Zimbabwe's Jan-Sept gold output up 22 pct

Reuters    Translate This Article
24 October 2012

HARARE (Reuters) - Zimbabwe's January-September gold output rose 22 percent from the same period a year ago to 11 tonnes, generating $585 million in revenue, data from the mining chamber showed on Wednesday [24 October].

Gold output in the southern African country is expected at 15 tonnes this year, compared to 13 tonnes in 2011.

Output remains below the 27 tonnes reached in 1999 before a decade-long economic crisis that was at its worst in 2008 when hyperinflation crushed the economy, forcing most mines to shut.

South Africa's Metallon Gold is the largest bullion producer while Toronto-listed New Dawn Mining and Caledonia Mining and London-listed Mwana Africa also produce gold.

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