How a 42% reserve boost at one gold mine added $1 billion to Zimbabwe’s mining ambitions.
The Dokwe Gold Project, located in the southwestern district of Tsholotsho, recorded a 42% increase in proven and probable gold reserves, raising total reserves to 1.13 million ounces.
The upgrade has transformed the economics of the project, with its estimated pre-tax net present value climbing to approximately $1.06 billion.
The development comes as Zimbabwe seeks to capitalize on strong global gold prices and expand its role in the international bullion market.
Gold remains the country’s largest source of export earnings, making large-scale mining investments increasingly important to economic growth and foreign currency generation.
Zimbabwe’s race for record gold output
The operation is expected to run for roughly two decades, creating long-term economic opportunities in Matabeleland North Province.
The reserve expansion also strengthens Zimbabwe’s efforts to achieve record national gold production.
The country produced a record 46.7 tonnes of gold in 2025 and is targeting 50 tonnes in 2026 as authorities push to increase foreign exchange earnings and attract mining investment.
With gold prices hovering near historic highs, previously underdeveloped deposits are becoming increasingly attractive to investors.
For Zimbabwe, the upgraded Dokwe project represents more than a mining success story; it is a signal of the country’s growing ability to unlock value from its vast mineral resources.
Source: africabusinessinsider