Zimbabwe’s gold mining sector stands on the cusp of a defining year, with projections from the 2026 State of the Mining Industry Report outlining a path from approximately 47 tons in 2025 to a target of 50 tons in 2026.
By Rudairo Mapuranga
The anticipated growth is inextricably linked to the Artisanal and Small-Scale Mining (ASM) sector, which has long been the bedrock of national production, and Fidelity Gold Refinery (FGR), Mining Zimbabwe can report.
The report details a concerted, multi-stakeholder strategy centred on formalisation, technological adoption, and strategic support, with FGR positioned as a critical conduit for channelling this output into the formal economy. The collective ambition for 2026 is not merely a numerical target but a test of a new model for integrating ASM into a sustainable, secure, and prosperous national mining framework.
The confidence in reaching the 50-ton target is anchored in the resilience and growing capacity of the small-scale sector. According to the report, respondents from the gold sector explicitly connect their optimism to favourable and stable international gold prices, which provide both the capital and the confidence for expansion. This external market windfall creates a vital window of opportunity for internal reforms. The ASM sector’s growth is expected to be driven by ongoing expansion activities, with miners reporting plans to inject additional capital into their projects and reinvest earnings back into their businesses. This organic growth is further bolstered by the potential for joint ventures and improved access to equipment, which are critical for upgrading operational scale and efficiency.
Recognising that market prices alone cannot guarantee sustainable growth or official deliveries, the government has initiated a policy framework aimed squarely at improving the integration of ASM miners with Fidelity Gold Refinery. This is a central theme of the 2026 report. Key initiatives include the finalisation of a national ASGM strategy to enhance formalisation and the implementation of a dedicated gold mobilisation strategy. Support from the Ministry of Mines and Mining Development is channelled into capacity building and establishing financing structures tailored for small-scale miners.
The sector itself has articulated clear policy recommendations necessary for this transition. These span from the fundamental, such as simplified licensing processes, the delineation of legal mining zones, and the formation of mining cooperatives, to the developmental, including the establishment of dedicated financial mechanisms and improved access to geological data. The call for health and safety training and the adoption of cleaner technologies underscores a growing recognition within the sector that long-term viability depends on operational safety and environmental responsibility.
Fidelity Gold Refinery’s role is evolving under this new framework, moving beyond a passive purchaser to an active facilitator of formalisation. Initiatives detailed in the report are designed to incentivise and secure deliveries. These include a financial incentive scheme for small-scale producers based on monthly delivery volumes, the operation of anonymous depots to enhance security for miners, and the negotiation of favourable foreign currency retention levels. The Gold Development Initiative Fund (GDIF), to which small-scale miners contribute, is envisioned as a tool for circular investment back into the sector.
Perhaps most critically, FGR is focusing on improving its service footprint to meet miners where they are. The anticipated increase in Gold Service Centres across mining regions addresses a major logistical hurdle, reducing travel distances for inspections, payments, and certification. This practical step, coupled with the provision of technical services like milling and processing, directly tackles the inefficiencies that have historically pushed miners toward informal markets.
Despite this strategic alignment, the 2026 report soberly outlines profound challenges that threaten to derail progress. Regulatory hurdles remain among the most significant, with miners citing complex and lengthy licensing processes that make formalisation slow and prohibitively expensive. This is compounded by weak or selective enforcement of regulations, which perpetuates illegal mining, environmental degradation, and unsafe practices.
Capital constraints are equally crippling. Limited access to formal credit and exploitative practices by informal buyers who capitalise on miners’ cash flow challenges create a cycle of poverty that stifles investment. Technical limitations, such as poor geological data and inefficient, often dangerous processing methods like mercury use, further cap productivity and pose serious health and environmental risks. These operational challenges are intertwined with social issues, including land conflicts and community displacement, which undermine the sector’s social licence to operate.
The trajectory for Zimbabwe’s gold sector in 2026 will be determined by the speed and effectiveness with which the outlined strategies are implemented. The partnership between a reforming state, a proactive refinery, and an empowered ASM sector forms the core of this new approach. Success will be measured not just in tons delivered to Fidelity, but in the tangible formalisation of thousands of miners, the remediation of environmental damage, and the creation of a safer, more equitable industry.
The ultimate goal is to transform the ASM sector from a diffuse, informal network into an organised, professionalised, and invested partner in national development. If the integrated plans for policy reform, financial support, and technological upgrades are successfully executed, the 50-ton target will represent far more than a production milestone; it will signify the emergence of a more resilient, responsible, and prosperous gold mining economy for Zimbabwe.




