ACR focuses on rich Pickstone Peerless

ACR focuses on rich Pickstone Peerless
Published: 07 February 2014

African Consolidated Resources has over the last decade, raised more than $70 million, with the majority of that capital being put into the development of mineral ground in Zimbabwe. 

Some of that money was put to good use, but 10 years on the company still has neither production nor cash flow to show for it. 

But that's about to change, as it angles for Zimbabwe's biggest open pit gold mine. 

Last year there was a change of management and, with it, a new strategy. 

The company will now turn itself from a cash-hungry explorer into a cash-generative mining and development company. 

To that end, the new management team has focused on the flagship 84-hectare Pickstone Peerless gold mining project, which is located 100 kilometres southwest of the capital, Harare.

- herald
Tags: ACR, Pickstone, Gold,

Comments

Latest News

Latest Published Reports

Latest jobs