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. 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
The miner suspended direct mining and processing operations at Cam & Motor almost two years ago to allow critical dewatering of flooded pits, a process that has since been completed before the close of quarter, paving the way for a full production restart in the second half of 2026.