Guruve, Zimbabwe — Eureka Gold Mine has extended the life of its open-pit operations to 2039, following a comprehensive re-optimization of its plant and mining processes, strengthening the long-term outlook of one of Zimbabwe’s leading corporate gold producers.
The Victoria Falls Exchange–listed miner, which is wholly Zimbabwean-owned, recommissioned the Guruve operation after acquiring it from former owner Delta Gold Zimbabwe. At the time of restart, the mine’s life was projected to end in 2032, but sustained operational improvements since 2021 have significantly altered that trajectory.
General Manager Nelson Banda said the extension is the result of plant revamping, process innovation and improved mine planning.
“When we restarted operations, we introduced a different processing approach and revamped the plant, which initially gave us a life up to 2032. Since 2021, we have re-optimised both the plant and the operations, and we are now looking at 2039 for open pits,” Banda said.
Eureka currently processes over 120,000 tonnes of material per month, or nearly 1.4 million tonnes annually, supported by a stripping ratio of between six and eight. The scale and consistency of material movement have enabled the company to unlock additional economic value from the orebody.
Strong gold prices have further underpinned the revised life-of-mine plan. When operations resumed, gold prices averaged around US$1,600 per ounce. Prices have since risen sharply, improving project economics and supporting the inclusion of additional reserves within the mine plan.
Production growth has tracked the extended mine life. For 2025, Eureka forecasts output of around 1,970 kilogrammes of gold, reinforcing the sustainability of operations well into the next decade.
Banda said safety performance has been critical to sustaining long-term operations. Since inception, the mine has recorded zero fatalities and has exceeded 1,000 days without a lost-time injury, creating operational stability essential for life-of-mine planning.
Looking ahead, Eureka is also investing in power security, a key risk to long-term mining operations. The company is developing solar and battery storage projects to complement grid supply and reduce exposure to outages, with commissioning expected next year.
With an extended mine life, growing production profile and supporting infrastructure investments, Eureka Gold Mine says it is now positioned as a long-term anchor operation in Guruve District, delivering sustained economic benefits to employees, communities and the broader Zimbabwean economy.
