Rather than relying on new discoveries, Eureka Gold Mine’s rising gold output is being powered by throughput, efficiency and operational discipline, a strategy that is steadily lifting production and strengthening the mine’s long-term outlook.
The Victoria Falls Exchange–listed, wholly Zimbabwean-owned producer has focused on maximising value from its existing open-pit orebody, following a major overhaul of its processing plant and mining methods after taking over the asset from Delta Gold Zimbabwe.
At the heart of the production drive is scale. Eureka now consistently moves and processes over 120,000 tonnes of material each month, equating to almost 1.4 million tonnes per year, despite operating at a stripping ratio of between six and eight. Management says this level of material movement has unlocked stable feed to the plant and improved predictability in output.
General Manager Nelson Banda said the production gains are the result of refining how the operation works, rather than expanding aggressively.
“Our focus has been on optimising what we already have — the plant, the mine plan and the people. That approach has allowed us to grow production year after year since 2021,” Banda said.
The impact of this strategy is reflected in 2025 output. The mine originally projected production of 1,940 kilogrammes of gold, but performance to date suggests output could reach 1,970kg or more, subject to December results.
The steady improvement has also supported an extension of the mine’s open-pit life from 2032 to 2039, giving the production plan greater depth and flexibility.
Favourable gold prices have amplified these gains. When Eureka restarted operations, gold traded at around US$1,600 per ounce. Prices now above US$4,000 per ounce have strengthened margins, allowing the company to sustain higher throughput while maintaining economic viability.
Production continuity has also been underpinned by a strong safety record. Since the start of operations, Eureka has not recorded a single fatality and has surpassed 1,000 days without a lost-time injury, reducing unplanned stoppages and reinforcing operational stability.
Energy security remains a critical factor in maintaining output. To reduce exposure to power disruptions, the mine is advancing solar and battery storage projects, while continuing to work with the national power utility and regional suppliers to ensure reliable supply.
While security challenges linked to operating an old-line gold mine persist, management says safeguards are in place to protect both assets and production schedules.
With throughput-driven growth, improving efficiencies and a longer production runway, Eureka Gold Mine is positioning itself not just as a high-volume producer, but as a consistently reliable contributor to Zimbabwe’s gold output over the coming decade.
