Search results for 'RioZim'
Companies
RioZim Achieves First Gold Output Growth in Five Years

RioZim Limited, a diversified mining firm with vested interests in gold, chrome and diamonds in Zimbabwe, has achieved a significant milestone by posting its first increase in gold output in over five

Oct 23, 2023
Companies
RioZim Boosts Gold Output by 13%

RioZim's gold production for the cumulative nine months leading up to the full year of 2023 has surged to 724 kilograms, surpassing the previous year's performance. This nine-month achievement follow

Nov 29, 2023
Companies
Is it Losing It? RioZim’s Production Quandary

ioZim's gold production for the cumulative nine months leading up to the full year of 2023 has surged to 724 kilograms, surpassing the previous year's performance. This nine-month achievement follows

Dec 05, 2023
Companies
Is Caledonia Loosing Grip to Padenga?

Caledonia Mining Corporation, the second-largest gold producer in the country, has reported a 19% increase in gold output during the second quarter of 2024, reaching 588.9 kilograms. This performance

Jul 15, 2024
Companies
The Fallen Giant: RioZim’s Transition From Leader to Laggard

RioZim, formerly a leading gold producer, has reported a dismal half-year performance for the period ending June 30, 2024, characterized by declines in both production and earnings. This underwhelming

Oct 30, 2024
Zimbabwe
Zimbabwe's Gold Production Decline in February: Sectoral Challenges, Rainfall Impacts

Zimbabwe's gold deliveries declined by 17.7% month-on-month in February 2024, falling to 2.56 tonnes from 3.1 tonnes in January. This marks the lowest monthly output in over six months since June 2024

Mar 06, 2025
Companies
RioZim's Loss Quadruples to ZWG628.4m in 2024

Embattled diversified company RioZim Limited has widened its loss position, which more than quadrupled to ZWG 628.4 million from ZWG 107.7 million in FY2024, weighed down by a 54% plunge in gold produ

Jun 03, 2025
Companies
The Only Loss-Making Entity in the 'Gold'en Era: RioZim's Crisis Deepens

RioZim, once Zimbabwe’s preeminent gold producer, has faced a precipitous decline, with 2024 financial losses escalating to ZWG 628.5 million, a sixfold increase from ZWG 107.7 million in 2023. Gold

Jun 09, 2025
Companies
Revival of RioZim: Reopens Mines, Eyes Profitability in Soaring Gold Market

ioZim Limited, once a powerhouse in Zimbabwe's mining sector and the third-largest gold producer in 2020 just behind Caledonia and Freda Rebecca, has endured a prolonged period of decline marked by op

Nov 04, 2025
Companies
Trading Diamonds for Gold: RioZim’s New Survival Strategy

RioZim’s latest restructuring plan shows where management believes the group’s last realistic recovery path now sits. By giving up its stake in Murowa Diamonds to ease debt pressure and redirecting at

Mar 31, 2026
Companies
RioZim Faces Fresh Corporate Rescue Bid as Second Distress Claim Hits in 12 Months

RioZim Limited, one of Zimbabwe's most storied mining companies, has been forced into a public defensive posture after a minority shareholder holding a fraction of a percent of its issued share capita

1 day ago

Top Stories

Zimbabwe’s Zero Cost MSME Accounts Redraw the Battle for the Informal Economy

Long-term capital formation remains the decisive variable. Large-scale mining requires stable exchange rate policy, predictable foreign currency retention thresholds and enforceable contract framework

2 hours ago

Zimbabwe Holds Africa’s Highest Gold Reserve Shares as RBZ Builds ZiG Confidence Case

Harare- Zimbabwe held 4.48 tonnes of gold reserves as of 11 May 2026, according to data published by the Reserve Bank of Zimbabwe drawing on International Monetary Fund International Financial Statist

7 hours ago

South Africa Sheds 345,000 Jobs as Migration Debate Gains Fresh Fuel

South Africa has lost 345,000 jobs in the first three months of 2026, pushing the official unemployment rate to 32.7%,  a figure that, by any reasonable measure, represents one of the most acute emplo

8 hours ago

Zimbabwe Faces Growing El Niño Threat as Early Warning Signals Raise Fears Over 2026/27 Agricultural Season

The energy sector also remains exposed.Kariba Dam continues to play a major role in Zimbabwe’s electricity supply system, meaning prolonged drought conditions could once again constrain hydropower gen

1 day ago

Understanding Zimbabwe’s BIPPA Farm Returns and What They Mean for the Economy

Agriculture depends on more than ownership alone. Productivity requires financing, infrastructure, technical expertise, secure tenure systems, efficient markets, and long-term policy consistency. With

1 day ago

FMP Minority Shareholders Offered 3.3c Exit, 65% Below Audited NAV as Delisting Vote Nears

First Mutual Properties Limited is set to delist from the Zimbabwe Stock Exchange on 1 July 2026, with majority shareholder First Mutual Holdings Limited offering minority shareholders US$0.033 per sh

1 day ago

Cereal Surplus Claims Grow: Maize Import Bill Keeps Rising

Zimbabwe spent USD 128.4 million importing maize in the first three months of 2026,  January at USD 30.3 million, February at USD 44.9 million, and March at USD 53.2 million, according to ZimStat Exte

1 day ago

Caledonia’s Q1 Profit Surges 69% to US$19Mn, Gold Price Masks Blanket Grade Pressure

Caledonia Mining Corporation has reported a 69.4% surge in profit after tax to US$18.91 million for the first quarter of 2026, its strongest quarterly earnings performance driven almost entirely by a

1 day ago