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Zimbabwe's gold rush hastens as $1 billion mine targets 100,000 ounces a year
By Ayodeji Adegboyega
Business Insider Africa, New York
Tuesday, June 2, 2026
UK-listed Ariana Resources says ore reserves at its Dokwe Gold Project have surged 42% to 1.13 million ounces, transforming the asset into one of Zimbabwe's most significant undeveloped gold deposits and placing it on course to rival some of the country's largest gold mines.
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The reserve upgrade pushes the project's estimated pre-tax value above $1 billion and comes as Zimbabwe ramps up efforts to attract mining investment, expand exports and support economic stability through increased gold production.
Gold generated a record $4.61 billion for Zimbabwe in 2025, making it the country's largest foreign currency earner and a key pillar of the economy.
The metal has become even more strategically important since authorities introduced the Zimbabwe Gold (ZiG) currency, which is backed by a combination of gold and foreign exchange reserves. ...
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