Zimbabwe gold miner plans to double annual output

Zimbabwe’s state-owned gold miner Mutapa Gold Resources aims to double annual production to 220,000 ounces by 2029. The company secured $75 million from Zimbabwean banks to boost output, with additional funding expected from foreign lenders. Gold accounted for nearly half of Zimbabwe’s $9.7 billion export revenues last year, and Harare earned $1.2 billion from gold in January-April 2024, more than double the same period in 2025.