Padenga bets big on gold boom

PADENGA Holdings Limited, the Zimbabwean mining and crocodile concern, has budgeted US$17 million for mining exploration in 2026, following a stellar financial performance last year.

The group recorded an 84% increase in cash generated from its mining segment, driven by soaring gold prices that surpassed all previous targets.

The company’s revenue rose 26% to US$265,82 million for the year ended December 31, 2025, while profit after tax nearly doubled, jumping 93,5% to US$70,7 million.

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