Zimbabwe’s gold producers are currently in high-level discussions with the Government to review and potentially increase the country’s gold production targets, for 2026, following a strong performance that saw output surpass 46 tonnes last year.
The consultations seek to evaluate the mining sector’s overall performance, identify operational constraints, and craft strategies to sustain the impressive growth trajectory.
Sources close to the negotiations told this publication that the 2026 target is likely to be set above 45 tonnes, reflecting confidence in the sector’s upward momentum.
In an interview yesterday, Economist Dr. Zack Murerwa, said consolidating these gains is crucial for long-term sector stability.
“We expect the meetings to lay the foundation for a clear path of sustainable development. Strengthening production is essential, and supporting miners, particularly small-scale producers must be a priority. Capacitating emerging miners is equally important,” he noted.
Fidelity Gold Refinery (FGR) is similarly upbeat, citing favourable global markets and ongoing institutional support.
“As Fidelity Gold Refinery, we remain committed to fostering the growth of this capital-intensive but highly viable sector. Our focus is on long-term initiatives that unlock value and ensure conducive operating conditions to sustain this growth,” said FGR Chief Executive Officer, Peter Magaramombe.
Gold continues to anchor Zimbabwe’s economy as its top mineral export, contributing over 70 percent of annual foreign currency inflows
