Zimbabwean mines usually operating below capacity and at high costs. The high gold price should be enough to absorb high cost operations and still make a profit. They should be able to borrow to retool and spend on mine development. This is a golden opportunity for Zimbabwe's run down gold mines.
Why have they not increased production
Good question. Will go into detail during the week. But I suppose a mine takes time to scale up.
What you see however is they sold much more than they had in stored up.
Zimbabwean mines usually operating below capacity and at high costs. The high gold price should be enough to absorb high cost operations and still make a profit. They should be able to borrow to retool and spend on mine development. This is a golden opportunity for Zimbabwe's run down gold mines.
Hi answered this in part in the latest post. Let me know if you have a follow up.