Gold Deliveries Increase over 22.57% in August 2025
Zimbabwe’s gold deliveries to the country’s sole buyer and exporter, Fidelity Gold Refinery (FGR), in August 2025 stood at 4,189.77 kg, reflecting a slight 0.36% month-on-month decrease from 4,205.02 kg delivered in July 2025. However, year-on-year deliveries surged 22.57%, up from 3,418.09 kg in August 2024, underscoring the continued resilience of the sector, particularly artisanal and small-scale mining (ASM), Mining Zimbabwe can report.
By Rudairo Mapuranga
According to figures availed to Mining Zimbabwe, the ASM sector once again anchored deliveries, recording 3,249.93 kg in August 2025, up 1.56% from 3,199.84 kg in July. Year-on-year, ASM deliveries registered a remarkable 35.96% increase, rising from 2,390.80 kg in August 2024.
In contrast, large-scale producers delivered 939.84 kg in August 2025, marking a 6.51% decline month-on-month from 1,005.18 kg in July. Deliveries from the subsector were also 8.51% lower year-on-year compared to 1,027.29 kg recorded in August 2024.
This mirrors a trend observed in July, where ASM deliveries surged while large-scale output softened. The sustained dominance of ASM has reaffirmed its critical role in Zimbabwe’s gold mining industry, now contributing nearly 78% of August’s total deliveries.
July 2025 gold deliveries stood at 4,205.02 kg, down 1.42% from June 2025, but 20.3% higher year-on-year. That month, ASM output slipped slightly, while large-scale deliveries improved, showing signs of recovery following restructuring among some key operations.
The strong August figures, following robust July deliveries, reinforce Zimbabwe’s impressive 2025 performance. In the first half of the year, Zimbabwe delivered 20,103.55 kg of gold, a 45.85% increase from 13,784.29 kg in the same period of 2024. ASM nearly doubled its contributions, surging 96.31% year-on-year to 14,561.68 kg.
This stellar performance has been attributed to improved trust in formal gold marketing channels, particularly with Fidelity Gold Refinery offering over US$105 per gram, incentivizing miners to shun illicit trade.
While the month-on-month dip in August may highlight short-term fluctuations, the broader trajectory remains positive. Strong year-on-year growth, driven by ASM, suggests Zimbabwe is on track to surpass its 40-tonne gold output target for 2025, provided enabling policies and stable market conditions continue.
