Published: 07 August 2013

FREDA Rebecca Gold Mine, a subsidiary Mwana Africa Plc, recorded a 37 percent increase in gold output in the full year to March 2013.

According to Mwana Africa, Freda Rebecca had since grown to become the country's single biggest gold producing mine.
During the year it sold 65 350 ounces of gold at an average price of $1 650 per ounce, generating revenue of US$108.1 million.

Previous year's output was 47 770oz, for $1 664/oz, with revenue of US$79.8 million.

The group said 1 043 764 tonnes of ore were mined from 950 857t while 958 968t were milled against 893 145t in 2012.

Ore grade improved from 2,28 grammes per tonne in 2012 to 2.64g/t in the comparative period this year while gold recovery increased from 75 percent to 81 percent.
- herald

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