Zimbabwe’s gold deliveries reached 41,4 tonnes in the first 10 months of 2026, with small-scale miners accounting for more than 72% of output and placing the country on course to achieve its annual target of 50 to 55 tonnes.
Latest figures from Fidelity Gold Refinery show that artisanal and small-scale miners delivered 30,05 tonnes between January and October, while large-scale producers contributed 11,34 tonnes.
Deliveries maintained an upward trend throughout the year, rising from 9,31 tonnes in the first quarter to 12,08 tonnes in the second and 14,48 tonnes in the third quarter.
October recorded the highest monthly deliveries during the period, with 5,52 tonnes. Small-scale miners accounted for 4,27 tonnes, representing 77,44%, while primary producers contributed 1,24 tonnes.
With two months remaining in the year, the country is closing in on its 2026 target, having recorded 46,7 tonnes in 2025.
The Government is targeting increased mineral output through expanded investment, formalisation of artisanal mining operations and improved processing capacity.
Gold remains Zimbabwe’s leading export commodity, contributing approximately 52% of total export earnings and playing a significant role in foreign currency generation.
The metal also forms part of the Reserve Bank of Zimbabwe’s reserve assets, supporting the country’s external reserves and providing a buffer against economic shocks.
Meanwhile, gold export receipts increased by 53% to US$2,95 billion in the first nine months of 2026, up from US$1,93 billion during the same period last year.
The growth was driven by sustained export volumes and elevated international bullion prices, supported by geopolitical uncertainties and central banks’ continued diversification of reserve assets.
The strong performance underscores the importance of both small-scale and large-scale producers in expanding mineral output, boosting export earnings and supporting Zimbabwe’s broader economic growth.
