Online Reporter
Nelson Gahadza
Senior Business Reporter
MUTAPA Gold Resources has declared a maiden dividend of US$35 million for the nine months to December 31, 2025, following a strong financial and operational performance.
The company’s performance was driven by firm international gold prices, improved operational efficiencies and gains from a restructuring programme undertaken by the mining group.
The dividend marks a significant milestone for the Mutapa Investment Fund-owned gold producer and comes as the company prepares to embark on a US$152 million pipeline of expansion projects aimed at nearly doubling gold output over the next few years.
Under the dividend distribution, Mutapa Investment Fund received US$22,5 million, while the balance was distributed among other shareholders, including Datvest US$4,37 million, National Venture Capital Company of Zimbabwe US$2,63 million and the Public Service Commission Pension Fund US$2,45 million.
Other beneficiaries included the Insurance and Pensions Commission (IPEC) and the Deposit Protection Corporation, which each received US$1,75 million.
Speaking after the company’s trading update and dividend declaration event yesterday, Mutapa Gold Resources chief executive Mr Patrick Maseva-Shayawabaya said the payment reflected the group’s strong cash-generating capacity and demonstrated the success of efforts to improve operational performance across its mining operations.
“This dividend relates to the nine months to December 2025, during which we recorded a profit after tax of US$70 million. Cash generation was very strong during the period. Production was solid, gold prices remained favourable and costs were well controlled,” he said.
