Small scale gold producers stay afloat

By Theophilus Chuma

INCENTIVES by the central bank and fidelity printers and refiners for small scale miners continue to pay dividends as the sector recorded significant improvement in gold yield last month.

There has been impressive run in gold production figures, with small scale miners having maintained the momentum on output after securing two tonnes of the yellow metal last month.

This adds to the ten tonnes produced for the first six months to June as the sector forecasts on sustaining this trajectory until the end of the year.

“The incentives provided by for have been of great assistance as we have seen a huge boost on deliveries and production. We are looking at the figures having hit above five tonnes of what we produced during the corresponding period last year. I think overally we are looking to ensure that this positive outlook is maintained until year end.”

Small scale miners are a vital cog in the national production grid, contributing at least forty percent of the gold output annually.

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