Gold Deliveries Rise 37% to 32.98t

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Gold deliveries rose 37% to 32.98 tonnes in the first nine months of 2025, Fidelity Gold Refinery data showed. Small-scale miners drove production, contributing 24.5 tonnes, nearly 75% of national output. Large-scale miners’ deliveries fell to 8.54 tonnes, with some reportedly channeling gold through small-scale networks to bypass the Reserve Bank’s 30% local currency retention rule. Analysts said Zimbabwe was on track to surpass its 40-tonne annual target.