Zimbabwe gold output declines 15% amid electricity, forex shortages
ZIMBABWE produced 30 metric tons of gold in 2023, 15% less than the previous year, official data showed, as electricity cuts and currency volatility impacted output. The southern African country was once among the top gold producers on the continent but has fallen far behind regional peers Ghana, Mali, Burkina Faso, Guinea and Tanzania as an extended economic crisis kept investors away. Zimbabwe remains largely under-explored and its operating mines struggle to raise capital due to concerns over government policy and property rights, especially after the seizure of white-owned farms at the turn of the century. Output plunged to a…
