Gold price rally drives exploration

From an average of US$1 800 per ounce in 2022, the price of gold has soared to around US$3 360 per ounce.

ZIMBABWE’s largest mining companies are significantly increasing their investment in mine expansion and exploration, rushing to capitalise on the sustained rise in gold prices.Advertisements Since the end of the Covid-19 pandemic in 2022, geopolitical conflicts have fuelled demand for gold. This has prompted investors, including central banks, to hedge against rising inflation and economic uncertainty.…

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