Prisca Muchokore, manager of DT Mining Syndicates, places small balls of mined gold onto a scale to weigh and calculate payment for the artisanal miners at a small-scale gold mine in Umguza, Zimbabwe, on Saturday, Nov. 10, 2018. On January 1, the London Bullion Market Association will introduce a new version of guidelines for the Responsible Gold Guidance program that embrace whats called environmental, social and governance standards. Photographer: Cynthia R Matonhodze/Bloomberg via Getty Images
The country’s gold output in the first quarter of 2022 has risen by 87% to 8 tonnes, the Zimbabwe Economic Review reports.
This is in comparison to what was produced during the same period last year.
Meanwhile, small-scale miners produce 61% of Zimbabwean gold.
The contribution are broken down as follows, small-scale producers 61 per cent, large-scale producers 34% and
secondary producers accounted for 5 %.
Apparently, gold is one of the main foreign currency earners in Zimbabwe.
However, the country is losing millions of dollars each year due to gold smuggling.
In some instances those accused of smuggling gold are in high offices or connected to high profile people.
Zwnews
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