Zimbabwe’s gold sector is experiencing a major investment surge, with more than US$1.6 billion channelled towards mine expansion, exploration and rehabilitation projects, underscoring growing investor confidence and strengthening the industry’s contribution to economic growth.
The influx of capital is transforming the mining landscape, with investments supporting production ramp-ups, operational upgrades and the revival of previously dormant mining assets. Industry stakeholders say the investments are positioning the sector for sustained growth while enhancing Zimbabwe’s standing as a leading gold producer in the region.
Chamber of Mines of Zimbabwe, Chief Executive Officer, Isaac Kwesu said substantial resources have already been deployed across various projects, with more investments expected in the coming years.
“Approximately US$1.6 billion has been spent on expansion projects, production ramp-ups and maintenance programmes. The gold sector is expanding rapidly, while several companies continue to invest heavily in exploration and new development projects,” he said.
Kwesu noted that the revival of former RioZim mining operations could further boost production, although significant capital injections would be required to restore the mines to their previous operational levels.
He stressed that exploration remains critical to the future of the mining industry, as many existing mines are approaching the end of their productive lifespan.
“Exploration is the engine of mining. We need to discover new ore bodies and replace ageing assets to ensure long-term sustainability and continued growth,” he said.
Attention is also turning to the formalisation of artisanal and small-scale miners, who now contribute significantly to national gold output and foreign currency earnings.
Zimbabwe Miners Federation President, Henrietta Rushwaya said formalisation is creating new opportunities for miners by improving access to finance, property ownership and business support services.
“Small-scale miners are now making a major contribution to the economy and foreign currency generation. Formalisation is enabling miners to become productive, organised and bankable,” she said.
Stakeholders believe continued investment, increased exploration and support for small-scale miners will strengthen gold production and drive economic transformation.
With billions already committed and further projects in the pipeline, Zimbabwe’s gold sector is emerging as a key pillar of export growth, job creation and industrial development.
