MINING REFINING

Zimbabwe records 62,5% rise in gold deliveries

Thu May 08 2025

Zimbabwe's gold sector continues to perform exceptionally well, with April 2025 gold deliveries reaching a remarkable 3.9 tonnes, marking a 62.5% increase from the 2.4 tonnes recorded during the same period in 2024.

According to Fidelity Gold Refiners, the government's official gold-buying agency, the surge in deliveries was largely attributed to a more than two-fold increase in gold deliveries from small-scale producers. This growth is a positive sign for the sector, which remains one of Zimbabwe's most critical sources of foreign currency.

Gold remains Zimbabwe's single largest foreign currency earner, contributing a substantial US$1.5 billion to the economy in 2024. The surge in small-scale gold deliveries has been particularly encouraging, given the sector's vital role in the nation's overall gold output.

For the first four months of 2025, primary gold producers, which are typically large-scale, well-established mining companies with significant capital investment, yielded a total of 3,653.03 kg of gold. This output showed relatively consistent monthly figures of around 900 kg.

Source: https://bulawayo24.com/