HARARE – Gold prices have surged to unprecedented levels, presenting both opportunities and challenges for Zimbabwe’s mining sector. Spot gold reached a record $4,967.03 per ounce on Friday, representing a 14% increase since the start of the year. While the rally boosts foreign currency earnings for miners, it has also sparked concerns over taxation and investment sustainability. In his November 2025 budget, Finance Minister Mthuli Ncube proposed doubling the gold royalty rate to 10% for bullion sold above $2,501 an ounce. Industry players warned that such a move could erode profits...