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Tag: gold production

Posted inNews

Fixed exchange rate mechanism: Rio-Zim halts gold production

by Mandla Tshuma 17th June 202017th June 2020

Gold producer, Rio-Zim has with immediate effect suspended gold production citing failure to meet operating expenditure as a result of the fixed exchange rate mechanism, the limited forex retention policy and the delays in receipt of gold sale proceeds. In a cautionary statement to its shareholders and the investing public, Rio-Zim directors said the listed […]

Posted inNews

Power outages, smuggling affect gold production

by Staff Reporter 18th February 202018th February 2020

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