Zimbabwe’s gold mining sector is glittering in 2025, with official figures showing a 46% surge in gold deliveries in the first half of the year. According to data from Fidelity Gold Refinery, the country sold 20.1 tonnes of gold by June — a sharp rise from 13.78 tonnes in the same period last year.
The momentum peaked in June, when monthly gold output jumped 63%, reaching 4,265kg compared to 2,618kg in June 2024.
Small-scale miners continue to be the backbone of the sector, contributing 14.1 tonnes in the first six months — accounting for a staggering 72% of all gold delivered.
Analysts say global market dynamics are fuelling the upswing. International gold prices are currently 40% higher than they were this time last year, offering a timely cushion for Zimbabwean miners who are grappling with rising domestic operational costs.
“We’re seeing record prices internationally, and that’s motivating production across the board — particularly from small-scale players who benefit the most from favourable margins,” said a mining economist familiar with the developments.
Industry insiders remain hopeful that the current trend will continue into the second half of the year, especially if global demand holds and domestic policies remain supportive.
Zimbabwe is banking on gold — its top foreign currency earner — to shore up much-needed reserves and anchor economic stability amid ongoing fiscal pressures.
