Gold exports slide on soft prices

Mupane Gold processing operations PIC- Galane Gold Ltd
Mupane Gold processing operations PIC- Galane Gold Ltd

The country's gold exports were measured at P413.7 million for the year up to last November, setting up for a weak performance in 2013 when compared to the full year sales of P618.4 million in 2012.

The lower value of exports as at November, as revealed recently by the Bank of Botswana, was in spite of production increases by the country's sole mine, Mupane, which ramped up output throughout the year from its main deposit and surrounding leases.

While the depletion of a key deposit forced Mupane's production down 32 % in the year up to September 2013 when compared to the same period in 2012, figures show quarterly improvements in 2013 from 7,430 ounces in March to 9,941 in September.

Editor's Comment
When power scorns accountability

While every citizen, including the Head of State, has the right to voice opinions, the tone and context of the President’s comments were regrettably dismissive and risk chilling free expression in our country. The remarks are not isolated. They form part of a disturbing pattern of public attacks on independent institutions pillars essential to the healthy functioning of our democracy. The Judiciary, the Legislature, and now the media have all...

Have a Story? Send Us a tip
arrow up