- Gold deliveries to Fidelity rise 10.25% to 41.4 tonnes in ten months.
- Zimbabwe needs another 8.6 tonnes to reach its 50-tonne target.
- Small-scale miners supplied about 77% of October deliveries.
- Mines official says output could double to 100 tonnes.
ZIMBABWE’S gold deliveries to the state refinery rose 10.25% to 41.4 tonnes in the first ten months of 2026, leaving the country 8.6 tonnes short of its 50-tonne annual target.
Fidelity Gold Refinery received 41,400.8 kilogrammes between January and October, against 37,553.0 kilogrammes in the same period last year.
October deliveries reached 5,519.2 kilogrammes, up 17.04% from September and 32.83% from October 2025.
Artisanal and small-scale miners supplied 4,274 kilogrammes, or about 77% of the October total, up 25.77% from September. Large-scale producers delivered 1,245 kilogrammes, down 5.46% on the month but 34.64% higher than a year earlier.
Small-scale miners supplied about 71.8% of deliveries in the first nine months.
To reach 50 tonnes, Zimbabwe needs another 8.6 tonnes in November and December, an average of about 4.3 tonnes a month. Third-quarter deliveries averaged 4.8 tonnes a month.
Mines and Mining Development Permanent Secretary Thomas Utete Wushe told the Zimbabwe Miners Federation annual general meeting that the target is too low.
“I think we can easily get to 100 tonnes,” he said.
Wushe said the government is also reviewing its mining economy goal. The earlier $12 billion target is now expected to rise to “something like US$15 billion,” he said.
Zimbabwe produced 46.7 tonnes of gold in 2025, up from a low of 3 tonnes in 2008, according to Reuters. Doubling output would need a far bigger jump than the 10% rise in deliveries this year.
Gold made up about $3.2 billion of Zimbabwe’s $5.73 billion in mineral export earnings in the first half of 2026, Deputy Minister of Mines Caleb Makwiranzou said in September. Spot gold fell to a one-year low in late October.
