New gold royalty structure irks miners

Small-scale producers contributed the bulk of production, delivering 34,88 tonnes, while primary producers contributed 11,85 tonnes.

PLAYERS in the mining sector have warned that the restructuring of the gold royalty system will further erode already narrow profit margins and threaten the sustainability of the industry. In the 2026 national budget, Finance Minister Mthuli Ncube proposed a harmonised royalty structure for all gold producers, which includes a three percent royalty fee for…

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