Article

RioZim Limited's financial performance for the half-year ended June 30, 2023, shows a 59% increase in losses to $8.71 billion. This occurred alongside a revenue rise to $49.96 billion, attributed to a 6% increase in gold production to 417kg, including an 11% increase at Renco Mine.

Administrative expenses surged by 642% to $18.89 billion. The Empress nickel refinery and Dalny Mine were under care and maintenance, while Murowa diamond mine production rose by 84% to 212,000 carats. Total assets reached $748.9 billion due to local currency depreciation.