Fidelity Gold Refinery has implemented a new 90:10 payment structure for small-scale gold producers following the latest monetary policy directive from the Reserve Bank of Zimbabwe (RBZ).
In a statement issued after the RBZ’s Monetary Policy Statement of 27 February 2026, Fidelity confirmed that small-scale miners will now receive 90% of their gold proceeds in foreign currency, with the remaining 10% paid in local currency (ZiG). The new structure takes effect immediately.
The refinery said the move aligns with the central bank’s revised retention framework for gold deliveries by small-scale producers and gold buying agents. Authorities believe the adjustment will improve foreign currency earnings for miners while maintaining local currency circulation in the domestic economy.
To ensure smooth processing of the ZiG portion of payments, Fidelity has urged all small-scale miners to submit their local currency banking details without delay. The company emphasized that compliance with the new requirements will help avoid payment disruptions.
Fidelity also assured stakeholders that it is committed to ensuring a seamless transition in line with the new monetary policy measures.
Small-scale miners account for the bulk of Zimbabwe’s gold deliveries, making the new 90:10 structure a significant development for the sector’s cash flows and viability.
