Output from Zimbabwe’s gold mines firmed to 7,6 tonnes during the first quarter, driven by fresh investments into resuscitating idle assets, as big operators deepened shafts.
The sector produced four tonnes during the same period in 2021, according to market data.
Victoria Falls Stock Exchange listed resources giant, Caledonia Mining Corporation saw its output rise after completing a major shaft deepening project, while Padenga reopened a major operation in Mashonaland Central.
Caledonia Mining Corporation plc (LON:CMCL) is a profitable cash generative gold producer with a strong growth profile, Caledonia’s primary asset is the Blanket Mine in Zimbabwe.