Current policy approaches, including the criminalisation of artisanal gold mining by the Zimbabwean authorities, have failed to address effectively persisting challenges such as land rights conflict, violence, environmental degradation and smuggling. If the costs of imperfect regulations are to be mitigated, new approaches are required, including improved regulations and interventions to formalise the sector. It is important that the conflict-ridden relationship between artisanal and small-scale miners and large-scale commercial miners be transformed into an inclusive stakeholder arrangement framed by mutual interests and co-operation.