Gold deliveries rise 46% in 4 months to April: Fidelity Gold data
HARARE — Zimbabwe’s gold deliveries for the four months ended April surged to an impressive 12,349.99 kg, marking a significant increase of 46.4% from 8,431.78 kg during the same period last year. Notably, small-scale miners have played a substantial role, contributing over 60% of the total gold output.
According to the latest data from Fidelity Gold, small-scale miners produced 8,696.97 kg, a remarkable rise of 111.1% from 4,120.01 kg in the same period last year. In contrast, large-scale miners contributed 3,653.03 kg representing a decrease of 15.3% from 4,311.77 kg recorded last year.
On a month-on-month basis, April saw a significant growth of 3,863.5812 kg, up from 2,793.81kg in March, representing a 38.3% increase. Small-scale miners continued their dominance, delivering 2,926.11 kg in April, up from 1,864.99 kg in March, a 56.9% increase. Comparing April to the same month last year, small-scale miners saw a substantial increase of 140.3% from 1,218.20 kg.
In contrast, large-scale miners experienced a slight decrease of 0.1% to 927.47kg from 928.82 kg tonnes in March. However, large-scale miners’ production in April this year was 927.47 kg. Primary producers decreased their deliveries by 20.6% compared to last year, from 1,168.7 kg.
April 2025 has been a remarkable month for precious metals, particularly gold, which saw unprecedented price swings. After hitting an all-time high of US$3,500 per ounce, gold experienced significant declines. This volatility stemmed from various macroeconomic factors, including proposed tariffs that initially sparked a market selloff, followed by a sharp rebound in precious metals.
Gold prices have surged dramatically in 2025, creating substantial operational margins. This 57% price increase since 2020 happened relatively quickly, catching many mining companies unprepared for the resulting cash influx. However, gold prices have recently come under pressure, correcting from two-week highs of US$3,435 due to renewed optimism about US-China trade talks and profit-taking ahead of US Federal Reserve policy announcements.
-finx
