News / National
Zimbabwe records 62,5% rise in gold deliveries
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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.
Some of Zimbabwe's major primary gold producers include Kuvimba Mining House, Caledonia Mining Corporation, and Dallaglio Investments.
On the other hand, small-scale producers delivered a significantly higher total of 8,696.97 kg during the same period, demonstrating more variability in their monthly production. The month of April saw a peak in deliveries from small-scale miners, reaching an impressive 2,926.11 kg.
These smaller miners, including artisanal gold diggers and independent mining entities, often operate with less capital and rudimentary methods compared to their larger counterparts, but their contribution to the sector is undeniable.
In total, gold deliveries for the first four months of 2025 reached 12,350 kg, a promising indication of the sector's continued growth and the government's ongoing efforts to boost production and streamline the gold-buying process.
With this strong performance, Zimbabwe's gold sector is on track to continue playing a key role in the country's economic development throughout the year.
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.
Some of Zimbabwe's major primary gold producers include Kuvimba Mining House, Caledonia Mining Corporation, and Dallaglio Investments.
On the other hand, small-scale producers delivered a significantly higher total of 8,696.97 kg during the same period, demonstrating more variability in their monthly production. The month of April saw a peak in deliveries from small-scale miners, reaching an impressive 2,926.11 kg.
These smaller miners, including artisanal gold diggers and independent mining entities, often operate with less capital and rudimentary methods compared to their larger counterparts, but their contribution to the sector is undeniable.
In total, gold deliveries for the first four months of 2025 reached 12,350 kg, a promising indication of the sector's continued growth and the government's ongoing efforts to boost production and streamline the gold-buying process.
With this strong performance, Zimbabwe's gold sector is on track to continue playing a key role in the country's economic development throughout the year.
Source - the herald
