Zimbabwe State-Owned Miner Mutapa Gold Plans Major Expansion to Double Output by 2029
Zimbabwe’s Mutapa Gold Targets Doubling Production by 2029 After Securing Expansion Funding Zimbabwe’s state-owned mining company, Mutapa Gold Resources, plans to more than double its annual gold production to 220,000 ounces by 2029 following the launch of a major expansion programme backed by new financing. Production reports released to reporters on Friday showed that Mutapa produced 104,626 ounces of gold in the financial year ending March 31, representing a 10% decline from the previous year. The company attributed the drop mainly to lower ore grades at some of its operations.…
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