Zimbabwe Gold Output Hits Record Pace as Explorati...

Zimbabwe Gold Output Hits Record Pace as Exploration Surge Overwhelms Labs

Zimbabwe Mines See 40% Jump in Gold Output in 2025 as Investors Pile In
Caledonia Mining Profits Triple on Zimbabwe Gold Rush
Zimbabwe Gold Production Set to Break Record, Bilboes Project in Focus
Global Gold Rally Spurs Zimbabwe’s Biggest Mining Expansion in Years

ZimNow News Desk

Zimbabwe’s accredited laboratories are battling to cope with a surge in mineral samples as mines ramp up exploration in response to record gold prices, Caledonia Mining Corp’s Vice President for Technical Services Craig Harvey said on Wednesday.

Global gold prices hit an all-time high of $3,500 an ounce in April, driven by geopolitical tensions, central bank buying, and economic uncertainty sparked by US President Donald Trump’s tariffs. The rally has triggered a wave of exploration, even in countries like Zimbabwe, where output had plummeted after years of political and economic instability.

Gold production in Zimbabwe climbed 40% in the first seven months of 2025 to 24.3 metric tons, compared to the same period last year. Annual output is expected to top 40 tons—a new record and a dramatic recovery from just 3 tons in 2008.

Caledonia Mining, one of the country’s top producers, has faced delays in receiving lab results from its exploration program. “It is very frustrating for us, but in the Zimbabwe context that’s actually very encouraging,” Harvey said, noting that more companies are now active in exploration.

The miner posted a surge in profit to $34.8 million for the six months to June 30, up from $12.25 million a year earlier, driven by higher production and a 40% jump in average gold prices. CEO Mark Learmonth told analysts the company is exploring financing options for its Bilboes project—which could become Zimbabwe’s largest gold mine—without diluting equity or cutting dividends.