Gold

GC=FPositive

Top mineral export and part of the ZiG's reserve backing.

Gold news

Effect on Zimbabwe

Top mineral export and part of the ZiG's reserve backing.

One of Zimbabwe's largest export earners, much of it from small-scale miners selling to Fidelity Gold Refinery. Gold also backs the ZiG, so a higher price lifts export receipts, royalties and reserve cover together.

Effects on Zimbabwe

Export earningsSold abroad for US dollars.
Currency reservesMoves the value of the reserves behind the ZiG.
Mining royaltiesRoyalties are levied on the value of minerals sold.

If the price rises

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Gold price

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Zimbabwe (good)

Last month: – →–

Companies affected

1-day change

Listed in Zimbabwe

CMCL.VX–Blanket gold mine (Gwanda)RIOZ.ZW–Gold mining operations

Listed abroad

caledonia–

Price: Yahoo Finance, end of day (GC=F). For information only.

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