Kuvimba Mining House expects to produce 3,600kg of gold in the financial year ending March, a 12.5% increase from the previous year. To support this growth, the company plans to invest $38 million into its largest operation, Freda Rebecca, aiming to ramp up production and take advantage of record gold prices.

Freda Rebecca, which contributes 70% of Kuvimba’s total gold output, is projected to produce 2,548kg in the current financial year, up from 2,229kg in the year to March 2024.

“This growth is primarily driven by a higher ore grade, increased ore processing, and improved operational efficiencies at our two plants,” says Patrick Shayawabaya, head of Kuvimba’s gold business. “Our focus as a cluster has been to maximize gold production, taking advantage of the strong gold price trend.”

Gold prices recently hit a record high of $3,000 per ounce, lifted by strong investor demand amid geopolitical uncertainties, including America’s tariff wars. While high prices are good news for Zimbabwe’s gold producers, rising costs and the government’s 30% export surrender requirement will limit the full benefits for local miners.

The $38 million investment at Freda Rebecca will support expanded exploration, plant upgrades, and the redevelopment of mining areas to extend the mine’s lifespan. Additionally, the mine is allocating $13 million to extend its tailings storage facility in anticipation of increased output.

Beyond Freda Rebecca, Kuvimba also operates Shamva and Jena Mines. The company is owned by Zimbabwe’s sovereign wealth fund, Mutapa.

Freda Rebecca remains Zimbabwe’s largest single gold producer. In comparison, Caledonia’s Blanket Mine produced 2,173kg in 2024, while output from Padenga’s Dallaglio was 2,025kg in the nine months to September from its Eureka and Pickstone mines.