en.Wedoany.com Reported - The Freda Rebecca Gold Mine in Bindura, Zimbabwe, owned by Mutapa Gold Resources, achieved a record gold production of 240 kilograms in March, marking a recovery from operational difficulties, according to CEO Patrick Maseva-Shayawabaya.

"We have had a good start to the year, with Freda reaching a record production of 240 kg," Maseva-Shayawabaya said in an interview with Zimbabwe Mining. Freda Rebecca accounts for approximately 70% of Mutapa Gold's total output, with the Shamva mine contributing 20% and the Jena mine contributing 10%.

Total gold production for the 12 months ending March 2026 fell to 3,255 kilograms (104,000 ounces) from 3,600 kilograms (116,000 ounces) in the same period last year, primarily due to approximately six months of operational issues at Freda and Shamva. The Jena mine has a higher ore grade (3-4 g/t), compared to 1.4-1.6 g/t at Freda and Shamva, and its March output is expected to exceed 40 kilograms following the completion of a US$2 million plant upgrade.

Mutapa Gold Resources, a wholly-owned subsidiary of Zimbabwe's sovereign wealth fund, the Mutapa Investment Fund, plans to increase annual production to 300,000 ounces within six years through a US$200 million investment, with a focus on Shamva and Jena. Maseva-Shayawabaya took over as CEO from Trevor Barnard on May 1, having previously served as Mutapa Gold's Chief Financial Officer and Managing Director of Freda Rebecca.

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