LocalNews

Gold output up 54 percent

By Business Reporter

GOLD deliveries to Fidelity Printers and Refiners (FPR) were up 54 percent to 28,2 tonnes compared to 18,2 tonnes recorded in the same period in 2017.

Gold output statistics released by FPR General Manager, Mr Fradreck Kunaka reveal that small scale gold producers continue to dominate gold deliveries at Fidelity Printers over primary producers.

In September alone, small scale producers delivered 2,720.8680 tonnes, compared to 755.1091 tonnes from primary producers, totalling 3,475.9771 tonnes for the month of September, lower than the August output of 3,919.4206, which was the highest output recorded in 2018.

2018 Gold output deliveries to Fidelity Printers and Refiners (FPR)
January February March April May June July August September TOTAL OUTPUT
Total Small scale         1,399.1341     1,083.8232     1,781.7518      1,904.5876          2,216.7362     2,643.9669   2,463.4398      2,980.3349      2,720.8680          19,194.6423
PRIMARY PRODUCERS         1,159.8274        931.7238        953.3457         982.9604          1,182.7520     1,032.5910   1,086.3884         939.0857         755.1091            9,023.7835
Total         2,558.9615     2,015.5470     2,735.0975      2,887.5480          3,399.4882     3,676.5579   3,549.8281      3,919.4206      3,475.9771          28,218.4258

Cumulatively, from January 2018 to September 2018, small scale producers  now account for 19,194.6423 tonnes, more than double the output from primary producers who delivered 9,023.7835 tonnes, giving a total of 28,218.4258 tonnes produced as at September 30 2018, compared to 24,8 tonnes for the entire 2017.

The growing trajectory for gold production in Zimbabwe has been revised upwards and now expected to reach 34 tonnes of gold, 13 percent ahead of the targeted national output of the initial projection of 30 tonnes, with potential to reach 100 tonnes per annum by 2030. ENDS//

Tags
Show More

Related Articles

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Close