Online Reporter
Nqobile Bhebhe,Zimpapers Business Hub
Padenga Holdings’ gold mining subsidiary, Dallaglio, has reported a seven percent increase in gold production to 1,292 kilogrammes for the half year ended June 30, 2025, up from 1,209 kilogrammes recorded in the corresponding period last year.
The company attributed the growth to stronger grades and higher plant recoveries during the review period.
The average gold spot price maintained its bullish momentum, rising to US$3,106 per ounce in the first half of 2025 compared to US$2,198 per ounce in the same period of 2024, also benefiting the group.
It noted that its mining operations continued to perform above expectations, further boosted by firming international gold prices.
“Eureka Mine in Guruve recorded strong operational performance and surpassed its production targets for the period under review due to higher mill feed grade and thoroughly,” the group said.
At the same time, the company indicated that development of underground mining operations at Pickstone Mine in Chegutu is progressing steadily.
“Pickstone mine in Chegutu is in the development stages of its underground mining. Management is working tirelessly to ramp up its production and to close out on gaps identified so as to improve its operational efficiencies,” the group added.
