From January to May 2025, Zimbabwe exported gold worth $748 million (59 billion rubles), which is 24 percent more than in the same period last year. This is reported The Herald, partner of the TV BRICS network.
The basis of this success was small and medium-sized mining enterprises. Thanks to the financial support of the state, their number and production capacity have increased markedly, and the official sale of gold has become much more profitable for them.
At the same time, strategic investments in the country allowed to reopen previously closed mines and expand the capacity of larger enterprises, which creates the basis for further growth of production and exports.
The global price of gold has also played an important role: since the beginning of 2025, it has grown by almost 25 percent under the influence of a massive inflow of investment in Zimbabwe. Central banks are actively replenishing their gold reserves, and experts predict a further increase in prices by about 35 percent by the end of the year.
For the Zimbabwe economy, where gold remains the main export commodity, such an inflow of foreign exchange earnings is crucial – it helps stabilize the national currency and strengthen the financial system.
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