Mutapa Gold Resources declares US$35m dividend

BY KUDAKWASHE CHIBVURI

Mutapa Investment Fund chief executive officer Dr John Mangudya says the restructuring of Mutapa Gold Resources is beginning to bear fruit after the mining giant declared a US$35m dividend to shareholders following a US$70m profit recorded for the nine months ended December 31, 2025.

Speaking to ZiFM Stereo News, Dr Mangudya described the development as historic, saying it reflects the success of the restructuring exercise undertaken earlier this year for the mining group.

“Declaring a dividend of US$35m in total is very commendable, so we are very happy with the board and management. These are some of the fruits being realised after the restructuring of the former Kuvimba Group of Companies,” he said.

Dr Mangudya added that the creation of vertical companies focusing on gold, base metals and energy resources was aimed at improving efficiency, profitability and shareholder value.

“We are focusing on efficiency, profitability and obviously shareholder value, which is reflected through the dividend,” he said.

Mutapa Gold Resources chief executive officer Patrick Shayawabaya said the dividend declaration highlights strong cash generation and solid production levels, with expectations of even stronger performance in the coming years.

“This dividend is actually in respect of the nine months to December. Cash generation was very strong,” he said.

Shayawabaya added that soaring gold prices and controlled operational costs significantly boosted the company’s financial performance.

“The gold price was high, so cash generation was very, very good while our costs were kept under control,” he said.