PLANS to develop Shamva Gold Mine (Shamva Mine), a subsidiary of Kuvimba Mining House (KMH), are well on course, with the parent shareholder, Mutapa Investment Fund (MIF), pursuing several funding options, The Financial Gazette has learnt.Last year KMH group chief executive, Trevor Barnard, revealed that Shamva Mine needed up to US$150 million to develop into…
Shamva Mine capital injection on course
Shamva Mine, which reopened in 2020 after a takeover by KMH, produced 25 702 ounces or 800 kilograms of gold in the just ended financial year to March 31, 2025.