Mutapa Gold Resources (MGR), Zimbabwe’s premier gold mining subsidiary under the Mutapa Investment Fund, declared a US$35 million dividend, signalling robust performance and investor value. The payout represents 50% of its US$70 million post-tax profit for the nine months ending December 2025, underscoring Mutapa Gold Resources’ strong financial footing.
Regarding shareholder gains, key institutional investors benefited from the distribution: the Mutapa Investment Fund received US$22.05 million, Datavest Nominees were given US$4.375 million, and the National Venture Capital of Zimbabwe received US$2.625 million. In addition, the Public Service Pension Fund was given US$2.45 million, while the Insurance and Pensions Commission (IPEC) and Deposit Protection Corporation (DPC) were given US$1.75 million each.
Turning to financial highlights and growth, Mutapa Gold Resources’ success is rooted in solid gold output and favourable market conditions, generating US$271 million in revenue and US$99 million in pre-tax profit over nine months. This momentum persisted into the next quarter with US$144 million in revenue and US$78 million in pre-tax profit. Over twelve months to March 2026, MGR produced 3,255 kg (104,000+ ounces) of gold, demonstrating operational resilience.
Ambitious plans set Mutapa Gold Resources’ 2026 production target at 110,000 ounces. Enhanced recovery and processing at Freda and Jena mines are expected to drive this growth, with projected annual revenue of US$500 million and profit before tax of US$200 million.
The Management remains vigilant of gold price volatility, focusing on operational efficiency, cost control, and continued exploration to sustain performance. The US$35 million dividend affirms Mutapa Gold Resources’ financial health and strategic direction, positioning it as a leading force in Zimbabwe’s mining sector and a reliable value creator for investors.