Zimbabwe’s gold mining sector is on track to hit its annual target of 40 tonnes after a sharp rise in gold deliveries in January 2025. Despite the rainy season, which usually slows production, the sector has shown strong growth, boosting hopes for a successful year and reinforcing its role as a key driver of the economy.
Data from Fidelity Gold Refinery (FGR) shows gold deliveries jumped by over 30% in January 2025 compared to the same period last year. Deliveries rose from 1.8 tonnes in January 2024 to more than three tonnes this year. This growth is impressive, especially during the rainy season, when mining activities often face challenges due to heavy rains and difficult working conditions.
Artisanal and small-scale miners continue to dominate Zimbabwe’s gold production, contributing over 70% of total deliveries in January. Large-scale miners accounted for the remaining 30%, showing the critical role smaller operators play in keeping the industry alive. Winston Chitando, Zimbabwe’s Minister of Mines and Mining Development, praised the sector’s strong performance. “This is a remarkable achievement, particularly during the rainy season when production usually drops,” he said. “The government is committed to supporting miners and creating conditions that help them succeed, which will benefit the entire nation.”
Small-scale miners have shown incredible resilience, overcoming obstacles like limited funding, outdated equipment, and poor infrastructure. Wellington Takavarasha, CEO of the Zimbabwe Miners Federation, highlighted their efforts. “Small-scale miners are the backbone of gold production in Zimbabwe,” he said. “They are not only maintaining output but also investing in ways to grow their operations and increase productivity.”
The government has also stepped in to support the sector. Initiatives like providing mining equipment, improving access to funding, and creating favorable policies have helped miners boost production. Gold mining is one of Zimbabwe’s top sources of foreign currency, making it a vital part of the economy. The sector’s strong performance helps stabilize the economy and supports other industries.
With both small-scale and large-scale miners working together, Zimbabwe is well on its way to meeting its 40-tonne target for the year. Stakeholders are optimistic that the current momentum will continue, potentially even exceeding expectations. As the gold mining sector grows, it highlights the potential of Zimbabwe’s mining industry to drive economic recovery and sustainable development. With small-scale miners leading the charge, the sector remains a shining pillar of the nation’s economy.