Zimbabwe’s gold deliveries remain strong but marginally slower in January

Martin Kadzere

Zimbabwe’s gold deliveries for 2026 got off to a slow start, with both large and small-scale producers recording a year-on-year monthly decline in output, latest data from the Fidelity Gold Refinery (FGR) show.

The country’s sole authorised gold buyer reported total deliveries for January reached about 3,04 tonnes, a marginal decrease from about 3,17 tonnes recorded during the same period in 2025.

The statistics highlight a continued reliance on the artisanal and small-scale mining (ASM) sector, which remain the backbone of the country’s bullion production despite a slight dip in performance.

Small-scale miners delivered 2,24 tonnes in January 2026, compared to 2,27 tonnes in January 2025.

Large-scale miners produced 808.4 kg in January 2026, down from 903,2 kg in the prior-year period.

Zimbabwe’s gold output in January 2025 increased significantly from the same period in 2024, driven primarily by a surge in deliveries from artisanal and small-scale miners.

Total gold deliveries in January 2025 were roughly 32 percent higher than the 2,375 kg recorded in January 2024.

Zimbabwe set a record-high gold production of 46,7 tonnes in 2025, which was a 28 percent increase over the 36,48 tonnes produced in 2024.

 

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