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Message: [QUOTE="Nehanda, post: 29832, member: 2262"] Zimbabwe made more money from gold in early 2025 compared to last year. The country earned $240.1 million during January and February, which beats the $221 million from those same months in 2024. This jump means gold sales grew by 8.64 percent, according to what the Reserve Bank of Zimbabwe reported. Gold remains super important for bringing foreign money into the country. January saw gold exports worth $123.1 million, and February numbers fell slightly to $117 million. Even with this small drop between months, the bigger picture shows gold exports climbing overall. Zimbabwe shipped $2.4 billion worth of gold during all of 2024, making it the country's biggest single export. Small miners dig up most of Zimbabwe's gold. These small-scale and hand-digging miners produce about 65 percent of all the gold. The government helped boost production through better policies and support programs. Old mines started running again, and current mines dug up more gold than before. Officials also began paying small miners better prices, which encouraged them to sell through legal channels instead of black markets. Zimbabwe beat its gold targets last year and even broke records set in 2022. The country wants to become one of Africa's biggest gold producers alongside Ghana, South Africa, Mali, Burkina Faso, and Tanzania. Gold mining has grown a lot since 2017, despite some bumpy years. Miners dug up 21.1 tonnes in 2016, 24.8 tonnes in 2017, and 33.2 tonnes by 2018. Production fell to 27.6 tonnes in 2019 when Zimbabwe brought back its local dollar. This caused problems because the currency kept changing value. Miners hated getting paid partly in Zimbabwean dollars. The troubles continued into 2020 when small miners became upset with how Fidelity Gold Refinery paid them. Gold deliveries crashed to just 19 tonnes that year. High costs, slow payments, and only getting 75 percent of payments in US dollars hurt the mining business badly. [/QUOTE]

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