*RioZim Posts ZWG628 Million Loss as Output Plummets* ----- Mining giant RioZim Limited has reported a massive ZWG628.4 million loss for 2024—over four times its 2023 deficit of ZWG107.7 million—blaming steep declines in gold and diamond production. Gold output fell by 54%, while its diamond unit, RZM Murowa, saw carat production drop 13% to 359,000 due to a 47% plunge in plant throughput. The company decommissioned its ageing mobile equipment and turned to hired machinery, but the disruption led to a ZWG66 million share loss from the associate, up from ZWG95,000. Group revenue slid to ZWG475.5 million from ZWG795.7 million in 2023, reflecting lower volumes and weakening diamond prices. Despite the challenges, RioZim remains hopeful. Ongoing exploration at Murowa and an imminent capital injection are expected to stabilize operations and restore profitability. The group holds a 44% stake in Murowa, with controlling interests linked to the late Harpal Randhawa holding nearly 80%. Analysts warn RioZim must improve operational efficiency, cut costs, and secure its recapitalization to survive current market volatility.