ZIMBABWE

Falgold suspension lifted as ZSE gains 8%

The ZSE's bullish run continued with an 8% rise, with three counters triggering the 20% circuit breaker mark. The session yielded 25 risers and zero fallers as small trades pushed strong gains in sele...

By Staff reporter | Published: 24 September 2019

MINING & RETAIL

Falgold ceases gold production

Troubled mining group Falgold Zimbabwe published its delayed financial statements for the year ended 31 September 2018. During this period the group's net loss after tax widened by 609% to US$4.9 mill...

By Staff reporter | Published: 14 August 2019

BUSINESS NEWS

Tollgate, vehicle insurance fees to go up 'very soon'

The government says it will raise tollgate fees within weeks.Transport Minister Joel Matiza says the increase in tollgate fees, currently RTGS$2 for small vehicles, RTGS$3 for minibuses, RTGS$4 for bu...

By ZimLive | Published: 29 April 2019

ZIMBABWE

ZSE suspends Falgold

The Zimbabwe Stock Exchange Limited (ZSE) has suspended Falcon Gold Zimbabwe Limited (Falgold) from trading on the local bourse after the gold miner failed to publish its financial results for the yea...

By Staff reporter | Published: 07 February 2019

BUSINESS NEWS

Falgold fails to publish FY results

LISTED miner Falcon Gold Zimbabwe has failed to publish its financial results for the financial year to September 30 this year, citing operational challenges which have been worsened by inadequate for...

By Staff reporter | Published: 20 December 2018

BUSINESS NEWS

Intertoll transfers 72 tollgate employees

Intertoll Zimbabwe, a company contracted to collect toll fees on behalf of the Zimbabwe National Road Administration (Zinara) from the nine tollgates it operates on the rehabilitated Plumtree-Mutare h...

By Staff reporter | Published: 30 November 2018

POLITICS

Esigodini tollgate under expansion to ease Zanu-PF congestion

THE Ministry of Transport and Infrastructural Development is in the process of expanding the toll gate in Esigodini to ease traffic congestion during the Zanu-PF Conference to be held at Mzingwane Hig...

By Staff reporter | Published: 21 November 2018

MINING & RETAIL

Zimbabwe courts diamond buyers in Belgium

Mines and Mining Development Minister Winston Chitando, who is leading a Zimbabwean delegation attending the Kimberly Process meetings in Belgium, yesterday visited Antwerp World Diamond Centre to cou...

By Staff reporter | Published: 15 November 2018

MINING & RETAIL

Falgold pins hopes on industry reforms

Zimbabwe Stock Exchange listed gold producer Falcon Gold says the local gold production industry could grow significantly if government effects reforms on the tariff and tax regime. The country's mini...

By Staff reporter | Published: 05 July 2018

MINING & RETAIL

Prolonged job action cripples Falgold operations

LISTED mining group, Falcon Gold (Falgold) Zimbabwe, says its operations in the half year ended March 31, 2018 have been largely affected by a strike which lasted for three months at its Golden Quarry...

By Staff reporter | Published: 05 July 2018

MINING & RETAIL

Falgold narrows loss

Zimbabwe Stock Exchange-listed gold producer, Falcon Gold (Falgold), has narrowed its losses to $1,68 million in the half year to March 31, 2018 compared to $2,4 million in the same period last year.H...

By Staff reporter | Published: 02 July 2018

POLITICS

Remove tollgate: Chitungwiza residents

CHITUNGWIZA residents have urged the Zimbabwe National Road Administration (Zinara) to relocate the tollgate located at Chanakira village, claiming it was making it expensive for them to travel to Har...

By Staff reporter | Published: 29 June 2018

MINING & RETAIL

Falgold seeks to raise $30m

Zimbabwe Stock Exchange listed gold miner, Falcon Gold, is targeting to raise $30 million to finance a tailings treatment plant, working capital and exploration on four gold assets in Shurugwi, Midlan...

