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The plan, according to Shamva Gold Mine general manager Gift Mapakame, offers investors a more manageable risk reward profile amid volatile market conditions.
ZimAlloys managing director Deric Dube told businessdigest this week that a substantial portion of the capital outlay had been used to procure equipment, among other priorities.
Large scale miners ramped up output during the year. Dallaglio, the gold arm of Padenga, produced 2,025kg in the nine months to September, up 22% from the same period of 2022.