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Africa’s gold hub shifts to Zimbabwe as 2026 output booms

Official
figures
reported
by The
Herald
,
a
partner
of
TV
BRICS,
showed
total
gold
deliveries
reached
12,636.51
kilogrammes
between
January
and
April,
reinforcing
gold’s
growing
importance
to
Zimbabwe’s
fragile
economy
and
foreign
currency
reserves.

The
strongest
momentum
came
from
large-scale
mining
operations,
where
April
deliveries
jumped
28.27%
year-on-year
to
1,213.93
kilogrammes.
The
increase
signals
expanding
production
capacity
in
a
sector
that
remains
central
to
Zimbabwe’s
export
earnings.

Gold
has
become
increasingly
strategic
for
the
southern
African
country
as
authorities
rely
on
the
precious
metal
to
support
the
Zimbabwe
Gold
(ZiG)
currency
system
and
stabilise
the
broader
economy
after
years
of
currency
volatility
and
inflation
pressures.

The
latest
figures
build
on
a
record-breaking
2025
for
Zimbabwe’s
mining
industry.
Last
year,
the
country
generated
US$4.61
billion
from
gold
exports,
while
total
deliveries
to
the
national
refinery
reached
46.73
tonnes,
comfortably
exceeding
the
government’s
annual
target
of
40
tonnes.

The
performance
has
strengthened
Zimbabwe’s
position
among
Africa’s
major
gold
producers
at
a
time
when
global
investors
and
central
banks
are
increasing
their
exposure
to
bullion
amid
economic
uncertainty
and
geopolitical
tensions.

Analysts
say
sustained
central
bank
purchases
and
continued
investor
appetite
for
safe-haven
assets
could
keep
global
gold
prices
elevated,
creating
favourable
conditions
for
Zimbabwe’s
mining
sector
in
the
months
ahead.

For
Zimbabwe,
the
stakes
extend
beyond
mining
revenues.
Gold
is
increasingly
becoming
one
of
the
country’s
most
important
economic
lifelines.