By Staff reporter | Published: 02 May 2018

MINING & RETAIL

Falgold fails to contain crippling strike

LISTED mining group, Falcon Gold (Falgold), says the ongoing strike at its Golden Quarry Mine in Shurugwi will have an adverse impact on the operations of the mine for an indefinite period.Workers at ...

By Staff reporter | Published: 08 March 2018

ANNOUNCEMENTS

FALG.zw | Audited Financial Results FY17

Financial Highlights:– Revenue $ 6 894 732– Gross loss $ (3 629 855)– Net operating loss $ (5 163 726)– Loss before taxation from continuing operations $ (5 157 511)– Loss for the year $ (75...

By FALG | Published: 01 February 2018

FINANCIAL SERVICES

ZB to float $50m bond for urban tollgates

ZB Financial Holdings is in discussion with Harare City Council (HCC) to fund urban tollgates in the next few months to raise money for road rehabilitation and maintenance in and around the city. ZB i...

By Staff reporter | Published: 19 January 2018

FINANCIAL SERVICES

RBZ sweats bulging RTGs balances

A confidence crisis is brewing over Zimbabwe's banking sector mainly driven by the gradual lo ss of value of bank balances due to the growing mismatch in the United States dollar exchange rate amid gr...

By Staff reporter | Published: 20 October 2017

MINING & RETAIL

Falgold faces uncertain future

ZIMBABWE Stock Exchange (ZSE) listed gold miner, Falcon Gold Zimbabwe, says the future of its remaining two mines in the country is uncertain due to a deteriorating economic environment, characterised...

By Staff reporter | Published: 06 July 2017

LATEST PUBLISHED REPORTS

FALG.zw | Unaudited Financial Results HY17

Financial Highlights:- Sales of gold bullion $ 3 658 297- Gross loss $ (1 966 956)- Operating loss $ (2 512 386)- Loss from continuing operations $ (2 538 628)- Total loss for the half year $ (2 423 8...

By FALG | Published: 05 July 2017

ANNOUNCEMENTS

FALG.zw| RIOZ.zw | Joint Announcement

RioZim Limited and Falcon Gold Zimbabwe Limited issued the following joint announcement:"Following the unanimous support of the shareholders of RioZim and Falgold, we are pleased to announce the appro...

By A | Published: 05 July 2017

ANNOUNCEMENTS

FALG.zw | Results of Extraordinary General Meeting

The Directors of Falcon Gold Zimbabwe Limited announced that all resolutions put to vote at the Extraordinary General Meeting of the Company that was held on 22 March 2017 were unanimously passed… ...

By A | Published: 05 July 2017

ANNOUNCEMENTS

FALG.zw | Notice of Extraordinary General Meeting and Circular to Shareholders

Details:Notice is hereby given that an Extraordinary General Meeting ("EGM") of the members of the Company will be held at 10:00 hours on Wednesday 22 March 2017, in the KPMG Board Room, 133 Josiah To...

By A | Published: 05 July 2017

ANNOUNCEMENTS

FALG.zw | Notice of Annual General Meeting

Details:Notice is hereby given that the 26th Annual General Meeting of Falgold will be held in the KPMG Building, corner 14th Avenue/Josiah Tongogara Street, Bulawayo on Wednesday 22 March 2017 at 110...

By A | Published: 05 July 2017

LATEST PUBLISHED REPORTS

FALG.zw | Audited Financial Results FY16

Financial Highlights:- Revenue $ 9 009 518- Gross loss $ (1 351 808)- Net operating loss $ (2 689 497)- Loss before taxation from continuing operations $ (2 353 685)- Loss for the year from continuing...

By A | Published: 04 July 2017

ANNOUNCEMENTS

FALG.zw| RIOZ.zw | Further Transaction Update

Further to the Transaction Update published on 5 December 2016, RioZim Limited ("RioZim") and Falcon Gold Zimbabwe Limited ("Falgold") wish to update their valued Shareholders and other stakeholders o...

By A | Published: 04 July 2017
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