Zimbabwe’s gold sector has demonstrated a solid performance in the first quarter of 2026, with total deliveries to Fidelity Gold Refinery (FGR) reaching 9,311.92 kg. This represents a steady 8.29% increase compared to the 8,599.10 kg delivered during the same period in 2025.
The quarterly growth was largely anchored by a massive surge in February 2026, where total output jumped to 3,412.95 kg, significantly outpacing the previous year’s February performance of 2,596.11 kg.
Sector Contributions
The data from FGR highlights a tale of two sectors:
Small-Scale Producers: This sector remains the backbone of national production, contributing a total of 6,510.91 kg for the quarter. While they peaked in February, deliveries cooled to 1,748.70 kg in March.
Primary Producers: Large-scale industrial mines have shown remarkable consistency and growth. Their monthly output climbed steadily throughout the quarter, finishing at a high of 1,105.31 kg in March, a 14% increase over their March 2025 figures.
| Sector | January (kg) | February (kg) | March (kg) | Q1 Total (kg) |
| Primary Producers (Large scale) | 808.41 | 887.30 | 1,105.31 | 2,801.01 |
| Small Scale Producers | 2,236.56 | 2,525.65 | 1,748.70 | 6,510.91 |
| Total Procurement | 3,044.97 | 3,412.95 | 2,854.00 | 9,311.92 |
Quarterly Highlights
As the 2026 mining season progresses, the industrial sector’s ability to maintain an upward trajectory suggests improving operational efficiencies at major mines. Although the small-scale sector experienced a month-on-month dip at the end of the quarter, the cumulative volume of over 9.3 tonnes puts the industry in a strong position to meet annual targets.
