Zimbabwe’s gold output rise to over 7,600kg in 1st quarter

Zimbabwe’s gold output rose to 7,695 kg in the first quarter, nearly double what the country produced same time last year.

Data by Fidelity Printers shows deliveries were highest in January, traditionally a slow month.

The Chamber of Mines sees 2022 gold output at 35 tonnes from 31.4 tonnes in 2021.

Over 80% of gold producers plan to increase production in 2022, a survey of Chamber members says.

Average capacity utilization for the gold industry is expected at 87% in 2022, up from 80% in 2021.

-Newzwire