admin
Trust Freddy
Herald Correspondent
Fidelity Gold Refiners has hailed small-scale gold miners for contributing 65 percent to the country’s total gold production, which stood at 36, 48 tonnes in 2024 as the formalisation of artisanal mining continues to pay off.
This impressive output not only exceeded Government’s annual target of 35 tonnes but also showed a 21 percent surge from the 30.1 tonnes recorded in 2023.
While addressing small-scale miners under the Zimbabwe Miners Federation (ZMF), Fidelity Gold Refinery general manager Mr Peter Magaramombe said: “Out of the 36.5 tonnes of gold delivered in 2024, the artisanal and small-scale mining sector contributed 65 percent while 35 percent came from large-scale miners.
“This growth in gold deliveries from the artisanal and small-scale mining sector demonstrates the commitment and loyalty of our miners.”
He also commended the ZMF president, Ms Henrietta Rushwaya, for encouraging small-scale miners to sell gold through formal channels.
“Your efforts in encouraging artisanal and small-scale miners to sell their gold to Fidelity Gold Refinery has not only benefitted the country in terms of foreign currency contributions but has also contributed to the formalisation of the sector.
Speaking at the same event, Ms Rushwaya said as small-scale miners, they are aiming higher for 2025.
“We take pride in this particular year. We are now targeting to do nothing less than 40 tonnes.”
She also commended the Second Republic for creating a favourable business environment for small-scale miners.
“As small-scale miners, we are quite privileged to be living in this era, where our contributions are also taken into consideration as part of the mainstream economy.”
Online Reporter