Barely a month after declaring a US $5,2 million dividend to Government, Kuvimba Mining House has recorded another success story by producing a record 311 kgs at Freda Rebecca Mine in June this year.
In May, Freda Rebecca Mine produced 300kgs of gold breaking a 20-year production record at the mine.
The gold mine is now the biggest in Zimbabwe in terms of production.Kuvimba Mining House is owned by Government (65 percent) and foreign investors (35 percent.
The mining firm’s chief operating officer, Mr Cobus Bronn said: “Freda Rebecca Gold Mine exceeded May’s record production of 300kg by producing 311kg of gold for June 2021. This is 15 percent above budget, and this shows the company is moving in the right trajectory.”As a result of this achievement, workers are expected to smile all the way to the bank as bonus is expected to be paid.
Mr Bronn added: “Kuvimba’s exploration on Shamva mine shows that there will be a super pit which will be producing in excess of 400kgs a month.”
Kuvimba also has shares in Shamva and Jena Gold Mines and also has a stake in the Darwendale platinum project popularly known as Great Dyke Investments, Bindura Nickel Corporation and Zim Alloys.
The latest perfomance by Kuvimba comes barely a month after the company declared a US$5,2 million dividend to its stakeholders.
The beneficaries were Sovereign Wealth Fund of Zimbabwe (US$520 000), Public Service Pension Management Fund (US$560 000), Deposit Protection Corporation (US$400 000), Insurance and Pensions Commission (US$400 000), Datvest Nominees (US$1 million), National Venture Capital Company of Zimbabwe (Pvt) Ltd (US$600 000) and Government (US$1,72 million).