Ariana Resources targets 2028 gold production from rare Zimbabwe greenfield mine
GDX•Dokwe reserve base and study timeline
With Dokwe's 1.13 million ounces of reserves, Ariana forecasts open pit mine output to peak at 100,000 ounces per year over a 20-year project lifespan, according to a pre-feasibility study.
A definitive feasibility study is expected to be completed in the first quarter of 2027.
Ariana sees first gold from Zimbabwe project in 2028
HARARE, Aug. 6 (Reuters) - London-listed Ariana Resources expects to start producing gold from its greenfield project in Zimbabwe in 2028, the company's managing director Kerim Sener said on Thursday.
Ariana's Dokwe project, about 110 kilometres (68 miles) north-west of Zimbabwe's second-largest city Bulawayo, is the first large-scale greenfield project in the country in decades.
Zimbabwe gold sector has relied on reviving old mines
The southern African country has a long history of gold production, but has struggled to attract significant investment since international mining firms including Rio Tinto, Delta Gold and Kinross exited the country more than two decades ago amid a political and economic crisis.
A handful of mid-tier miners and a host of small-scale operators lifted Zimbabwe's annual gold production to 46.7 metric tons in 2025 from a low of 3 tons in 2008, mostly by reviving and expanding old mines.
The country's top miners include the foreign-listed Caledonia Mining Corporation and Namib Minerals, state-backed Mutapa Gold Resources and a unit of the locally owned Padenga.
Sener cites metallurgy and improving investor sentiment
"With a fair wind, I'd like to think that we're pouring our first gold in 2028," Sener told Reuters.
