NEW: Zimbabwe’s gold output rises to record high as small-scale miners ramp up production

According to the latest data released by Fidelity Gold Refiners, the country’s sole authorised gold buyer, total output for the month reached 3 412,9kg, up from the 2 596,1kg recorded in February 2025.

Online Reporter

ZIMBABWE’S gold production surged 29 percent for the 10 months ending October 2025, reaching 41,8 tonnes, up from 32,4 tonnes recorded in the corresponding period of the previous year, figures released by the country’s sole gold buyer, Fidelity Gold Refinery, show.

The artisanal and small-scale mining sector emerged as the powerhouse behind the impressive output, contributing 30,99 tonnes, an increase from the 20,4 tonnes a year earlier.

The sector now accounts for approximately 74 percent of the total national gold output, a performance largely due to Government incentives and increased formalisation efforts.

Deliveries from large-scale producers dropped to 10,79 tonnes from 11,7 tonnes recorded in the same period last year.

Gold remains the country’s largest export earner, with foreign receipts for the 10 months to October 2025 soaring 88,9 percent to US$3,76 billion from US$1,99 billion earned in the same period last year, according to statistics from the Reserve Bank of Zimbabwe.

The performance is primarily attributed to the country benefitting from record international gold prices, which have provided a significant boost to the country’s foreign currency inflows.