KUVIMBA Mining House (KMH) is set to spend US$60 million into its gold operations this year in a bold move expected to augment production and improve efficiency leveraging the global price boom to fund part of its ambitious plan.
KHM’s gold cluster comprises Freda Rebecca Gold Mine, Shamva Mine, and Jena Mines.
Last year, the three mines cumulatively produced just over 3,200 kgs of gold and are projected to extract 3 600 kgs in the current year ending March 31, 2025 — an increase of 400 kgs.