dyton mupawaenda
Farirai Machivenyika-Senior Reporter
GOLD producers delivered over eight tonnes of the yellow metal in the first quarter of this year, with Mines and Mining Development Minister Winston Chitando optimistic the country will reach this year’s 40-tonne target.
Minister Chitando made the remarks at the send-off ceremony for the first quarter gold mobilisation teams.
The teams will tour all gold-producing provinces, except Harare and Bulawayo.
“For the first four months of 2025, the statistics for our monthly gold deliveries demonstrate the significant contribution of our mining stakeholders. In January, we recorded a total purchase of 3,13 tonnes of gold. This momentum continued into February and March with 2,56 tonnes and 2,79 tonnes respectively. These figures underscore the inherent potential within our gold sector and the dedication of our miners in particular.
“Aggregating this performance for the first quarter of 2025, we see a total gold delivery of 8,5 tonnes which is well above the target of 7 tonnes set for the first quarter of 2025. This demonstrates a solid start to the year and provides a strong foundation upon which to build,” he said.
The minister said a production analysis highlighted the critical role played by small-scale producers.
“In January, February and March 2025 their contributions were a substantial 2,27 tonnes, 1,64 tonnes and 1,86 tonnes respectively showing an average monthly contribution of 68 percent of the total production. This consistent performance underscores the effectiveness of our ongoing efforts to formalize and empower this pivotal segment of our industry,” Minister Chitando said.
Minister Chitando hailed the contribution of big miners, who contributed 32 percent of total production during the period under review.
“However, although their consistent output forms a vital anchor for our overall gold production in the country, there is need for their output to reflect increased capital and effort invested in this segment.
“It is important to acknowledge, however, the significant challenges that continue to face our gold mining sector. Foremost among these are illicit activities and the ongoing issue of gold smuggling. Due to its inherent nature as a high value and low volume commodity, gold is particularly susceptible to leakages to various international markets. To effectively curb these detrimental activities, strong collaboration and shared responsibility amongst all stakeholders is paramount,” he said.
The gold sector, the minister said, was of paramount importance to the economy, serving as the main anchor for the currency.
“As we move forward, we must remain vigilant against illicit activities and smuggling. The inherent value of gold necessitates a continued collaborative effort amongst all stakeholders to safeguard this precious resource for the benefit of Zimbabwe. Our goal for 2025 is ambitious, and the initial figures demonstrate that it is within our reach. By maintaining our focus on formalization, promoting responsible mining practices, and fostering a collaborative environment, we can further unlock the vast potential of our gold sector,” he said
Online Reporter