RIOZIM has not been able to capitalise on the gold price record run due to undercapitalised mining operations, resulting in depressed volumes and high production costs.Advertisements This comes as gold prices last week plunged by around 10 percent to below US$4 000 per ounce, the steepest weekly fall in years. However, analysts, including JP Morgan,…
RioZim misses out on gold boom
For RioZim, the record prices have not improved its weak financial position.