It expects gold production of 1.201 million ounces, up 9% from 1.104 million ounces.

Glencore warned that Europe’s energy crisis poses a substantial threat to supply.

Output fell 7.4% to 364,089 tons in the first half of 2022, data from the Zambia Chamber of Mines showed.

Smelting activity was hit by weakness in China and the biggest mining region South America.

Annual inflation, which hit 256.9% in July, has cast a shadow over President Emmerson Mnangagwa's bid to revitalise the economy.

About 700 tonnes of gold-bearing material has been recovered.

Platinum group metals have come off their highs seen during the early part of 2021, when the global economy started to emerge from the covid-19 shutdowns.

It is an unusual situation for companies that have experience operating anywhere in the world.