NEW: Mining sector glitters with  62,5 percent rise in gold deliveries

Martin Kadzere

Zimbabwe’s gold sector continues to shine, as April 2025 gold deliveries surged to an impressive 3,9 tonnes, representing a staggering 62,5 percent increase from the 2,4 tonnes recorded during the same period in 2024.

Fidelity Gold Refiners, the Government’s official gold-buying agency, disclosed that the uptick was largely driven by a more than two-fold surge in gold deliveries from small-scale producers, a heartening sign of growth for the sector.

Gold is Zimbabwe’s single largest foreign currency earner and generated US$1,5 billion last year.

In the first four months of 2025, primary gold producers yielded a total of 3 653.03 kg, with relatively consistent monthly output of around 900kg.

Primary producers are typically larger, well-established mining companies with significant capital investment and formalised operations.

Some of the major primary gold producers in Zimbabwe include Kuvimba Mining House, Caledonia Mining Corporation and Dallaglio Investments.

Small-scale producers delivered a significantly larger total of 8 696.97 kg during the same period, demonstrating more variability in monthly production, peaking in April at 2 926.11 kg.

These often include artisanal miners and smaller mining entities that may operate with less capital and more rudimentary methods compared to primary producers. Total gold deliveries for the four months reached 12 350kg.

Related Posts

NEW: Construction of 15 modern houses for the vulnerable begins in Kadoma

Online Reporter CONSTRUCTION of 15 modern houses for the vulnerable has begun in Kadoma after the recent groundbreaking ceremony. The project follows the handover of 15 residential stands by Craft…

PARLY VOTE ON AMENDMENT BILL EXPECTED THIS WEEK

Debra Matabvu and Nyore Madzianike PARLIAMENTARIANS are expected to vote on the Constitution of Zimbabwe Amendment Bill (No. 3) in the National Assembly by Friday this week, marking a decisive…

Leave a Reply

Your email address will not be published. Required fields are marked *

×
×