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Story summary
- Mutapa Gold Resources plans to double gold output to 220,000 ounces by 2029.
- Production dropped 10% to 104,626 ounces in the FY ending March 31 2025, with the company securing $75 million from Zimbabwean banks for the Shamva Hill project, which will start construction in August 2026 and raise output from ~24,000 to ~80,000 ounces annually.
- Capacity expansion at Jena mine is slated for Q4 2026, with output expected to rise at Freda Rebecca mine.
