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Zimbabwe Introduces New Regulations for Small-Scale Gold Mining, Impacting Foreign Operators
CALGARY, Canada – July 3, 2026 — Leads & Copy — Pambili Natural Resources Company announced Friday that the Zimbabwe Government has implemented new regulations that will prevent foreign entities from participating in small-scale gold mining operations. The prohibition specifically targets mines producing under 20 kilograms of gold per month, a move intended to bolster local ownership and ensure greater revenue retention within the country's mineral sector.
The new policy has not yet been officially enacted, but foreign operators currently involved in this segment will be required to either increase their investment to a minimum of US$15 million and boost production to 20 kilograms per month, or cease operations entirely by January 2027.
Pambili's Golden Valley A1 asset is not projected to meet this new production threshold independently. While the company's overarching corporate strategy has always aimed for acquisitive growth to reach 20,000 ounces of gold production annually, it is unlikely to achieve the 20 kilogram per month benchmark by the end of the year under current circumstances.
In response to these evolving regional dynamics, Pambili's Board of Directors has initiated a comprehensive mitigation strategy. This strategy includes actively seeking alternative high-yield asset acquisition opportunities both within Zimbabwe and in other jurisdictions. Furthermore, the company will engage in high-level diplomatic discussions through the Canadian Embassy in Harare and is preparing to explore potential regulatory exemptions for foreign-listed entities.
The Board remains committed to safeguarding and enhancing shareholder value throughout this period of change. Alongside these external strategic adjustments, Pambili is prioritizing its core operational fundamentals. A key objective is the completion of the audit for the 2025 Financial Statements. This audit is a necessary precursor to lifting the Failure to File Cease Trade Order (FFCTO) and resuming stock trading, ensuring the company maintains financial agility and is well-positioned to pursue its transaction pipeline.
Pambili Natural Resources Company is a natural resources exploration and development firm currently operating in Zimbabwe.