Jan 12, 2021
1 min read
Zimbabwe gold tumble nearly a third to 19 tonnes in 2020
Gold sales to Zimbabwe’s sole buyer and exporter of bullion Fidelity Printers and Refiners (FPR) fell 31% to 19 tonnes last year after lower deliveries from small-scale miners.
Deliveries of gold, the top foreign currency earner, have been on the decline since reaching a record 33.2 tonnes 2018, mainly due to delays by FPR in paying miners.
The government says gold worth at least $1.2 billion is illegally exported from the country annually.
