Online Reporter
Gold deliveries to Fidelity top 26t as small miners lead output
Business Reporter
Zimbabwe’s gold deliveries to State-run buyer Fidelity Gold Refinery (FGR) reached 26,05 tonnes during the first seven months of 2026, driven by output from small-scale and artisanal miners.
Gold deliveries to FGR reached a historic 24.31 tonnes (24,308.57 kg) in the seven months to July 2025, representing a 40,7 percent increase compared to the same period in 2024.
The latest official figures show that small-scale producers accounted for 18,4 tonnes, representing about 70,6 percent of total deliveries between January and July, while primary producers delivered 7,64 tonnes.Delivery volume expanded significantly in the second quarter, peaking in June, when total monthly purchases hit 4,81 tonnes, the official figures show. During that month, small-scale producers and artisanal miners delivered 3,58 tonnes, while primary producers contributed 1,22 tonnes.
Primary producers recorded month-on-month gains, with monthly deliveries rising from 0,808 tonnes in January to a peak of 1,229 tonnes in June. Small-scale deliveries rebounded sharply from a low of 1,748 tonnes in March before reaching peak levels in June.
With 26,05 tonnes delivered by the end of July, the mining sector remains on track to meet the targets of 55 tonnes this year.
Gold remains Zimbabwe’s single largest foreign currency earner, playing a critical role in national revenue generation and macroeconomic stability.
Beyond export revenues, physical bullion reserves held by the Reserve Bank of Zimbabwe serve as the primary anchor backing the domestic currency, ZiG, ensuring exchange rate support and domestic market stability.
Although artisanal miners account for the bulk of volume, the primary mining sector is undergoing significant capital expansion.
