish
Nyuuz
Zimbabwe's gold output skyrockets 36 percent, small-scale miners dominate
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…
Top