The Markets Ledger

Padenga bullish on gold miner Dallaglio

Padenga Holdings says it expects its gold mining arm, Dallaglio Investments, to deliver a stronger performance for the rest of 2026, supported by firm gold prices and operational improvements at its Eureka and Pickstone mines.

Fidelity targets 50-tonne gold output in 2026

Fidelity Gold Refinery (Fidelity) says it is confident Zimbabwe will meet its ambitious 50-tonne gold production target this year, building on the record 46.7 tonnes delivered in 2025.

Firmer gold prices spur Caledonia, profits surge 69pct

Caledonia Mining Corporation Plc (Caledonia) recorded a profit after tax of US$18.91 million in first quarter of 2026, up 69.4 percent from US$11.16 million recorded same period prior year, driven by firmer gold prices.

Gold boom lifts Africa’s reserves to $530 billion

The jump highlights how African economies are adjusting reserve strategies as currency volatility, inflation risks, geopolitical tensions and tighter global financing conditions continue to pressure emerging markets.

Kavango secures Nara Gold Project

Victoria Falls Stock Exchange-listed Kavango Resources Plc has taken a significant step toward consolidating its Zimbabwe gold ambitions after signing a Deed of Variation to advance the acquisition of the Nara Gold Project, as part of a broader US$13,5 million expansion drive.

African central banks join gold buying wave

African central banks are gradually aligning with a global shift toward gold-backed reserves, as total central bank purchases reached 27 tonnes in February 2026, valued at about $2billion depending on prevailing prices.