An ACF Equity research report suggests investors may be mispricing Zimbabwe's gold sector due to outdated country-risk perceptions. The article highlights Ariana Resources' Dokwe Gold Project, which is approaching a definitive feasibility study (DFS) expected in Q1 2027.
Caledonia Mining has lowered its annual gold production forecast and raised cost guidance following operational setbacks at the Blanket mine in Zimbabwe. The disruptions, caused by compressor installation delays and processing issues, resulted in third-quarter output falling below expectations.
Caledonia Mining Corporation reported lower-than-expected Q3 2026 gold production at Blanket Mine, primarily due to compressed air shortages in high-grade areas and gold being temporarily retained in the metallurgical plant. Consequently, the company has revised its FY 2026 production guidance downwards and increased its AISC guidance.
Ariana Resources is advancing its Dokwe gold project in Zimbabwe towards a Definitive Feasibility Study (DFS) targeted for Q1 2027. The company is currently commissioning a new independent mineral resource estimate and expects to include the Dokwe Central zone in an updated ore reserve statement by the end of 2026.
Namib Minerals reported strong first-half 2026 financial results with revenue up 40% and Adjusted EBITDA up 76%, driven by higher gold prices. While the company is expanding milling capacity at How Mine and accelerating the Redwing Mine restart, it has revised its full-year 2026 production guidance downwards.
Ariana Resources provides an update on its Feasibility Study for the Dokwe Gold Project in Zimbabwe, highlighting ongoing independent Mineral Resource Estimate work, initiated metallurgical testwork with Xinhai and IMO, and completed geotechnical drilling at Dokwe Central. The company is also advancing water bore drilling and planning further exploration and sterilisation drilling programs. The resource estimate presented in the document is a re-statement of a May 2026 estimate.
Ariana Resources provides an update on its Dokwe Gold Project Feasibility Study in Zimbabwe. Key progress includes an independent Mineral Resource Estimate underway, metallurgical testwork with Xinhai and IMO, and completed geotechnical drilling. The company is also advancing water bore drilling and planning further exploration and sterilisation drilling.
Ariana Resources reported a sharp rise in first-half pre-tax profit to £6.25 million, driven by gains on disposals and investment revaluations. The company also announced significant growth in the Dokwe gold project, with mineral resources increasing 13% to 1.6 million ounces and ore reserves rising 42% to 1.13 million ounces.
Ariana Resources plc reported a profit before tax of £6.248 million for the first half of 2026. The company announced a significant increase in the Dokwe Gold Project's Mineral Resource Estimate to 1.6 Moz and Ore Reserve to 1.13 Moz of gold, supported by a revised Pre-Feasibility Study demonstrating robust economics. New drill results extended gold mineralization at Dokwe North, Central, and Sinkwe Prospect, and feasibility-level metallurgical testwork is underway with Xinhai Mining Services.
Kavango Resources PLC announced unaudited interim results for H1 2026, reporting a significant reduction in operating loss and increased revenue. Operational highlights include maiden JORC-compliant Mineral Resource Estimates for the Bill's Luck and Nightshift gold mines in Zimbabwe, totaling 33,900 oz and 19,000 oz of gold respectively. Metallurgical test work for Hillside ore samples indicated high gold recoveries of 90-93%, supporting the commissioning of a 50 tpd CIL plant.
