Zimbabwe is on track to surpass its annual gold delivery target of at least 50 tonnes after deliveries reached 41.4 tonnes in the first 10 months of 2026, the state-run Herald daily reported on Thursday.
Quoting figures from the central bank’s Fidelity Gold Refiners, the daily said small-scale miners remained the backbone of the sector, contributing 30.1 tonnes, or nearly 73 percent of total deliveries between January and October. Large-scale producers accounted for 11.3 tonnes.
The strong performance was capped by October deliveries of 5.5 tonnes, the highest monthly total recorded this year.
Government is targeting gold deliveries of between 50 and 55 tonnes in 2026, up from 46.7 tonnes produced in 2025.
Gold is Zimbabwe’s largest export earner, accounting for a significant portion of the country’s export receipts and serving as the principal reserve asset backing the ZiG currency.
The sector is increasingly reliant on artisanal and small-scale miners whose contribution has grown steadily in recent years following efforts to formalise operations and improve access to markets.
Authorities are seeking to further boost output through the formalisation of artisanal mining activities and investment in mineral processing infrastructure.
JN/APA