Mines and Mining Development Minister Winston Chitando said on Monday that Zimbabwe is set to surpass its 2024 gold delivery target, with 32 tonnes of the precious metal already produced by the end of November.
The country’s gold deliveries are expected to reach up to 37 tonnes by year-end, exceeding the initial target of 35 tonnes. Gold is a key export and plays a crucial role in Zimbabwe’s economy, serving as a foundation for the newly introduced Zimbabwe Gold (ZiG) currency.
In a speech at a gold mobilization ceremony in Harare, Chitando noted that gold production is critical for both the country’s foreign currency earnings and currency stabilization efforts. “The gold sector holds immense significance for the country’s economy,” he said, adding that increasing gold deliveries strengthens Zimbabwe’s currency reserves.
Deliveries in October and November totaled 4.17 tonnes and 3.7 tonnes, respectively, with the government needing an additional five tonnes in December to meet the revised target.
Chitando also reiterated the government’s commitment to supporting small-scale and artisanal miners through formalization, access to technology, and financial assistance, while stressing the need for compliance with mining regulations. The government has deployed eight monitoring teams across the country to ensure adherence to labor, environmental, and financial laws.
