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Gold deliveries to Fidelity Gold Refinery (FGR) for the first six months of 2025 have significantly increased, rising by 45.85% compared to the same period in 2024, Mining Zimbabwe can report.
By Rudairo Mapuranga
According to official data, Zimbabwe recorded 20,103.55 kg of gold deliveries from January to June 2025, up from 13,784.29 kg delivered during the same period last year.
The surge is largely attributed to the remarkable performance of artisanal and small-scale miners (ASM), who delivered 14,561.68 kg in the first half of 2025—a 96.31% increase from the 7,416.97 kg delivered in the same period of 2024. The improvement reflects growing confidence in the formal gold market, bolstered by timely payments and favourable pricing.
Fidelity Gold Refinery’s gold purchase price has risen to over US$105 per gram in recent months, incentivising miners—particularly those in the small-scale sector—to increase production and channel gold through formal channels.
On the other hand, large-scale mining houses recorded a 12.95% decrease, delivering 5,541.87 kg in 2025 compared to 6,367.33 kg in the previous year. Analysts point to restructuring within some major operations and ongoing infrastructure projects as possible reasons for the decline.
The strong showing by the ASM sector not only demonstrates its critical role in Zimbabwe’s gold industry but also reflects the importance of continued government support, fair pricing, and prompt payment mechanisms.
With the country targeting 40 tonnes annually, the improved mid-year performance provides a strong base to potentially exceed 2024’s full-year deliveries, especially if current gold prices and operational support are sustained.
