This was announced by Mines Minister Walter Chidhakwa on Monday.
Chidhakwa did not give a reason for the drop in production but the Chamber of Mines has said gold mining companies are struggling with electricity shortages and lack of capital.
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Bullion sales account for more than 30 percent of the southern African country's total exports. Chidhakwa said 26 per cent of the mineral was being produced by small-scale miners.