Staff Reporter
Zimbabwe’s gold sector has witnessed a significant upturn, with deliveries, in January 2025, reaching 3,134 tonnes, marking a 32% increase from the 2,375 tonnes recorded in January 2024. This surge is largely attributed to the contributions of artisanal and small-scale miners, who delivered 2,265 tonnes, accounting for approximately 70% of the total output.
Henrietta Rushwaya, President of the Zimbabwe Miners Federation (ZMF), speaking through a press statement emphasised the pivotal role of these miners in bolstering the nation’s gold production.
“The artisanal and small-scale mining sector remains the bedrock of our gold industry. Their unwavering commitment and hard work have been instrumental in achieving this remarkable growth,” Rushwaya stated.
In contrast, large-scale mining operations contributed 868.8 kilograms, in January 2025, reflecting a modest increase from their previous year’s output performance.
“In 2024, our total gold output stood at 36.4 tonnes, a 21.2% increase from 2023. Notably, artisanal miners were responsible for 23.7 tonnes of this production, underscoring their significant impact on our mining sector,” Rushwaya noted
Government has set an ambitious target of 40 tonnesfor 2025. To facilitate this goal, plans are underway to expand the number of gold-buying centres from 20 in 2024 to 25 in 2025, ensuring that miners have greater access to formal markets and reducing the allure of illicit trade.
Rushwaya expressed optimism about this initiative, stating, “By increasing the number of gold-buying centres, we aim to provide artisanal miners with more accessible and transparent channels to sell their gold. This move will not only enhance their livelihoods but also ensure that more gold is accounted for in the formal economy.”
The surge in gold deliveries also bolstersZimbabwe’s gold-backed currency, the Zimbabwe Gold (ZiG). As of now, the gold-backed reserves stand at 2.67 tonnes, valued at approximately US$228 million, contributing to total reserves of US$533 million supporting the ZiG.
Rushwaya highlighted the broader economic implications, stating, “The strength of our gold sector directly impacts the stability and value of our currency. A robust gold production not only enhances our reserves but also instills confidence in our monetary system.”
Meanwhile, Government attributes the increase in gold deliveries to improved mining policies, crackdowns on smuggling, and incentives for small-scale miners.
An official from the Ministry of Mines and Mining Development commented on the basis of anonymity, “Our focus remains on formalising small-scale operations, enhancing productivity, and ensuring that all gold finds its way to Fidelity Gold Refiners.”
As Zimbabwe progresses into 2025, the collaborative efforts between Government, ZMF and miners across the nation aim to sustain and build upon this positive trajectory in the gold sector.
