Online Reporter
Business Reporter
ZIMBABWE generated US$3,1 billion from gold exports during the first six months of 2026, a 72,2 percent increase compared to US$1,8 billion recorded over the corresponding period in 2025, official figures released by the Reserve Bank of Zimbabwe (RBZ) show.
Monthly foreign currency receipts from gold exports have maintained a strong upward path throughout the half-year period compared to the same period in 2025.
January gold export revenues stood at US$498,3 million, compared to 296.8 million US dollars recorded in January 2025.
In February, earnings reached US$549 million, up from US$219,9 million in the previous year.
A total of US$406,1 million was realised in March this year from US$244,2 million in March 2025. April inflows totalled about US$528 million, rising from US$307,1 million recorded in April last year.
Official data shows that May earnings rose to US$503,3 million, compared to US$373,3 million in May 2025.
June capped the half-year performance as monthly gold export earnings peaked at US$597,1 million from US$394,2 million during the same period last year.
The substantial increase in export revenue was driven by rising production volumes and favourable international bullion market conditions.
Total gold deliveries to sole State buyer Fidelity Gold Refinery reached 21,39 tonnes between January and June 2026.
Artisanal and small-scale miners continued to drive overall output, contributing over 70 percent of total gold deliveries to the national refinery during the first half of the year.
These significant inflows have allowed the monetary authorities to steadily accumulate foreign exchange reserves, reinforcing price and exchange rate stability for the local Zimbabwe Gold currency.
