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Monday, May 27, 2024

Eureka Gold Mine posts impressive output

Story by Tapiwa Machemedze

GURUVE-based Eureka Gold Mine is on a massive transformation which has seen the company posting impressive production figures since its re-commissioning by President Emmerson Mnangagwa in September 2021.

Revived in 2021, Eureka Gold Mine is one of the success stories of the second republic’s ‘Zimbabwe is Open for Business Mantra’ after an investment of US$50 million by Padenga through its subsidiary, Dallaglio, to resuscitate operations.

Eureka Mine General Manager Mr Nelson Banda says the mine’s performance has been impressive since reopening due to accurate planning and the installation of a modern processing plant.

“Since commissioning by President Emmerson Mnangagwa in 2021 the mine has been hitting the right numbers. We produced 400 kgs from September to December. In 2022, we produced 1 350 kilogrammes of gold and this was above target. In the first quarter, we also surpassed the target producing 388 kilograms of gold,” he said.

Employment has also risen to 455 since re-opening while contractors comprising JRG and KW Blasting employ 500 people, bringing the total workforce to about 1000 in a move commended by locals.

Eureka Mine which combines an open pit mine and processing plant is optimistic production will surpass 1 500 kilogrammes of yellow metal, placing the government on track to achieve a US$12 billion mining industry by the end of the year.

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