Zimbabwe's Gold Exports Rise 24% to $748 Million in Year-on-Year
Zimbabwe's Gold Exports Rise 24% to $748 Million in Year-on-Year
Gold remains Zimbabwe’s top export, with $1.52 billion in bullion exported in 2024, reported the Reserve Bank of Zimbabwe (RBZ), commenting on a $148.8 million year-on-year increase.
The monthly breakdown reveals strong growth:
January: $123.1M (vs. $112M in 2024)
February: $117M (vs. $109M)
March: $155.6M (vs. $82.2M) – +89% surge
April: $183.3M (vs. $102.6M) – +79% increase
May: $168.7M (vs. $193.5M) – Slight 13% dip
The growth is driven by:
🟠Rising participation and better organization in small-scale mining;
🟠Government support;
🟠High global gold prices in 2025;
🟠Strategic investments reopening mines and boosting production;
🟠Policies encouraging sales through official channels.
Small-scale miners continue to drive Zimbabwe's gold output, exceeding production from larger companies. While large-scale producers contribute significantly to Fidelity Gold Refinery, the sole legal buyer, their output consistently lags behind that of small-scale operators.
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