SHAMVA Mine, a subsidiary of state-controlled Kuvimba Mining House (KMH) is riding on the soaring international gold prices to generate free cash flows to fund capital projects for expansion.
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International gold prices have increased by around 23 percent year-on-year to current highs of US$ 2 386 per ounce (oz) from averages of US$1 930/oz in July last year.
Prices have been driven by a multitude of factors including heightened geopolitical risks and uncertainty in the global economy- prompting hedging tendencies in gold among inv
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